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Tag Archives canola prices — page 7

ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola values stay rangebound

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MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
(File photo by Greg Berg)
Crops, Markets

Input Capital cuts costs as delayed sales lift Q3 profit

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A hostile canola export market has left “commodity streaming” firm Input Capital paring back its staff count and halting its sales and marketing efforts. The publicly traded Regina company on Tuesday booked adjusted net income of $1.06 million on $4.95 million in adjusted total revenue for the quarter ending June 30, up from about $249,000 […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Not much faith in USDA’s WASDE

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MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
ICE July 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Crops, Markets

ICE weekly outlook: Little for canola bids to stand on

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MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager with PI Financial in Winnipeg. […] Read more
ICE March 2019 canola (candlestick chart) with CBOT March 2019 soyoil (green line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola waits on trade talks, USDA reports

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ICE canola futures are quiet at the end of January, but could see some movement from outside influences in the coming weeks, according to Exceed Grain senior marketing analyst Wayne Palmer. “Everybody is waiting to see what’s going to happen with the Chinese/United States (trade) talks,” he said. Two days of high-level trade negotiations between […] Read more
ICE’s ticker symbol on display at the ICE-owned New York Stock Exchange in March 2016. (Photo: Reuters/Brendan McDermid)
Crops, Markets

ICE weekly outlook: Canola futures brace for harvest pressure

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CNS Canada — ICE Futures canola contracts continued to hang above the psychologically-important $500 per tonne mark during the week ended Wednesday, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose $2.10 during the week to $506.90 per bushel by Wednesday’s open. As […] Read more
ICE’s ticker symbol on display at the ICE-owned New York Stock Exchange in March 2016. (Photo: Reuters/Brendan McDermid)
Crops, Markets

ICE weekly outlook: Canola watching soy ahead of harvest

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CNS Canada — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, although the looming harvest and weakness in CBOT soybeans could weigh on values going forward. The November canola contract held above the psychological $500 per tonne level during the week, which should be providing decent opportunities for hedging, said commodities […] Read more

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