CNS Canada — The ICE Futures Canada canola complex is facing a slew of supportive and bearish factors as it slowly makes its way through the first part of January. Foremost on traders’ minds is a batch of reports set to be released by the U.S. Department of Agriculture on Friday. Already, there are ideas […] Read more
ICE weekly outlook: Cold-weather bump expected for canola
ICE weekly outlook: March canola fights to stay above $500
CNS Canada — As traders exit the trading floor ahead of the holidays, canola futures continue to chop around amid thin volumes. “More and more traders are stepping away from the market, either because of holidays or not wanting to have big positions on ahead of them,” said Keith Ferley of RBC Dominion Securities in […] Read more
Bearish chart signals keep canola pointed lower
CNS Canada — Canola contracts on the ICE Futures Canada platform have lost roughly $30 per tonne over the past month and have more room to the downside from a chart standpoint. The nearby January contract settled Monday at $491.20 per tonne, just above the September low of $489.50. A break below that point would […] Read more
Canola study on Alzheimer mice seen as ‘huge stretch’
Upon review, a U.S. study of what happened to mice bred for Alzheimer’s symptoms when canola oil was added to their diet doesn’t translate to a risk for people, researchers and the Canola Council of Canada say. The mouse study, which was published last week by researchers from Temple University in Philadelphia, examined mice genetically […] Read more
ICE weekly outlook: Canola sliding lower
CNS Canada — ICE Futures Canada canola contracts have trended lower for the past month and still have some more room to the downside heading into the New Year, according to an analyst. “I think we’ll go lower,” said Errol Anderson, of ProMarket Communications in Calgary, citing a number of bearish factors. Activity in the […] Read more
Study finds canola oil unhelpful against Alzheimer’s in mice
A U.S. study of mice genetically engineered to model Alzheimer’s disease has found those on a diet rich in canola oil were more prone to certain markers of the disease than the same type of mice on regular chow. The Canola Council of Canada, the value-chain industry group for the world’s top canola-exporting country, said […] Read more
ICE weekly outlook: Canola holds rangebound with bearish StatsCan data
CNS Canada — Canola contracts on the ICE Futures Canada complex stayed mostly rangebound during the week ended Wednesday, even as sharp fluctuations in the Canadian dollar and a bearish Statistics Canada report impacted the market. StatsCan on Wednesday released its final production estimates of the year, projecting canola production in 2017-18 at 21.3 million […] Read more
Big stakes and big risks in Trans-Pacific trade talks
Canola and beef sectors say there’s no middle ground — reaching a deal will be a huge win and failure will be ‘a really bad scenario’
Reading Time: 4 minutes Without a new Trans-Pacific Partnership deal, two ag sectors won’t just miss out on multimillion-dollar opportunities — they’ll take a major hit in key Asian markets, say canola and beef officials. “There are some really clear benefits for Canada here in terms of growth potential, but also some very serious consequences if we don’t move […] Read more
ICE weekly outlook: Big canola supply counters big demand
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in a month earlier this week, but appear to have found some support from a chart standpoint. Solid demand on the one hand is being countered by large supplies on the other. “The demand component is powerfully strong,” said Mike Jubinville of […] Read more
ICE weekly outlook: Canola futures wait on report
CNS Canada — ICE Futures Canada canola traders may already be looking ahead to the release of Statistics Canada’s next production estimates, as lacklustre trading amid the holiday season leaves investors searching for direction. StatsCan is scheduled to release its final principal field crop report of the year on Dec. 6. The report is usually […] Read more