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Tag Archives ice — page 7

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola firm at midweek

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MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: ‘Demand-pull’ environment supports canola

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro. […] Read more
(MGEX.com)
Crops, Markets

Options market operator buys last independent U.S. grain exchange

MIH makes deal to buy Minneapolis' MGEX

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Chicago | Reuters — Options exchange operator Miami International Holdings (MIH) will acquire the 139-year-old Minneapolis Grain Exchange, the last independent U.S. grain exchange, the organizations said in a statement on Friday. Best known for its flagship hard red spring wheat futures contracts, the MGEX, founded as the Minneapolis Chamber of Commerce in 1881, will […] Read more
(Dave Bedard photo)
Crops, Markets

Fund traders still bearish on canola

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MarketsFarm — The managed money net short position in canola grew to nearly 50,000 contracts in the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 48,777 contracts (3,932 long/52,709 short), an increase of about 10,000 […] Read more
ICE July 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE: Canola weakens on fresh China concerns

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Chicago | Reuters — ICE Canada canola futures dropped on Tuesday after China, the top buyer, expanded its ban on Canadian canola seed imports. China’s ban now includes shipments from Viterra, the latest development in a wider trade dispute between the two countries. May canola futures ended $5 lower at $451.70 per tonne. The contract […] 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

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