ICE Futures Archives | Country Guide

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

ICE weekly outlook: $1,000 canola not a guarantee

By Glen Hallick - MarketsFarm July 14, 2021

Reading Time: < 1 minute MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

Canola, Crops, Markets

Net long position in canola nears lowest level of past year

By Phil Franz-Warkentin - MarketsFarm July 10, 2021

Reading Time: < 1 minute MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Expensive canola required

By Glen Hallick - MarketsFarm July 7, 2021

Reading Time: < 1 minute MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more

ICE November 2021 canola (candlesticks) with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Volatility to come for canola market

'Tighten up your seatbelt'

By Adam Peleshaty June 30, 2021

Reading Time: < 1 minute MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more

ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

By Adam Peleshaty June 24, 2021

Reading Time: 2 minutes MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, soy complex weaken canola

By Adam Peleshaty June 16, 2021

Reading Time: 2 minutes MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola market pits weather against supplies

By Glen Hallick - MarketsFarm June 9, 2021

Reading Time: 2 minutes MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more

ICE July 2021 canola (candlesticks) with CBOT July 2021 soybeans (gold line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Bare shelves keep all eyes on weather

By Phil Franz-Warkentin - MarketsFarm June 3, 2021

Reading Time: < 1 minute MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in a week or two to […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Swings ahead for canola

By Glen Hallick - MarketsFarm May 27, 2021

Reading Time: < 1 minute MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more

Canola, Crops, Markets

Net long position in canola edging down

Net long increases in Chicago, K.C. wheat

By Phil Franz-Warkentin - MarketsFarm May 22, 2021

Reading Time: < 1 minute MarketsFarm — The managed money net long position in canola has edged down over the past few months, hitting its lowest level since August 2020 in the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday, managed money fund traders were holding a net long position in ICE […] Read more

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Tag Archives ICE Futures

ICE weekly outlook: $1,000 canola not a guarantee

Net long position in canola nears lowest level of past year

ICE weekly outlook: Expensive canola required

ICE weekly outlook: Volatility to come for canola market

ICE weekly outlook: Weather, carryout support canola

ICE weekly outlook: Weather, soy complex weaken canola

ICE weekly outlook: Canola market pits weather against supplies

ICE weekly outlook: Bare shelves keep all eyes on weather

ICE weekly outlook: Swings ahead for canola

Net long position in canola edging down

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