While the November contract fell below C$600 per tonne on June 26 for the first time since late February, it has since gained more than C$50 to close at C$652.70 on July 3. Earlier that day, the contract reached C$659.70, its highest level since June 7.
Tag Archives vegetable oils
ICE Weekly: ‘Soyoil scare’ fuels canola’s comeback
ICE weekly outlook: Canola futures looking for bottom
Crushing pace remains aggressive
MarketsFarm — ICE Futures canola contracts fell to their lowest levels in three and a half months during the week ended Wednesday, taking some direction from Chicago soyoil as harvest […] Read more
ICE weekly outlook: Don’t bank on $700 canola, analyst suggests
Fresh bullish news not yet in view
MarketsFarm — New-crop canola prices on ICE Futures seemed to be destined to remain well below $700 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. “The […] Read more
ICE weekly outlook: Trader sees canola topping $900 mark soon
Crush margins at 'very, very extreme levels'
MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior […] Read more
ICE weekly outlook: Canola sideways for now
MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their […] Read more
Indonesia palm oil production to rise, USDA attache says
MarketsFarm — There’s to be a small increase in palm oil production in Indonesia in 2022-23, according the U.S. Department of Agriculture’s attaché in Jakarta. The attaché pegged palm oil […] Read more
ICE weekly outlook: Canola futures bend under pressure
MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued […] Read more
CBOT weekly outlook: South American weather, labour issues prop up prices
MarketsFarm — Market participants on the Chicago Board of Trade expect agriculture commodity prices to continue to rise in 2021. Terry Reilly, a grains analyst with Futures International, said corn […] Read more
ICE weekly outlook: Canola steady at midweek
Spring seeding more or less underway
MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding […] Read more
ICE weekly outlook: Canola loses strength at midweek
MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil […] Read more
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