As the turnaround in canola continued, analyst said there are three factors underpinning the swing upward. David Derwin, commodities futures advisor for Ventum Financial in Winnipeg, pointed to the gains made by soyoil futures on the Chicago Board of Trade, the weakening of the Canadian dollar, and the reduction in the canola harvest made by Statistics Canada.
Tag Archives canola prices — page 3
ICE Canada Weekly: Canola could enter narrow range
Soyoil, loonie, StatCan report among supportive factors
ICE Canada Weekly: Uncertainty weighs on canola
As the Canadian canola industry remained braced for whatever may come from China in regard to tariffs, a sharp blow to the oilseed arose from a much different source. United States President-elect Donald Trump threatened Canada and Mexico with 25 per cent tariffs on their goods imported by the U.S. effective Jan. 20, the day he’s sworn in.
Australia, EU canola prices rally as adverse weather crushes supply
Canadian prices will have to rise to ration demand, analyst says
Canola oilseed prices in Australia and Europe have risen by around 20 per cent since the start of March due to tight supply and a rally in vegetable oil markets, with further gains expected as buyers remain reluctant to switch to cheaper soybeans.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
ICE Weekly: Malaysian palm oil supports canola prices
Rising Malaysian palm oil prices gave canola prices a lift during the week ended Oct. 30, 2024.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
ICE Weekly: Canola downturn could last longer
The Intercontinental Exchange (ICE) Futures canola market tried to salvage what it can at the end of July after a sharp downturn in prices over the past week.
ICE Canada Weekly: Canola likely to fall back
The Canadian oilseed began to pull back on July 8 as it became caught up in a selloff in the global oilseed market. The November contract finished at C$658.20 per tonne on July 5, gaining more than C$31 on the week. However, by the close on July 10, that contract dropped to C$617.90.
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