ICE weekly outlook: More losses likely for bearish canola

CNS Canada — ICE Futures Canada canola contracts posted large losses during the week ended Wednesday, and could be headed even lower, as bearish technicals and weakness in global economic markets outweigh supportive fundamentals. “We’re going into a seasonally slower demand period,” said Errol Anderson of ProMarket Communications. A downgrade of China’s credit by Moody’s […] Read more





Canola chart turns neutral to bearish

CNS Canada –– The ICE Futures Canada July canola contract has run into resistance from a chart standpoint and nearby technical signals look neutral to bearish. The contract fell from two-month highs the past two sessions, settling right at the 20-day moving average Thursday around $518 per tonne. Prior to Wednesday’s selloff the contract was […] Read more




(Dave Bedard photo)

ICE weekly outlook: Rising canola watching weather

CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as weather concerns mounted across the Canadian Prairies. While it’s still early in the Canadian planting season, persistent cool and wet conditions in many areas could lead to delays, said Mike Jubinville of ProFarmer Canada. Uncertainty over how much canola […] Read more


May 2017 canola futures chart.

A price chart is worth a thousand words

What can we learn from a look back at this May 2017 canola futures chart?

I was looking at this May 2017 canola futures charts the other day to remind myself just how much we can learn from them. It is a lot easier to figure out the trends and patterns on a chart after they’ve happened than it is to decipher what will happen while it is happening. Cyclical […] Read more