ICE May 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

ICE weekly outlook: Canola bearish with or without China

MarketsFarm — ICE Futures canola contracts saw a modest correction off of major support over the week ended Wednesday, but the longer-term trend remains pointed lower with large old-crop supplies and uncertain export prospects overhanging the market. Canadian canola exports to China are effectively non-existent right now, with the absence of that major customer casting […] Read more



(File photo by Dave Bedard)

Fund short position rises in canola

MarketsFarm — Fund traders added to their net short position in ICE Futures canola contracts during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). After being delayed by the U.S. government shutdown, the CFTC was finally up to date with its […] Read more

ICE May 2019 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: More losses likely for soft canola

ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more


ICE March 2019 canola futures with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola grinding lower

ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more

ICE November 2019 canola with 20- and 100-day moving averages. (Barchart)

ICE weekly outlook: Farmers advised to price some new crop

ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more


ICE January 2019 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola steady heading into 2019

CNS Canada –– ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, and should be expected to remain steady heading into the New Year barring outside political developments. “We’re in a doldrums environment,” said Mike Jubinville of ProFarmer Canada in Winnipeg. “The supply/demand fundamentals suggest this market is reasonably well supplied, with […] Read more

(Dave Bedard photo)

Canola funds reduce net short position

CNS Canada — Fund traders lowered their net short positions in ICE Futures canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more