CNS Canada — Canola crush margins continue to deteriorate in Canada, and will likely get worse before they get better. Canola margins hit some of their worst levels “in three to five years” during Monday’s trading session, according to a trader. While the margins were off those lows by the close, he said the longer-term […] Read more
Canola crush margins deteriorating
ICE weekly outlook: Canola mixed after wild week
CNS Canada — ICE Futures Canada canola contracts ended narrowly mixed for the week ended Wednesday, but not before shooting above the $500 per tonne mark amid concerns over persistent dryness across a large portion of Western Canada. “If we don’t get those rains or if they’re disappointing then I think this thing is going […] Read more
ICE weekly outlook: Canola needs more fuel to keep rising
CNS Canada –– ICE Futures Canada canola contracts climbed sharply higher during the week ended Wednesday, but additional gains will need some more bullish news as the market takes a breather and consolidates. A combination of a rally in CBOT soyoil, a weaker Canadian dollar, fund buying and a weekend frost all contributed to the […] Read more
ICE weekly outlook: Weather to make or break canola market
CNS Canada –– ICE Futures Canada’s canola futures moved independently higher during the week ended Wednesday, ignoring weakness in the Chicago soybean market. The generally tight supply situation for canola, a weak Canadian dollar and worries about dry conditions damaging some crops in Western Canada underpinned canola. Dry conditions in parts of the western Prairies […] Read more
Canola crush margins deteriorating
CNS Canada — Canadian canola crush margins continue to drift lower and currently find themselves at some of their worst levels in over a year. Declining demand for canola oil, together with the fact that a lack of farmer selling is forcing processors to pay up to bring in canola seed, was behind some of […] Read more
ICE weekly outlook: Canola bias points higher
CNS Canada –– ICE Futures Canada canola contracts stayed mostly rangebound during the week ended Wednesday, before finishing $4 per tonne higher. “Funds are putting a long position on,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The most-frequently-traded July contract tested the $460 per tonne mark before backing off at the end of the […] Read more
ICE weekly outlook: Canola watching weather
CNS Canada –– ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, with small losses in the front months and gains in the more deferred positions. While activity remains somewhat subdued for the time being, any future moves will be highly dependent on weather conditions heading into the growing season. “The markets […] Read more
ICE weekly outlook: Canola to divorce from CBOT soy complex
CNS Canada — The ICE Futures Canada canola market was up sharply during the week ended Wednesday, following a rally in outside oilseed futures. Chicago soyoil futures led the way higher for oilseeds during the week, with some rumours of fresh export demand for U.S. soyoil floating around. Canola traders, however, are likely to shift […] Read more
ICE weekly outlook: Canola drifts downward in rangebound trading
CNS Canada –– ICE Futures Canada canola contracts chopped around in sideways trading during the week ended Wednesday, before settling slightly lower. Activity was volatile with values generally staying within a $10 range, analysts said. Gains in the U.S. soy complex were responsible for much of the support canola saw over the five-day period, along […] Read more
ICE weekly outlook: Canola rangebound, watching acreage
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund […] Read more
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