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.
Tag Archives canola prices
ICE weekly outlook: Funds in control of market – for now
Spec funds were keeping a close eye on the weather in Brazil says analyst
ICE weekly outlook: Soy complex supporting canola
'Canola has been largely pulled up'
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 weekly outlook: Canola futures looking for bottom
Crushing pace remains aggressive
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
ICE weekly outlook: Canola following soyoil’s lead
Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices
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
ICE weekly outlook: Hard to know where canola will go
'Could easily make a case either way'
MarketsFarm — ICE Futures canola contracts fell hard to end the month of May, dropping to levels not seen in more than two years. While the oversold market may be […] Read more
ICE weekly outlook: Weather to influence canola price movement
Short-covering seen supporting front months for now
MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants […] Read more
ICE weekly outlook: Rising canola market runs into resistance
Resistance seen around $835, support around $820
MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying […] Read more
ICE weekly outlook: Choppy trading for canola, other oilseeds
Signals not pointing to course change for now
MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are […] Read more
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, […] Read more
ICE weekly outlook: Canola rangebound, awaits report
New StatsCan data due out Monday
MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, hitting their lowest levels in nearly a month before recovering back toward the upper end […] Read more