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Tag Archives ice futures — page 33

(Dave Bedard photo)
Crops, Markets

Fund short position climbs in canola

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MarketsFarm — Fund traders were active in the ICE Futures canola market during the week ended Tuesday, adding to their large net short position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators increased their net […] Read more
(File photo by Dave Bedard)
Crops, Markets

Fund short position rises in canola

By
MarketsFarm — Fund traders added to their net short position in ICE Futures canola contracts during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). After being delayed by the U.S. government shutdown, the CFTC was finally up to date with its […] Read more
ICE May 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: China worries keep market trending down

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MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more
ICE May 2019 canola with Bollinger (20,2) bands. (Barchart)
Crops, Markets

ICE weekly outlook: More losses likely for soft canola

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ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more
ICE May 2019 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Oversold canola still fundamentally bearish

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ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more
ICE March 2019 canola futures with Bollinger (20,2) bands. (Barchart)
Crops, Markets

ICE weekly outlook: Canola grinding lower

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ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] 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

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