CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more
Tag Archives canola prices — page 8
ICE weekly outlook: Canola ‘stuck in neutral’
ICE weekly outlook: Sturdy canola watching weather
CNS Canada — Canola futures are trading at roughly the same level they were a month ago, but the commodity is looking much more expensive from an end-user’s perspective, as crush margins have lost about $25 per tonne since the middle of March. “The Canadian dollar has been going up and bean oil is making […] Read more
ICE weekly outlook: Canola futures linked to NAFTA
CNS Canada — ICE Futures Canada canola contracts zigged and zagged around the $520 per tonne mark during the week ended Wednesday — but one analyst says the market could really take a turn if and when the future of the North American Free Trade Agreement is clarified. “The Canadian dollar is already moving to […] Read more
ICE weekly outlook: Canola creeps toward $500
CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more
ICE weekly outlook: Cold-weather bump expected for canola
CNS Canada — The ICE Futures Canada canola complex is facing a slew of supportive and bearish factors as it slowly makes its way through the first part of January. Foremost on traders’ minds is a batch of reports set to be released by the U.S. Department of Agriculture on Friday. Already, there are ideas […] Read more
ICE weekly outlook: March canola fights to stay above $500
CNS Canada — As traders exit the trading floor ahead of the holidays, canola futures continue to chop around amid thin volumes. “More and more traders are stepping away from the market, either because of holidays or not wanting to have big positions on ahead of them,” said Keith Ferley of RBC Dominion Securities in […] Read more
ICE weekly outlook: Canola holds rangebound with bearish StatsCan data
CNS Canada — Canola contracts on the ICE Futures Canada complex stayed mostly rangebound during the week ended Wednesday, even as sharp fluctuations in the Canadian dollar and a bearish Statistics Canada report impacted the market. StatsCan on Wednesday released its final production estimates of the year, projecting canola production in 2017-18 at 21.3 million […] Read more
ICE weekly outlook: Canola futures wait on report
CNS Canada — ICE Futures Canada canola traders may already be looking ahead to the release of Statistics Canada’s next production estimates, as lacklustre trading amid the holiday season leaves investors searching for direction. StatsCan is scheduled to release its final principal field crop report of the year on Dec. 6. The report is usually […] Read more
ICE weekly outlook: Canola looks to soyoil wildcard
CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
ICE weekly outlook: Canola flat, awaiting spark
CNS Canada — ICE Futures Canada canola contracts held within a narrow $5 range over the past week, lacking any significant fundamental news one way or the other as market participants look for direction. “There’s just no news in the market,” said analyst Wayne Palmer of Agri-Trend. He thought prices would eventually move higher, but […] Read more
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