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Tag Archives ice futures — page 3

(File photo by Dave Bedard)
Crops, Markets

Funds flip back to net short in canola

Trade remains net long in soybeans, for now

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MarketsFarm — The overall fund position in ICE Futures canola flipped from a net long to a net short during the week ended Tuesday, marking the first net short position in the commodity in just over two months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Which way will canola go?

Basis levels have recently improved

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MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per […] Read more
(Dave Bedard photo)
Crops, Markets

Fund long position drops in canola

Net long in CBOT soybeans also down on week

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MarketsFarm — Fund traders have been busy liquidating long positions and putting on new bearish canola bets in early September. The net managed money long position in the ICE Futures market dropping sharply during the week ended Tuesday (Sept. 12), according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission […] Read more
ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

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MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Little downside for canola, trader says

'I wouldn’t look for a big collapse'

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MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
(File photo by Dave Bedard)
Crops, Markets

Fund long position edges higher in canola

Net long in CBOT soybeans down on week

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MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more
ICE November 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Harvest pressure, farmer selling to guide canola

New StatCan figures 'right around expectations'

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MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more
(File photo by Dave Bedard)
Crops, Markets

Fund long position holds steady in canola

Net long in CBOT soybeans down on week

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MarketsFarm — The managed money long position in canola held relatively steady during the week ended Aug. 8, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 8, the net managed money long position in canola futures came in at 23,753 contracts (49,339 long, 25,856 […] Read more
ICE November 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola prices ‘cheap’ but rangebound

Trade also watching U.S. soy complex

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MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more

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