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Tag Archives canola prices

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Growers hanging onto supplies

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola weak, but finding support

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: More losses in store for canola

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the most active November contract but a slightly firmer tone in the more deferred positions. With harvest pressure only beginning in Western Canada, and the U.S. soy complex looking bearish, the front month will likely keep drifting […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola basis levels seen hanging steady

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Reading Time: 2 minutes CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more
Shanghai, from the Huangpu River near the Oriental Pearl tower. (CIA.gov)
Canola, Crops, Markets

Canola exports to feel pinch of Chinese market crash

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Reading Time: 2 minutes CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola drop may spur fresh demand

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures dropped sharply on Wednesday as the market reacted to a surprisingly bearish U.S. Department of Agriculture report and resulting losses in soybeans. While the nearby technical bias has turned bearish, the latest weakness may also serve to uncover some fresh export demand for canola. “It’s a reminder […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola faces resistance

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts traded within a wide range during the week ended Wednesday, but settled mixed as the market reacted to conflicting outside factors. While the nearby bias has shifted lower in the most active months, ongoing production uncertainty in Western Canada should remain supportive in the long run, according […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Weather key to canola market

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts climbed to their highest levels in two years during the week ended Wednesday, with mounting weather concerns across the Prairies the key driver in the market. “This thing will keep going until we get some rain,” said Jerry Klassen, manager of GAP S.A. Grains and Produits in […] Read more

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