ICE Futures canola contracts held within a narrow trading range during the week ended Feb. 6, as participants await some fresh market moving news. | File photo

ICE Canola Weekly Outlook: Farmers advised to price some new crop

Winnipeg – ICE Futures canola contracts held within a narrow trading range during the week ended Feb. 6, as participants await some fresh market moving news. While the sideways trading range could persist in the near term, an analyst said new crop futures were at decent levels and encouraged farmers to do some forward pricing. […] Read more

Canola stronger, but wheat drops

Winnipeg – ICE Futures canola contracts were stronger on Wednesday, as improving crush margins and chart-based speculative buying provided support. Chicago Board of Trade soyoil futures were up sharply on the day, while the Canadian dollar fell below 76 U.S. cents. Crush margins were supported as a result, which underpinned the canola market. However, the […] Read more

Large supplies weaken canola contracts

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, taking back most of Monday’s gains as confirmation of large supplies weighed on values. Statistics Canada reported record high canola stocks in the country as of Dec. 31, at 14.5 million tonnes. The burdensome stocks were generally in line with market expectations given the slow […] Read more


Canola holds stronger with soy support

Winnipeg – ICE Futures canola contracts were stronger on Monday, as gains in Chicago Board of Trade soyoil provided some support. Weakness in the Canadian dollar, solid demand from domestic crushers and supportive chart signals also underpinned the futures. However, ample supplies in the commercial pipeline kept a lid on the upside, according to participants. […] Read more

Canola ends week on uptick

Winnipeg — ICE Futures canola contracts settled with small gains on Friday, as end-of-the-week positioning helped the market move higher for the first time in five days. Optimism over improving trade relations between the United States and China gave the soybean market in Chicago a boost on Friday, with some of that buying interest spilling […] Read more


Oils, wheat weaker, awaiting trade news

Winnipeg – ICE Futures canola contracts were weaker on Thursday, after trading to both sides of unchanged in choppy activity. Canola posted gains in early activity, but that early speculative buying interest ran into chart resistance when the March contract touched the 50-day moving average, according to a trader. Continued strength in the Canadian dollar, […] Read more

Canadian canola exports fell farther behind the year-ago pace last week.  |  File photo

Diplomatic uncertainty still weighs on canola markets

Exporters are wary about future business, considering the ongoing diplomatic dispute between Canada and China

ICE Futures canola contracts trended higher over the course of the week ended Jan. 25 as the market saw a chart-based recovery off of the yearly lows hit the previous week. However, canola remains range-bound and sluggish overall, largely taking its influence from activity in the outside commodity and financial markets. Trade uncertainty kept a […] Read more

Canola softens ahead of U.S. China talks

Winnipeg – ICE Futures canola contracts were weaker on Wednesday, although activity was choppy as traders await fresh trade news. “Everyone is marking time,” said a trader, noting that participants were keeping a close eye on trade negotiations between the United States and China this week. Strength in the Canadian dollar accounted for some of […] Read more


Canadian chickpea acres will return to more normal levels in 2019, after a sizeable jump in 2018. However, while prices are off the highs that drove 2018 seeding intentions, they still could have some room to the upside over the next few months. | File photo

Canadian chickpea area to drop back to ‘normal’, prices may firm

Winnipeg – Canadian chickpea acres will return to more normal levels in 2019, after a sizeable jump in 2018. However, while prices are off the highs that drove 2018 seeding intentions, they still could have some room to the upside over the next few months. After seeding 442,900 acres of chickpeas in 2018, Canadian farmers […] Read more

Canola weaker; wheat lower

Winnipeg – ICE Futures canola contracts were weaker on Tuesday, although activity was thin and choppy as participants await some fresh direction. Losses in Chicago soybeans and soyoil accounted for some of the spillover selling pressure in canola, with bearish technical signals and poor export demand adding to the softer tone. The Canadian dollar held […] Read more