Reading Time: 2 minutes With tariff threats looming over Canadian canola, Chinese buyers are front loading their purchases.
Tariff fears trigger Chinese buying
With this spectre looming over Canadian canola, Chinese buyers are front loading their purchases
ICE Weekly: Malaysian palm oil supports canola prices
Rising Malaysian palm oil prices gave canola prices a lift during the week ended Oct. 30, 2024.
Canola goes bullish
A few factors have lined up to improve the outlook for canola
Reading Time: 2 minutes Canola futures markets have improved by about $100 per tonne over the past month, trading in mid-October at their highest levels since the end of July.
Production concerns drive canola market
Output likely below StatCan estimate but StatCan and USDA remain stubbornly optimistic
Reading Time: 2 minutes An analysis of the factors pushing Intercontinental Exchange canola futures upward.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
ICE Weekly: Canola downturn could last longer
The Intercontinental Exchange (ICE) Futures canola market tried to salvage what it can at the end of July after a sharp downturn in prices over the past week.
ICE Canada Weekly: Canola likely to fall back
The Canadian oilseed began to pull back on July 8 as it became caught up in a selloff in the global oilseed market. The November contract finished at C$658.20 per tonne on July 5, gaining more than C$31 on the week. However, by the close on July 10, that contract dropped to C$617.90.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
ICE Weekly: More room to the upside for canola
After the May contract on the Intercontinental Exchange (ICE) fell to its lowest level in two-and-a-half weeks, at C$615.70 per tonne on March 28, it jumped to rise above C$645 on April 2. However, the contract closed C$10 below their daily highs on both April 2 and 3.
Cyber-Savvy Farmer
