A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
ICE Weekly: Tariff threats linger over canola market
Trump tariffs could sink canola prices
Tariff threats from United States President Donald Trump have the canola market on edge.
ICE Canada Weekly: Canola facing ‘extreme uncertainties’ says trader
Excluded from U.S. biofuel tax credits, facing tighter supplies
The path canola is to take as January turns to February has been marked by “extreme uncertainties,” explained broker Ken Ball of Ventum Financial in Winnipeg.
ICE canola weekly outlook: Outside forces supportive
ICE Futures canola market traded within a wide range during the week ended Jan. 15, hitting its strongest levels since November at one point before backing away from those highs.
ICE Weekly: No news means no canola price movement
A lack of significant news has prevented canola prices at the Intercontinental Exchange to break out of its recent trading range to start 2025.
ICE canola weekly outlook: U.S. biofuel uncertainty weighs
The ICE Futures canola market fell sharply lower during the week ended Dec. 18, as bearish technical signals and losses in the Chicago soy complex weighed on values.
ICE Canada Weekly: Canola could enter narrow range
Soyoil, loonie, StatCan report among supportive factors
As the turnaround in canola continued, analyst said there are three factors underpinning the swing upward. David Derwin, commodities futures advisor for Ventum Financial in Winnipeg, pointed to the gains made by soyoil futures on the Chicago Board of Trade, the weakening of the Canadian dollar, and the reduction in the canola harvest made by Statistics Canada.
ICE canola weekly outlook: Politics driving trade
The ICE Futures canola market climbed off nearby lows over the week ended Dec. 4, although the correction ran into resistance and values remain at the whim of outside forces.
ICE canola weekly outlook: Futures drop as demand fades
The ICE Futures canola market dropped to its lowest levels in a month on Nov. 20, with future moves likely dependent on what happens in outside markets.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
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