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Canola Trading
Canola Market Defined and ExplainedWithin the grain trading market, Canola is a trademarked name of the rapeseed plant from which rapeseed oil is obtained. Canola is part of the larger oilseed complex and, like soybeans and some other oilseeds, is crushed into two component parts: oil and meal. Canola was developed specifically for its nutritional qualities, particularly its low level of saturated fat, and is rich in vitamin E and a good source of omega-3 fatty acids, making it a premium, healthy, food oil. Canola oil is also an important feedstock for the growing biodiesel market. Canola Prices & RatesICE Futures Canada Inc., formerly the Winnipeg Commodity Exchange and now a division of the Intercontinental Exchange, facilitates trading in the worlds only canola futures and options contracts.
Canola TradeNAFTA and CUSTA both carry their own limitation and tariff structures on canola trading. Traders must be cognizant of Canola price structures if imports increase dramatically during the life of a contract. Canola Trading News SourcesMultiple organizations offer research, news and information about Canola and the Canola Industry. Some of these include ICE Futures Canada, Canola Council of Canada, Northern Canola Growers Association as well as the U.S. Department of Agriculture and agricultural organizations in Australia and the worlds major edible oil publication, Oil World. Canola Trading InformationCanada is the worlds leader in the production and export of Canola. Once considered only a specialty crop in Canada, canola has become a North American cash crop as well. Canada and the United States produce between 7 and 10 million metric tons of canola seed per year. The United States is also a net consumer of canola oil. Other major customers of canola seed include Japan, Mexico, China and Pakistan. According to the USDA, North Dakota produces more than 90% of the canola in the United States. Canada exports more than 70 percent of its Canola production around the world, making canola trading a truly international market. Canola Trading TipsCanola is an edible oil and must compete with all of the other edible oil sources in the world, including soy oil, peanut oil, sunflowerseed oil, etc. So canola traders need to be aware of what is happening in the soybean market especially and, to a lesser extent, the other edible oils. Awareness of consumer preferences for various sources of vegetable oil can also affect the demand outlook. Canola Trading HistoryCanola is now the second largest oilseed crop in the world, according to the USDA. Canola has been grown as a crop in the United States since World War II, yet canola is still considered a new crop in the United States because of its relatively short history in U.S. farming. Turnip, rutabaga, cabbage, Brussels sprouts, and many other vegetables are related to the two canola species. In the United States, canola is generally a spring-planted crop. Major production areas include the Northern Plains and the Pacific Northwest with very limited production in other regions. Breaking News
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* VantagePoint's accuracy statistics were computed on out-of-sample price data utilizing neural networks trained on both single market and intermarket data and relate to the Neural Index which indicates whether the average of tomorrows typical price and the typical price of the day after tomorrow (both unknowns at this time) are expected to be higher or lower than the average of yesterday's typical price and the typical price of the day before yesterday. The numerical value of the Neural Index, either a one (1) or a zero (0) thereby indicates whether or not the trend direction is expected to be higher or lower for each target market over the next two days. A Neural Network accuracy statistic of 80% does not mean that eight out of ten trades will be winning trades. VantagePoint is not a trading system that gives the same specific buy and sell signals to all users. It is a technical forecasting tool that is comprised of proprietary forecasting indicators that apply neural networks to market data for the purpose of finding patterns and relationships between markets and then using this information to make futuristic forecasts. Using these indicators each trader determines his or her own entries, exits and stop placements which may vary from those of other traders due to differences among traders in trading style, objectives, risk propensity, account size and number of contracts involved, thereby producing different trading results from one trader to another. Futures and options trading involves risk, is not for every trader, and only risk capital should be used. For more detailed information, please read our Important Disclaimer, Privacy Policy, and Software License Agreement. |
