The ICE Futures canola market traded within a wide C$30 per tonne range during the first week of November, with the nearby price trends pointing sideways.
ICE canola outlook: Sideways trade as resistance counters support
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.
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 canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
ICE Canada Weekly: Canola’s turnaround a ‘gift’ says broker
The turnaround in canola futures on the Intercontinental Exchange indicates canola traders are ignoring issues with China and the strike among Port of Vancouver grain workers.
ICE canola weekly outlook: Contracts hovering above lows
The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.
ICE Weekly: StatCan report puts a stop to canola’s rally
Canola prices at the Intercontinental Exchange (ICE) were on the rise for most of the week ended Aug. 28, until the release of Statistics Canada’s (StatCan) production estimates for the 2024-25 crop year on Aug. 28.
ICE Canada Weekly: Little confidence in AAFC, StatCan reports
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
ICE canola weekly: Dropping with soy complex
The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
ICE Weekly: Canola could go lower despite correction
Canola futures at the Intercontinental Exchange (ICE) followed the lead of vegetable oils during the first trading week of August, posting sharp losses despite seeing a modest correction on Aug. 7.
Cyber-Savvy Farmer
