Canola , Latest & Featured - Canadian Cattlemen

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

ICE weekly outlook: Canola trade starts rolling out of January early

By Glen Hallick, GFM Network News November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more

ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

By Phil Franz-Warkentin, GFM Network News November 10, 2021

MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of […] Read more

Canola, Markets

Canadian canola oil content well below average

By MarketsFarm, GFM Network News November 5, 2021

Canada’s hot and dry growing season in 2021 cut into the oil content of the country’s canola crop, with preliminary data pointing to the second-lowest oil content of the past two decades. Preliminary sample data compiled by the Canadian Grain Commission shows average oil content for number one quality canola in 2021/22 at 41.9 per […] Read more

Canola, Markets

ICE weekly outlook: Crude oil at heart of canola’s fate

By Glen Hallick, GFM Network News November 4, 2021

MarketsFarm – As gains in global crude oil prices have been largely behind the increases in edible oil values, any losses in crude will lead to declines in the edibles. Such was the case on Nov. 3 when crude oil took a dip, pulling down soyoil on the Chicago Board of Trade (CBOT) as well […] 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: Canola rally keeps going

Not yet back at $1K, but it's possible

By Glen Hallick, GFM Network News October 21, 2021

MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never […] Read more

Canola, Crops, Markets

ICE canola futures’ daily limit expanded to $60

By MarketsFarm, GFM Network News October 20, 2021

MarketsFarm — The daily price limit (DPL) for canola futures contracts on the ICE Futures platform will rise to $60 per tonne starting Nov. 1, the exchange announced Tuesday. The DPL determines how much a contract can move in a given session above or below the previous settlement. The new level compares with the current […] Read more

ICE January 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola still rangebound

Selling pressure seen from U.S. soy

By Phil Franz-Warkentin, GFM Network News October 13, 2021

MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Canola feeling the energy

Canola riding on fuels' bullish momentum

By Phil Franz-Warkentin, GFM Network News October 6, 2021

MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy […] Read more

File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)

Canola, Crops, Markets, Reuters

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

By Rod Nickel, GFM Network News October 4, 2021

Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Analyst sees canola spike late next month

Movement expected to roll out of November soon

By Glen Hallick, GFM Network News September 30, 2021

MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all due to the drought and […] Read more

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Quebec pork company calls for transparency around gene-edited pigs

Alberta harvest just ahead of average pace

Daily Network News

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Quebec pork company calls for transparency around gene-edited pigs

Alberta harvest just ahead of average pace

Canola

ICE weekly outlook: Canola trade starts rolling out of January early

ICE weekly outlook: Canola’s trend line still pointed higher

Canadian canola oil content well below average

ICE weekly outlook: Crude oil at heart of canola’s fate

ICE weekly outlook: Canola rally keeps going

ICE canola futures’ daily limit expanded to $60

ICE weekly outlook: Canola still rangebound

ICE weekly outlook: Canola feeling the energy

Canada’s drought forces canola importers to turn elsewhere

ICE weekly outlook: Analyst sees canola spike late next month

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