CNS Canada — The ICE Futures Canada canola market faces a slew of uncertainty as political turmoil in international trade markets and a looming report from Statistics Canada keeps traders guessing where the market is headed. “The craziness of the White House is the main focus. How will it affect the markets?” said Keith Ferley […] Read more
ICE weekly outlook: Canola seeks rain amid market turmoil
ICE weekly outlook: Canola facing uncertainty
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more
Canola technicals turn bearish
CNS Canada — ICE Futures Canada canola contracts settled at their weakest levels in nearly three months on Thursday, with more room to the downside as the technical bias has shifted lower. After hitting contract highs within the past two weeks, the canola market has found itself in a steady downtrend. The nearby July contract […] Read more
ICE weekly outlook: Canola braces for turbulence
CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
ICE weekly outlook: Seasonals to weigh on canola
CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more
ICE weekly outlook: Weather, U.S./China relations influence canola
CNS Canada — Traders’ attention at the ICE Futures Canada canola market has now turned to western Canadian weather and news south of the border. While there was a reprieve from the drought over the last week, with rain falling in parts of Western Canada, large areas missed out on the moisture. More rain is […] Read more
ICE weekly outlook: Canola still stuck in neutral
CNS Canada — The ICE Futures Canada canola market held rangebound during the week ended Wednesday, hitting some of its best levels of the past month before retreating to hold within a well-established trading range. “We’ve been in a $50 range in canola going back quite a few years,” said David Derwin, commodities investment advisor […] Read more
ICE weekly outlook: Canola waits on stocks data
CNS Canada — ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds are due to be released. The U.S. Department of Agriculture is set to release its May supply and demand report on […] Read more
ICE to move canola trade to U.S. exchange
The business of trading and clearing canola futures is poised to leave Winnipeg for New York City this summer. Atlanta-based Intercontinental Exchange (ICE), the operator of canola exchange ICE Futures Canada, announced Tuesday it will be “transitioning” the trading and clearing of canola contracts to New York-based ICE Futures U.S. and ICE Clear U.S. ICE […] Read more
ICE weekly outlook: Canola ‘stuck in neutral’
CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more
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