ICE July 2023 canola with 20-day moving average and November 2023 canola (dark green line). (Barchart)

ICE weekly outlook: Canola finds support from funds, weather

Crude oil markets also a factor

MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more






A wheat crop in progress on May 24, 2016 north of London, Ont. (Ralph Pearce photo)

U.S. grains: Wheat, corn bounce on short-covering

Chicago | Reuters — U.S. wheat futures rose on Friday, supported by lingering concerns about crop damage in the U.S. Plains following a snow storm at the weekend. Short-covering also contributed to the wheat gains as traders covered bearish bets following a sell-off on Thursday. Corn futures also rose, with traders noting short-covering as a […] Read more