Reading Time: 2 minutes With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
ICE Weekly: More room to the upside for canola
Reading Time: 2 minutes After the May contract on the Intercontinental Exchange (ICE) fell to its lowest level in two-and-a-half weeks, at C$615.70 per tonne on March 28, it jumped to rise above C$645 on April 2. However, the contract closed C$10 below their daily highs on both April 2 and 3.
ICE Canada Weekly: Canola set to rise, but not a sure thing
Reading Time: 2 minutes After incurring sharp losses on Tuesday and Wednesday, canola futures on the Intercontinental Exchange were poised for a turnaround to swing higher. MarketsFarm analyst Mike Jubinville suggested that cash prices on the Canadian Prairies should soon return to C$14 per bushel and maybe push as high as C$15.
ICE canola showing signs of stabilizing
Expectations for slightly lower canola acres ahead of StatCan report
Reading Time: < 1 minute The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.
ICE canola weekly outlook: Market stabilizing, but for how long?
Domestic crushers running at full capacity but export demand lacking
Reading Time: < 1 minute ICE Futures canola contracts continued to show some modest strength during the week ended Jan. 24, as the market stabilized above the lows hit earlier in the month. However, whether the uptrend continues or canola retreats to fresh lows remains to be seen.
ICE canola weekly outlook: Possible support uncovered
Chicago soyoil has shown some stability, underpinning canola
Reading Time: < 1 minute The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
Reading Time: 2 minutes With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
ICE weekly outlook: Soy complex supporting canola
'Canola has been largely pulled up'
Reading Time: 2 minutes MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to […] Read more
ICE weekly outlook: Canola futures looking for bottom
Crushing pace remains aggressive
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts fell to their lowest levels in three and a half months during the week ended Wednesday, taking some direction from Chicago soyoil as harvest activity winds down across the Prairies. Losses in other markets, including Malaysian palm oil and European rapeseed futures, added to the declines in canola. “Everybody […] Read more
ICE weekly outlook: Canola following soyoil’s lead
Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices
Reading Time: 2 minutes MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before […] Read more
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