GFM Network News



ICE November 2020 canola with 20-, 100- and 200-day moving averages. (Barchart)

Canola futures testing chart resistance

November canola briefly topped $480 Monday

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












January 2017 canola, including 20-day moving average and (in separate graph at bottom) RSI, from June through to Nov. 24, 2016. (Barchart.com)

Canola nearing chart resistance

CNS Canada –– ICE Futures Canada canola contracts have trended higher for the past two weeks, with a rally in Chicago Board of Trade soyoil providing an added boost on Wednesday. While the nearby technical signals may be pointing higher, canola is also nearing major chart resistance. The January contract closed Thursday at $527.40 per […] Read more