(Dave Bedard photo)

ICE to move canola trade to U.S. exchange

The business of trading and clearing canola futures is poised to leave Winnipeg for New York City this summer. Atlanta-based Intercontinental Exchange (ICE), the operator of canola exchange ICE Futures Canada, announced Tuesday it will be “transitioning” the trading and clearing of canola contracts to New York-based ICE Futures U.S. and ICE Clear U.S. ICE […] Read more


(Dave Bedard photo)

ICE weekly outlook: Canola ‘stuck in neutral’

CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola awaits acreage report

CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday’s close. Prairie farmers on Friday will […] Read more





Canola chart points to bearish reversal

CNS Canada — After hitting a contract high Monday, the ICE Futures Canada July canola contract subsequently turned decidedly lower to form a key reversal pattern from a chart perspective. July canola hit a high of $539.50 per tonne Monday, but settled right around where it started, near the lows of the day, at $536.70. […] Read more



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Growing canola in a dry year

With last year’s dry weather and predictions that this year will be similar across much of the Prairies, there’s concern that this might not be the best year for canola. With moisture levels are already low, and coming out of a year where crops did well by using what was available in the soil profile,[...]
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