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Canola

(Kat72/iStock/Getty Images)
Canola, Crops, Markets

Huge increase predicted in canola ending stocks

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Reading Time: < 1 minute MarketsFarm — Canadian canola carryout stocks are forecast to rise to a record 5.3 million tonnes by the end of the 2019-20 marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the department, in its estimates, expects total canola production to decline […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Input Capital steps back from mortgage expansion plans

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Reading Time: 2 minutes Up against the current canola market, “commodity streaming” firm Input Capital has put off plans to ramp up its mortgage business with canola growers. The publicly traded Regina company in February announced a “comprehensive review of strategic alternatives to enhance shareholder value” and said it was in “an ongoing search for appropriate scalable sources of […] Read more
Newfoundland and Labrador’s minister of fisheries and land resources, Gerry Byrne, is shown here at right with Western Agriculture Centre research manager Sabrina Ellsworth and the department’s “Agri-Truck” promotional vehicle at Pynn’s Brook in September 2018. (Gov.nl.ca)
Livestock

Newfoundland’s ag minister, critic returned in election

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Reading Time: 2 minutes The cabinet minister in charge of Newfoundland and Labrador’s Forestry and Agrifoods Agency held onto his seat in Thursday’s provincial election, as has his critic across the aisle. Gerry Byrne, the Liberal MHA for Corner Brook since 2015 and the province’s minister of fisheries and land resources since 2017, held his riding on Thursday against […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Net short position keeps growing in canola

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Reading Time: < 1 minute MarketsFarm — The large speculative short position in ICE Futures canola contracts continued to grow during the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had […] Read more
ICE July 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Little for canola bids to stand on

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Reading Time: 2 minutes MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager with PI Financial in Winnipeg. […] Read more
Federal Conservative leader Andrew Scheer speaks during Question Period in the House of Commons in Ottawa on April 10, 2019. (Photo: Reuters/Chris Wattie)
General, Markets, Reuters

Canada needs ‘reset’ on China, Scheer says

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Reading Time: 2 minutes Ottawa | Reuters — Canada’s opposition leader on Tuesday attacked Prime Minister Justin Trudeau for being too soft on China and said there needs to be a “total reset” on relations with the Asian powerhouse. Conservative Party leader Andrew Scheer spoke amid an escalating diplomatic dispute that has followed Canada’s arrest of Huawei Technologies chief […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Net short position climbs in canola

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Reading Time: < 1 minute MarketsFarm — The large speculative short position in ICE Futures canola contracts widened the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators on Tuesday had a net […] Read more

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