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ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)

ICE weekly outlook: Canola holds over $600

By Marlo Glass – MarketsFarm, GFM Network News December 17, 2020

MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some […] Read more

ICE January 2021 canola with Bollinger (20,2) bands and 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola entering holiday mode

By Phil Franz-Warkentin, GFM Network News December 10, 2020

MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more

Canola, Crops, Markets

Fund net long in canola steady, despite liquidation in U.S.

By Phil Franz-Warkentin, GFM Network News December 5, 2020

MarketsFarm — The large net long position fund traders are holding in canola futures held relatively steady during the week ended Tuesday, despite long liquidation in U.S. grains and oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders on Tuesday were holding […] Read more

ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Two reports likely to increase canola values

By Glen Hallick, GFM Network News December 2, 2020

MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more

ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (blue line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola stronger at midweek

By Marlo Glass – MarketsFarm, GFM Network News November 25, 2020

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart […] Read more

Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Soybeans

October crush numbers up, canola record set

By MarketsFarm Team, GFM Network News November 25, 2020

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola still climbing, watching beans

By Phil Franz-Warkentin, GFM Network News November 18, 2020

MarketsFarm — The ICE Futures canola market has trended higher for the past five months and showed no signs of slowing down in mid-November, with prices hitting fresh contract highs on a number of days. January canola hit a session high of $571.40 per tonne, and settled Wednesday at $569.40. Aside from a brief blip […] Read more

ICE January 2021 canola with 20-day moving average (yellow line) and CBOT January 2021 soymeal (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Bull market in canola’s grasp

That said, watch for cracks in demand side of equation

By Glen Hallick, GFM Network News November 13, 2020

MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more

Canola, Crops, Markets

Profit-taking cuts into fund net longs in canola, soy

By Phil Franz-Warkentin, GFM Network News November 7, 2020

MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans 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 […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola stronger at midweek

By Marlo Glass – MarketsFarm, GFM Network News November 5, 2020

MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more

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Canola

ICE weekly outlook: Canola holds over $600

ICE weekly outlook: Canola entering holiday mode

Fund net long in canola steady, despite liquidation in U.S.

ICE weekly outlook: Two reports likely to increase canola values

ICE weekly outlook: Canola stronger at midweek

October crush numbers up, canola record set

ICE weekly outlook: Canola still climbing, watching beans

ICE weekly outlook: Bull market in canola’s grasp

Profit-taking cuts into fund net longs in canola, soy

ICE weekly outlook: Canola stronger at midweek

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