Ice Archives - Page 5 of 11

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Expensive canola required

By GFM Network News July 7, 2021

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more

ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

By GFM Network News June 24, 2021

MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more

ICE November 2021 canola (candlesticks) with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, soy complex weaken canola

By GFM Network News June 16, 2021

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola market pits weather against supplies

By GFM Network News June 9, 2021

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more

ICE July 2021 canola (candlesticks) with CBOT July 2021 soybeans (gold line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Bare shelves keep all eyes on weather

By Phil Franz-Warkentin, GFM Network News June 3, 2021

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in a week or two to […] Read more

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Swings ahead for canola

By GFM Network News May 27, 2021

MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the resulting moisture won’t rectify the […] Read more

ICE November 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Rain needed to bolster canola crop

By GFM Network News May 12, 2021

MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a […] Read more

ICE July 2021 canola (candlesticks) with Bollinger (20,2) bands and November 2021 canola (black line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s uptrend intact for now

By Phil Franz-Warkentin, GFM Network News May 6, 2021

MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper gains in the new-crop months, […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Challenging crop year ahead for canola

By GFM Network News April 28, 2021

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more

ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s uptrend still intact

By Phil Franz-Warkentin, GFM Network News April 22, 2021

MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish the task of curtailing demand,” […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

Tag Archives Ice

ICE weekly outlook: Expensive canola required

ICE weekly outlook: Weather, carryout support canola

ICE weekly outlook: Weather, soy complex weaken canola

ICE weekly outlook: Canola market pits weather against supplies

ICE weekly outlook: Bare shelves keep all eyes on weather

ICE weekly outlook: Swings ahead for canola

ICE weekly outlook: Rain needed to bolster canola crop

ICE weekly outlook: Canola’s uptrend intact for now

ICE weekly outlook: Challenging crop year ahead for canola

ICE weekly outlook: Canola’s uptrend still intact

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