ICE May 2019 canola with 20- and 50-day moving averages. (Barchart)

ICE weekly outlook: Oversold canola still fundamentally bearish

ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more



ICE January 2019 canola (yellow) and CBOT January 2019 soybeans (green). (Barchart)

ICE weekly outlook: Canola at mercy of U.S. soy

CNS Canada — The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and U.S. President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings… we are getting […] Read more




ICE’s ticker symbol on display at the ICE-owned New York Stock Exchange in March 2016. (Photo: Reuters/Brendan McDermid)

ICE weekly outlook: Canola watching soy ahead of harvest

CNS Canada — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, although the looming harvest and weakness in CBOT soybeans could weigh on values going forward. The November canola contract held above the psychological $500 per tonne level during the week, which should be providing decent opportunities for hedging, said commodities […] Read more



(Dave Bedard photo)

ICE weekly outlook: Canola facing uncertainty

CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more



ICE Futures Canada’s head office in Winnipeg. (Dave Bedard photo)

ICE weekly outlook: Seasonals to weigh on canola

CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more