Canola hits new 15-month low

ICE Futures canola contracts were mostly lower on Wednesday, with the most active months hitting their weakest levels since August 2017 as speculative selling weighed on values. Some of the activity tied to spreading against Chicago Board of Trade soybeans, which were higher on the day. The settlement below C$480 per tonne in the January […] Read more

Small drop for canola; wheat fairly steady

ICE Futures canola contracts were weaker on Thursday, although the market finished well off its session lows as traders reacted to activity in the Chicago Board of Trade soy market. Updated supply/demand numbers from the United States Department of Agriculture were bearish for soybeans, and early selling pressure there spilled into canola. Large supplies in […] Read more

Canola strengthens; wheat closes lower

ICE Futures canola contracts strengthened on Thursday, as the market recovered off of major chart support. Speculators covering short positions and end users taking advantage of bargain prices accounted for some of the buying interest in canola, according to participants. A slowdown in seasonal hedge pressure and gains in Chicago Board of Trade soyoil were […] Read more


Small losses for canola; wheat stronger

ICE Futures canola contracts posted small losses on Tuesday, but finished well off their lows for the session as support held to the downside. Bearish technical signals sent the most active January contract to a session low of C$480 per tonne in early activity, but oversold price-sentiment and an increase in end user demand helped […] Read more

Canola funds maintain net long position

Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders(CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators moved to a […] Read more


Canola holds; soy, wheat drop

ICE Futures canola contracts settled narrowly mixed on Thursday, seeing some consolidation after recent losses after trading to both sides of unchanged throughout the session. Losses in Chicago soybeans and the advancing Canadian harvest did put some pressure on values. The latest crop report out of Saskatchewan released earlier in the day showed farmers there […] Read more

Good harvest weather pushes canola down

ICE Futures canola contracts were down sharply on Wednesday, finishing just above major chart support as good harvest weather and bearish technical signals weighed on values. Sunny and dry weather across much of Western Canada should allow farmers to make good harvest progress, although the yields and quality of the later-harvested fields remains to be […] Read more

Harvest movement affects canola

ICE Futures canola contracts were lower on Tuesday, as seasonal harvest pressure and bearish technical signals weighed on prices. Sunny and dry conditions across most of Western Canada were allowing farmers to make good harvest progress, with the resulting hedge pressure finding its way into the futures market. Chart-based speculative selling contributed to the declines, […] Read more


Soy stronger, canola holds steady

Winnipeg – ICE Futures canola contracts finished near unchanged on Thursday, as bearish technical signals and improving harvest weather was countered by spillover support from advances in Chicago Board of Trade soybeans. While cool and wet conditions continue to cause concerns across Western Canada, the forecasts are looking more favourable over the next week and […] Read more

Canola loses increases, soy down too

Winnipeg – ICE Futures canola contracts were weaker on Wednesday, as bearish chart signals and spillover from declines in the Chicago Board of Trade soy complex weighed on values. While cool and wet conditions continue to cause harvest delays across the Prairies, farmer deliveries were showing signs of picking up which brought some hedge pressure […] Read more