With the speculative fund selling and relatively decent crop conditions on the Canadian Prairies, a broker said canola futures have little option but to continue falling back.
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ICE Canada Weekly: Canola’s slide likely to continue
If dryness not alleviated, canola would turnaround
ICE canola weekly outlook: Uptrend intact despite selloff
Nov canola holds above 20-day moving average
ICE Futures canola fell from contract highs as summer officially began and wild swings in outside markets weighed on values. However, support held to the downside and the uptrend remained intact ahead of a pair of key reports that could provide some nearby direction.
ICE Canada Weekly: Canola poised to rise or fall
Weather, China could guide oilseed’s trajectory
Canola prices could shift up or down in the coming weeks due to uncertainty, said Jerry Klassen, analyst with Resilient Capital in Winnipeg
ICE Weekly: Low stocks, dry weather raising canola prices
Upcoming rains could pull prices back
Canola prices were on the rise for the week ended June 11 as depleted stocks and dry weather gave the markets a lift.
ICE canola weekly outlook: Weather to drive market
Conditions range from too dry to too wet
Weather conditions across the Canadian Prairies will likely be a major driver of the canola futures market in the weeks ahead, as attention shifts from the tight old crop supply situation to the prospects for the new crop.
ICE Canada Weekly: Canola to move with the weather
Announcement pending on 45Z biofuel tax credit
As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.
ICE Weekly: No end to July canola’s rise: trader
July canola may have more room to grow
A Winnipeg-based trader is very bullish on July canola, due to depleted stocks and ongoing export demand.
ICE canola weekly outlook: Biofuel optimism provides boost
Futures hit 18-month highs
ICE Futures canola contracts climbed higher during the week ended May 14, hitting their best levels in 18 months as proposed changes to biofuel policies in the United States lent support.
ICE canola weekly outlook: ‘Toppy’ market watching weather
Squeeze possible for old crop
Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.
ICE Weekly: Canola still higher despite resistance
July canola hits C$700/tonne mark, settles under it
Canola prices at the Intercontinental Exchange were higher during the week ended April 30, but not before the July contract reached the C$700/tonne level and closed under it.
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