Reading Time: < 1minute ICE Futures canola contracts were underpinned by a rally in Chicago soyoil during the week ended Feb. 18, but the Canadian oilseed ran into upside chart resistance that tempered gains.
Reading Time: < 1minute Concerns about canola getting too expensive have crept into the Canadian oilseed’s recent rally on the Intercontinental Exchange.
Reading Time: < 1minute ICE canola futures have trended steadily higher for the past month, with more upside possible from a chart standpoint as market participants continue to account for easing tariffs from China.
Reading Time: 2minutes In order to get Canadian farmers to plant at least the same amount of canola this spring as they did last spring, they are likely going to need a premium, said Jerry Klassen, analyst with Resilient Capital in Winnipeg.
Reading Time: < 1minute Canola futures were trending higher to start the New Year, with the nearby technical signals showing more room to the upside. However, continued strength will require additional outside support.
Reading Time: 2minutes When canola trading begins returning to normal come Jan. 5, the oilseed’s futures are likely to fall back, said Tony Tryhuk, trader with RBC Dominion securities in Winnipeg.
Reading Time: < 1minute ICE canola futures fell to their lowest levels in nine months during the week ended Dec. 17, with little supportive news to underpin the market.
Reading Time: < 1minute ICE canola futures saw some choppy activity during the week ended Nov. 26, falling below nearby support at one point before clawing back from those losses to continue their steady uptrend of the past two months.
A message from April Stewart, Country Guide's Associate Editor