ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the […] Read more


ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever […] Read more






(File photo by Dave Bedard)

Funds’ net short position growing in canola

CNS Canada –– Speculators added to their net short positions in canola during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more



(File photo by Dave Bedard)

Canola funds bail out of short positions

CNS Canada –– Large speculative traders bailed out of short positions in canola and picked up some new longs during the week ended Tuesday, cutting their net short position sharply, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their […] Read more

(Dave Bedard photo)

Canola speculators cover shorts

CNS Canada — Large speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, cutting their net short position roughly in half, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their net short position […] Read more