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Canola

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

Speculative short position grows in canola

By
Reading Time: < 1 minute CNS Canada — Large speculators continued to add to their net short positions in the ICE Futures canola market during the week ended Tuesday, according to the latest Commitment of Traders report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators grew their net short position in canola to […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Weather

Canadian canola could make its way into Australia

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Reading Time: 2 minutes CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make […] Read more
(Dave Bedard photo)
General, Markets, Reuters

Beef demand, crush margins boost Cargill’s Q1 ledger

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Reading Time: 2 minutes Reuters — Grains trader Cargill reported a nearly five per cent rise in quarterly profit on Thursday as global demand for beef and improved oilseed crushing results offset challenges in several business units. But Cargill also faced various headwinds across the company — particularly in its protein and food ingredients units, both of which have […] Read more
ICE weekly outlook: Canola still watching soy, weather
Canola, Crops, Markets

ICE weekly outlook: Canola still watching soy, weather

By
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts moved off their nearby lows over the week ended Wednesday as persistent harvest delays provided support. Additional strength, however, may be dependent on movement in the Chicago soybean market. “Soybeans will be the driving force behind which way canola futures go,” said commodities investment advisor David Derwin of […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Speculators grow net short position in canola

By
Reading Time: < 1 minute CNS Canada — Large speculators added to their net short positions in the ICE Futures canola market during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators grew their net short position in canola to 27,709 contracts […] Read more
ICE November 2018 canola, with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s downward spiral to continue

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Reading Time: 2 minutes CNS Canada — ICE Futures canola contracts will continue to drift downward for the foreseeable future, according to one analyst. “The demand isn’t here because the buyers know that the farmer is undersold and they have to sell it,” said Wayne Palmer, senior market analyst with Exceed Grain. The November canola contract dipped below the […] Read more
Statistics Canada’s model-based report is based in part on data from sensors on the U.S. National Oceanic and Atmospheric Administration (NOAA) series of satellites. The Normalized Difference Vegetation Index (NDVI), shown here for Sept. 16 over an NOAA satellite map of North America, is used to gauge surface vegetation content. (OSPO.noaa.gov)
Crops, Markets

Canola, wheat crop size hiked in StatsCan’s view from space

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Reading Time: 2 minutes CNS Canada — Statistics Canada raised its production estimates for most crops across Western Canada in its latest report released Wednesday. Unlike traditional StatsCan reports using information gathered from phone surveys, the model-based report was based in part on coarse-resolution satellite imagery collected during the month of August. The model-based report has only been in […] Read more
(Brazzo/iStock/Getty Images)
Canola, Crops, Markets

Canola crush margins tightest in years

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Reading Time: < 1 minute CNS Canada — Canola crush margins have fallen to some of their lowest levels in more than a decade, which should keep a lid on any upside in prices. As of Thursday, the canola board crush margin calculated by ICE Futures U.S. was only about $26 above the November contract, which compares with levels a […] Read more
(Mysticenergy/iStock/Getty Images)
Crops, Weather

Feed weekly outlook: Downgrades likely for Alberta crops

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Reading Time: 3 minutes CNS Canada — Snow and wet weather through a large swath of northern and central Alberta are causing havoc for farmers and will likely put more feed grains into the market. But normal harvest price discounts are still not as great as expected, said Susanne Leclerc of Market Master Ltd. in Edmonton. Feed grain prices […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Weather

ICE weekly outlook: Pressure builds on canola as yield outlooks vary

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Reading Time: 2 minutes CNS Canada — ICE’s November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. “Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate,” said Ken Ball of PI […] Read more

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