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Canola

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Canola, Markets

ICE weekly outlook: Canola scale-up selling to temper gains

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Reading Time: < 1 minute MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for much of the recent strength […] Read more
Photo: Thinkstock
Canola, Markets

Managed money backing out of bearish canola bets

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Reading Time: < 1 minute MarketsFarm – Fund traders were backing out of bearish bets in canola while actively putting on new longs during the week ended July 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
(Brazzo/iStock/Getty Images)
Canola, Crops, Markets, Soybeans

Canola crush edges up, soybean crush falls

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Reading Time: < 1 minute MarketsFarm — As the amount of canola crushed in Canada increased slightly in June, the soybean crush was down significantly, according to the latest monthly report from Statistics Canada. The federal agency on Thursday released crushing statistics for major oilseeds, which showed 864,559 tonnes of canola crushed in June, up 1.12 per cent from the […] Read more
Winter canola has some challenges but could provide growers with another rotation option for corn and soybeans.
Canola, Crops

Winter canola could be your next ‘third crop’

Winter canola opens the door to late-summer planting, double cropping and longer rotations

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Reading Time: 5 minutes Growers across much of southern Ontario have long been on the lookout for another “third crop.” The standard is winter wheat, but in the past few years, more growers have felt pinched by everything from its crop prices to poor planting conditions in the fall. If they don’t have another option, it isn’t for lack […] Read more
ICE November 2020 canola (candlesticks) with 20-day moving average (yellow line) and CBOT August 2020 soyoil (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola under pressure at midweek

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Reading Time: < 1 minute MarketsFarm — Canola contracts have received considerable pressure from outside sources, but held above $480 per tonne this week. Ken Ball of P.I. Financial in Winnipeg expected canola to be down by $6-$10, but nearby contracts closed lower by about a dollar at $483.60 per tonne. Ball referred to weakness in Chicago soyoil, along with […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Funds covering short positions in canola

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Reading Time: < 1 minute MarketsFarm — Fund traders continued to bail out of short positions in canola during the week ended July 14, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in July 14 at 23,113 (9,650 long/32,763 short), […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

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Reading Time: < 1 minute MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more
ICE November 2020 canola with 20-, 50- and 200-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola nears resistance

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You can’t discount at least the […] Read more

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