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Canola

Canola, Crops, Markets

Canola futures testing chart resistance

November canola briefly topped $480 Monday

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MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to briefly trade above the psychological […] Read more
Canola, Crops, Markets

ICE weekly outlook: Canola stronger after Canada Day

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MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more
Canola, Crops, Reuters

Huawei CFO’s extradition hearing to stretch into 2021

Judge approves extended schedule sought by lawyers

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Reuters — Hearings on Huawei chief financial officer Meng Wanzhou’s extradition to the U.S. from Canada will extend into late April 2021, according to documents released by a British Columbia court on Tuesday. Meng was arrested in December 2018 by Canadian authorities at the Vancouver International Airport on a U.S. warrant from the charging her […] Read more
Canola, Crops, Reuters

Pompeo urges China to release two detained Canadians

U.S. Secretary of State calls charges 'groundless'

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Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors […] Read more
Canola, Crops, Markets, Weather

ICE weekly outlook: Attention on weather after short-covering rally in canola

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MarketsFarm — ICE Futures canola contracts have recovered off of lows hit at the beginning of the month, with speculative short-covering a feature as attention in the markets turns to North American growing conditions. While canola ran into some resistance Wednesday, there may still be more room to the upside. Canadian canola is at a […] Read more

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