(Dave Bedard photo)

ICE weekly outlook: Nearby canola trending lower

CNS Canada –– ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the nearby January contract hitting its weakest levels in two months, but the more deferred positions seeing some relative strength as the intermonth spreads saw some adjustment. Traders increased their net short positions in the front month from about […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola drops below range

CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January […] Read more



(Dave Bedard photo)

ICE weekly outlook: Canola can’t crack resistance

CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more



(Dave Bedard photo)

ICE weekly outlook: Canola climbs despite harvest pressure

CNS Canada –– ICE Futures Canada canola contracts finished higher for the week ended Wednesday, posting gains of $9-$10 per tonne despite mounting harvest pressure and large world supplies of vegetable oil. The slumping Canadian dollar, which momentarily reached its lowest point in 11 years during the session, has been a big reason behind canola’s […] Read more


(Photo courtesy Canola Council of Canada)

Canola exports seen moving slower than expected

CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more

(Dave Bedard photo)

ICE weekly outlook: Growers hanging onto supplies

CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the […] Read more