Speculation pushes canola to five-month low

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, with the November contract settling at its lowest level in five months as some stops were hit and speculators added to their growing net short positions. Ideas that canola was looking expensive compared to other oilseeds contributed to the selling pressure, as the losses in […] Read more

Selloff drives grain futures lower

Winnipeg – ICE Futures canola contracts were lower on Monday, taking back much of Friday’s gains as a selloff in Chicago Board of Trade soybeans weighed on prices. Speculators were noted sellers, booking profits to start the week as global trade concerns were overhanging the agricultural markets. However, canola lagged soybeans to the downside. Hot […] Read more

Weaker dollar boosts canola

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, as weakness in the Canadian dollar helped the market recover from earlier declines. The Canadian dollar lost more than half a cent relative to its United States counterpart, boosting crush margins and making exports more attractive to international buyers. Ideas that recent […] Read more


Canola dips again

  Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from a downturn in Chicago Board of Trade soybeans. Bearish technical signals contributed to the declines, with some stops hit on the way down as prices dipped below nearby support. Relatively favourable North American crop conditions also weighed […] Read more

Rain dampens canola futures

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were mostly lower on Thursday, as recent rainfall across much of Western Canada had investors taking some of the weather premiums out of the futures. The improving moisture conditions also encouraged some farmer selling, according to traders. Losses in Chicago Board of trade soybeans and soyoil […] Read more


Canola, soy trend in different directions

Winnipeg – ICE Futures Canada canola contracts were stronger on Tuesday, largely ignoring a downturn in the Chicago Board of Trade soy complex. The losses in soybeans were tied to renewed concerns over the trade dispute between China and the United States, with any issues between those two countries possibly opening the door for more […] Read more

Canola retreats from gains

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Friday’s close, retreating from earlier gains with losses in the nearby July contract and strength in the new crop months. Positioning ahead of the long weekend was a feature, as Canadian markets will be closed for Victoria Day on Monday while markets […] Read more

Canola higher, Soybeans drop

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a modest recovery after Wednesday’s declines. Gains in Chicago Board of Trade soyoil provided some spillover support for canola, although soybeans were lower. There were some ideas circulating the market that looming Chinese tariffs on U.S. soybeans were shifting some oilseed […] Read more


Canola strong despite dryness

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Tuesday, with weakness in the Canadian dollar behind some of the strength. Dryness concerns across much of the Prairies were also supportive. Many areas are in need of moisture, but there is little in the nearby […] Read more

Canola holds; soybeans up

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled near unchanged in the most active months on Monday, retreating from earlier gains as the market ran into technical resistance. Gains in Chicago Board of Trade soybeans provided support for most of the session, but soyoil futures were softer on the day. Forecasts calling for […] Read more