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Canola

ICE January 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rangebound canola vulnerable to losses

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and may have more room to the downside, despite persistent harvest delays across Western Canada. “Overall, we’re still rangebound, but we’re going to the lower part of the trading window,” said analyst Errol Anderson of Pro Market Communications in Calgary. “Canola is […] Read more
An excavator works on Parliament Hill on the morning of Oct. 22, 2019, the day after the federal election. (Photo: Reuters/Patrick Doyle)
General, Markets

Industry reacts to divided vote, minority government

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Reading Time: 2 minutes Ottawa — A regionally divided federal election resulting in a minority Liberal government leaves a clear challenge for Prime Minister Justin Trudeau and his caucus colleagues on how to handle the future of agriculture. Trudeau said clearly in his victory speech Monday night that Alberta and Saskatchewan are part of the country and will be […] Read more
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola crush margins double year-ago level

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Reading Time: < 1 minute MarketsFarm — Canola crush margins have shown considerable improvement in recent weeks — a sign the commodity is looking cheap compared to its product values. As of Monday, the Canola Board Crush Margin calculated by ICE Futures U.S. was about $100 above the November contract — a figure up by $10 over the past month […] Read more
Marie-Claude Bibeau, Luc Berthold and Alistair MacGregor all held their seats in the Oct. 21, 2019 federal election. (Dave Bedard photos; MacGregor video screengrab from AlistairMacgregor.ndp.ca)
General

Voters return Canada’s agriculture minister, ag critics

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Reading Time: 2 minutes Canada’s incumbent minister of agriculture and agri-food and all three of her opposition critics in the House of Commons held their seats in Monday night’s federal election. As of about 2 a.m. CT on Tuesday, Justin Trudeau’s Liberals held onto power in a minority government with 157 of 338 seats, ahead of Andrew Scheer’s Conservatives […] Read more
(Natt Boonyatecha/iStock/Getty Images)
Crops, Machinery

Grains, oilseeds not included in Greens’ plans for biofuel

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Reading Time: 3 minutes The federal Green Party’s plan to move Canada to zero emissions by 2050 supports the near-term use of plant-based biofuels — “but not from food that could otherwise feed Canadians.” Ahead of Monday’s federal election, the party released a climate action plan dubbed “Mission: Possible” that would ban the use of internal combustion engines in […] Read more
Ag Minister Marie-Claude Bibeau speaks at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)
General, Markets

Future of ag policy remains unclear ahead of election

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Reading Time: 3 minutes Ottawa – If polls and pundits are to be believed, Monday’s federal election will result in a minority government — meaning no single party would alone be dictating the immediate future of agricultural policy in Canada. While the true results won’t be known until Monday night, most pollsters are speculating either a Conservative or Liberal-led […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canadian canola deliveries hit weekly record

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Reading Time: < 1 minute MarketsFarm — Canadian farmers made record deliveries of canola into the commercial pipeline during the second week of October, according to the latest Canadian Grain Commission data. Wet weather, including heavy snow in some regions, continued to keep farmers off of their fields across much of Western Canada, but producers were actively delivering canola and […] Read more
ICE November 2019 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola values stay rangebound

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Reading Time: < 1 minute MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Canola, Crops, Soybeans

Most oilseed estimates down in USDA’s October outlook

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture (USDA) released its monthly oil crops outlook on Tuesday featuring reductions in global rapeseed and sunflower production and U.S. soybeans. USDA estimated global rapeseed production at 68.6 million tonnes, a decline of one million, with the lion’s share of the losses in Canada. Canadian production for 2019-20 was […] Read more

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