ICE Futures Archives | Alberta Farmer Express

ICE weekly outlook: Canola facing resistance ahead of harvest

By Phil Franz-Warkentin, GFM Network News 8 hours ago

MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, signalling that the top may be in for the time being as the harvest gets started. “There’s clearly been a shift in canola,” Ken Ball of PI Financial in Winnipeg said of the move away from the early August […] Read more

Canola, Crops, Markets

Managed money’s net long position grows in canola

By Phil Franz-Warkentin, GFM Network News 5 days ago

MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more

Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

By Glen Hallick - MarketsFarm, GFM Network News August 6, 2020

MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola under pressure at midweek

By Marlo Glass – MarketsFarm, GFM Network News July 22, 2020

MarketsFarm — Canola contracts have received considerable pressure from outside sources, but held above $480 per tonne this week. Ken Ball of P.I. Financial in Winnipeg expected canola to be down by $6-$10, but nearby contracts closed lower by about a dollar at $483.60 per tonne. Ball referred to weakness in Chicago soyoil, along with […] Read more

Canola, Crops, Markets

Funds covering short positions in canola

By Phil Franz-Warkentin, GFM Network News July 18, 2020

MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more

Canola, Crops, Markets

ICE weekly outlook: Higher loonie, lower canola

By Glen Hallick - MarketsFarm, GFM Network News July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the […] Read more

Canola, Crops, Markets

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

By Phil Franz-Warkentin, GFM Network News July 14, 2020

MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola nears resistance

By Phil Franz-Warkentin, GFM Network News July 9, 2020

MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You can’t discount at least the […] Read more

Canola, Crops, Markets

Canola futures testing chart resistance

November canola briefly topped $480 Monday

By Phil Franz-Warkentin, GFM Network News July 7, 2020

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

By Marlo Glass – MarketsFarm, GFM Network News July 3, 2020

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

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U.S. investor to buy Prairie canola ‘streaming’ firm

ICE weekly outlook: Canola facing resistance ahead of harvest

GFM Network News

Mexico to phase out use of glyphosate

U.S. investor to buy Prairie canola ‘streaming’ firm

ICE weekly outlook: Canola facing resistance ahead of harvest

Tag Archives ICE Futures

ICE weekly outlook: Canola facing resistance ahead of harvest

Managed money’s net long position grows in canola

ICE weekly outlook: Weaker U.S. dollar ripples into canola

ICE weekly outlook: Canola under pressure at midweek

Funds covering short positions in canola

ICE weekly outlook: Higher loonie, lower canola

Canola fund short position smallest in six months

ICE weekly outlook: Canola nears resistance

Canola futures testing chart resistance

ICE weekly outlook: Canola stronger after Canada Day

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