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Tag Archives canola futures — page 25

ICE weekly outlook: Canola runs into headwind
Crops, Markets

ICE weekly outlook: Canola runs into headwind

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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
March 2017 canola futures up to Feb. 8, 2017, including 20-day moving average in red. (Barchart.com)
Crops, Markets

ICE weekly outlook: Canola holds firm before USDA report

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CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola pointed lower

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CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
(Photo courtesy Canola Council of Canada)
Crops, Markets

Canola crush margins tumble

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CNS Canada — Canola crush margins dropped by more than $30 per tonne over the past two weeks, which may be putting a damper on end-user demand. As of Thursday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $100 above the March contract, which compares with levels only two weeks […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Easy come, easy go for canola

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CNS Canada — The ICE Futures Canada canola market has been something of a maverick over the course of the week, bucking pressure from a stronger loonie and weaker soybeans, but traders could turn on the market in coming sessions, one analyst said. “There’s certainly some commercial buying keeping it firm, but it may be […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Weather trumps Trump on canola

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CNS Canada — ICE Futures Canada canola contracts posted substantial gains during the week ended Wednesday, taking strength from a rally in the soy complex. Both front-end contracts rose $17 on the week, with the March contract jumping from $498 at its Jan. 11 close to settle at $515 a week later. Weather concerns in […] Read more
(Dave Bedard photo)
Crops

Canola acres seen rising on high prices

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Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola watching South America

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CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below some chart resistance levels in the process. The chart pattern is turning flat, however, and further moves will likely depend on outside factors. Speculators have moved to the short side in the canola market, which accounted for some […] Read more
March 2017 canola, with the simple 200-day moving average included in orange. (Barchart.com)
Crops, Markets

Tipping point seen for March canola

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CNS Canada — ICE Futures Canada canola futures find themselves at a bit of a tipping point from a chart standpoint, with the most active March contract settling right at the $500 per tonne mark on Tuesday. In addition to being a psychological benchmark, $500 is also within 30 cents of the 200-day moving average […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola stuck in downward trend

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CNS Canada — A downward trend in oilseed markets is likely to weigh on canola, one analyst says, as year-end trading has already scaled back prices. Since last week, ICE Futures Canada canola has lost $5.10 per tonne in its March contract, closing Wednesday at $503.60. “The big issue is we’ve got some year-end factors […] Read more

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