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ICE weekly outlook: Canola under pressure

CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be due for further declines as outside market influences remain bearish. “There are no bullish factors in the market at all,” said Wayne Palmer, senior market analyst with Agri-Trend Canada, adding “we’re going lower, before we’re going […] Read more













ICE weekly outlook: Canola runs into headwind

CNS Canada — ICE Futures Canada canola contracts are running into major upside resistance from a chart standpoint, with a turn lower more likely than additional gains in the near term. “The demand component for canola remains quite strong, although domestic crush margins have diminished,” said Mike Jubinville of ProFarmer Canada. Soyoil futures at the […] Read more