GFM Network News

ICE March 2021 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

ICE weekly outlook: Canola entering uncharted waters

MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola stuck in downward trend

CNS Canada — A downward trend in oilseed markets is likely to weigh on canola, one analyst says, as year-end trading has already scaled back prices. Since last week, ICE Futures Canada canola has lost $5.10 per tonne in its March contract, closing Wednesday at $503.60. “The big issue is we’ve got some year-end factors […] Read more