canola markets Archives | Page 2 of 14

ICE canola weekly outlook: Market stabilizing, but for how long?

Domestic crushers running at full capacity but export demand lacking

By Phil Franz-Warkentin January 24, 2024

ICE Futures canola contracts continued to show some modest strength during the week ended Jan. 24, as the market stabilized above the lows hit earlier in the month. However, whether the uptrend continues or canola retreats to fresh lows remains to be seen.

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File

Markets

ICE weekly outlook: Virtually no upside for canola

Forthcoming South American soybean harvest a bearish influence

By Glen Hallick January 17, 2024

With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.

“Pods can look dramatically different, either riper or less ripe, than the actual seeds, so we need to be cracking open those pods and looking at the seeds.”
Photo: Greg Berg

Crops, Markets

ICE canola weekly outlook: Possible support uncovered

Chicago soyoil has shown some stability, underpinning canola

By Phil Franz-Warkentin January 10, 2024

The ICE Futures canola market hit fresh contract lows to start 2024 but may have finally uncovered some support.

Canola plants in flower in a field north of Lorette, Man. on July 20, 2022. (Dave Bedard photo)

Markets

ICE weekly outlook: More room to the downside for canola

Vegetable oil markets also became weaker

By Adam Peleshaty - Marketsfarm January 3, 2024

Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.

Crops, Markets

ICE weekly outlook: Drifting market in need of outside support

South America growing conditions likely price driver in soy markets for next months

By Phil Franz-Warkentin December 13, 2023

The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.

Markets

Net fund short position edges down in canola

CBOT fund traders were liquidating some large net long positions in soybeans

By Phil Franz-Warkentin December 4, 2023

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Crops, Markets

ICE weekly outlook: Funds in control of market – for now

Spec funds were keeping a close eye on the weather in Brazil says analyst

By Glen Hallick November 15, 2023

With a record short position in canola, managed money is largely in control of the market according to analyst Wayne Palmer of Exceed Grain in Winnipeg.

ICE January 2024 canola with 20-day moving average (yellow line, right column) and CBOT January 2024 soybeans (green line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Soy complex supporting canola

'Canola has been largely pulled up'

By Adam Peleshaty November 9, 2023

MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has […] Read more

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Canola futures looking for bottom

Crushing pace remains aggressive

By Phil Franz-Warkentin October 12, 2023

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in three and a half months during the week ended Wednesday, taking some direction from Chicago soyoil as harvest […] Read more

Crops, Markets

ICE weekly outlook: Canola following soyoil’s lead

Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices

By Adam Peleshaty - Marketsfarm August 23, 2023

MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t […] Read more

Tag Archives canola markets

ICE canola weekly outlook: Market stabilizing, but for how long?

ICE weekly outlook: Virtually no upside for canola

ICE canola weekly outlook: Possible support uncovered

ICE weekly outlook: More room to the downside for canola

ICE weekly outlook: Drifting market in need of outside support

Net fund short position edges down in canola

ICE weekly outlook: Funds in control of market – for now

ICE weekly outlook: Soy complex supporting canola

ICE weekly outlook: Canola futures looking for bottom

ICE weekly outlook: Canola following soyoil’s lead

Cyber-Savvy Farmer