GFM Network News

More News →

Canola

Canola, Crops, Markets

ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

By ,
MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more
Canola, Crops, Markets

Funds add to net longs in canola, U.S. futures

By ,
MarketsFarm — The large managed-money net long positions in soybean, corn and canola futures increased during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 43,967 contracts as […] Read more
Canola, Crops, Markets

ICE weekly outlook: Volatility day-to-day in bullish canola market

By ,
MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst […] Read more
Canola, Crops, Markets

ICE weekly outlook: How long can canola remain well supported?

By ,
MarketsFarm — Despite recent declines in canola prices, the Canadian oilseed remains very well supported, according to Errol Anderson of Market Place Communications in Calgary. The question he posed, though, was for how long can this last? “The market is incredibly well supported because of the lack of deliveries and that the crushers are still […] Read more
Canola, Crops, Markets

ICE weekly outlook: Canola entering uncharted waters

By ,
MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more
Canola, Crops, Markets

Funds’ net long position edges lower in canola

Net long increased in MGEX and K.C. wheats

By ,
MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more
Canola, Crops, Markets

ICE weekly outlook: WASDE spillover boosts canola

Canola may soon become price-sensitive, analyst says

By ,
MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further reductions to ending stocks for […] Read more
Canola, Crops, Markets

ICE weekly outlook: Rallying canola not at top yet

By ,
MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going through intense demand rationing right […] Read more

Special Podcast

AgCanadaTV

AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending February 26, 2021.

Sponsored By:
More Videos →

Daily Newsletter

You'll receive current daily news every morning free, as well as market updates and special features.