Reading Time: 2 minutes Canola prices at the Intercontinental Exchange (ICE) were on the rise for most of the week ended Aug. 28, until the release of Statistics Canada’s (StatCan) production estimates for the 2024-25 crop year on Aug. 28.
ICE Weekly: StatCan report puts a stop to canola’s rally
ICE Canada Weekly: Little confidence in AAFC, StatCan reports
Reading Time: 2 minutes There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
ICE canola weekly: Dropping with soy complex
Reading Time: < 1 minute The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
ICE Weekly: Canola could go lower despite correction
Reading Time: 2 minutes Canola futures at the Intercontinental Exchange (ICE) followed the lead of vegetable oils during the first trading week of August, posting sharp losses despite seeing a modest correction on Aug. 7.
ICE Weekly: Canola downturn could last longer
Reading Time: < 1 minute The Intercontinental Exchange (ICE) Futures canola market tried to salvage what it can at the end of July after a sharp downturn in prices over the past week.
ICE Canada Weekly: Attention on canola to soon turn from yields to demand
Reading Time: < 1 minute At this time there have yet to be any firm estimates as to what canola yields on the Canadian Prairies are most likely to be. However, once those start rolling in, the canola market will shift towards demand, according to broker Tony Tryhuk of RBC Dominion Securities in Winnipeg.
ICE Weekly: Weather raising canola prices, trader says
Reading Time: 2 minutes Ken Ball of Ventum Financial Corp. in Winnipeg acknowledged that while dryness and warmer temperatures would be seen as beneficial in rain-drenched fields in Saskatchewan and Manitoba, heat stress on canola crops in Alberta would be aggravated. This has led traders to become a bit more bullish on the oilseed.
ICE Canada Weekly: Little to propel canola upward
Reading Time: < 1 minute Canola across most of the Prairies appeared to be in good shape during the second last week of June, with very little prospect of a major rally according to a trader.
ICE weekly: Canola futures volatile amidst selling, rainy weather
Reading Time: 2 minutes Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
ICE weekly outlook: Watch for canola to climb higher
Reading Time: < 1 minute MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
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