Winnipeg – The ICE Futures canola platform chopped around for much of Friday’s session before ending with small gains. Traders were squaring positions before the weekend. Advances in U.S. soyoil pointed the way higher for canola. Concerns over frost in Australian canola fields and a smaller European rapeseed crop helped boost values. However, canola’s front-month […] Read more
Stories by Dave Simms (CNS)
CDN canola and wheat crops hiked in new production report
Statistics Canada raised its production estimates for most crops across Western Canada in its new production report, released Wednesday, Sep. 19. Unlike traditional reports that used information gathered from phone surveys, the model-based report was comprised of satellite imagery collected during the month of August. The report has only been in existence for a few […] Read more
Canola up slightly, soy drops lightly
The ICE Futures canola platform chopped around in a narrow trading range for much of Friday before ending with a small gain. Weather issues continue to be one of the main sources of support for the market, as cold, wet weather delays harvest efforts on the Prairies. Weakness in the Canadian dollar was bullish for […] Read more
Canola futures brace for harvest pressure
WINNIPEG – ICE Futures canola contracts continued to hang above the psychologically-important C$500 per tonne mark during the week ended Aug. 22, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose C$2.10 during the week to C$506.90 per bushel by Wednesday’s open. As […] Read more
Canola drops ahead of USDA report
Winnipeg – Canola contracts on the ICE Futures platform recorded modest losses Thursday, as traders booked profits. Tomorrow, the United States Department of Agriculture is scheduled to release its monthly supply and demand estimates, which many traders are expecting will be a bearish one for oilseeds in general. Ideas canola was overbought weighed on the […] Read more
Dry weather keeping canola from more downside
WINNIPEG – A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above C$525 a tonne in late June, but has since fallen to the C$490 mark as of July 18. Global trade disruptions and a […] Read more
