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Canola

(File photo by Dave Bedard)
Canola, Crops, Markets

Net short position nearly gone in canola

Traders still net short in CBOT wheat, corn

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Reading Time: < 1 minute MarketsFarm — Speculative traders continue to exit their bearish bets in canola, with the net short position dipping below 4,000 in the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July 11, the net managed money short position in canola futures came in at 3,899 contracts (34,124 short, […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola climbs on weather worries

Demand rationing also seen as supportive

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund short position hits six-month low in canola

CBOT soybeans show reduced net long

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Reading Time: < 1 minute MarketsFarm — The speculative short position in ICE Futures canola fell to its smallest level in six months at the beginning of July, as fund traders covered short positions and put on some new longs. That’s according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola makes huge move

Prairies' dry patches add to upswing

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Reading Time: < 1 minute MarketsFarm — Canola came out of Canada Day continuing to build on gains made going into the holiday, largely due to spillover from the Chicago soy complex. The U.S. Department of Agriculture last Friday released its planted acres report, which saw soybeans lose four million acres from the 87.5 million planted in 2022, leading to […] Read more
Wheat in progress west of Pathlow, Sask. on Aug. 1, 2022. (Dave Bedard photo)
Crops, Markets

Canadian canola, wheat area up on the year: StatCan

More soybean, corn acres also estimated

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Reading Time: 2 minutes MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 million expected in April and […] Read more
If you already have a precision planter for corn, it can work for other crops. Although it produces better, more even emergence, the yield benefit isn't always there, says Gurbir Dhillon, who has been conducting precision planting trials for several years.
Crops

Good looks and high yields don’t always go together

Precision-planted crops look great at emergence, but lose that edge if timely rains don't come

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Reading Time: 3 minutes If your greatest joy in farming is seeing nice, even emergence, you can’t beat a precision planter. “We tried a bunch of pulse crops, including field peas, chickpeas, lentils, faba beans, soybeans, and we also tried it on irrigated durum and hemp,” said Farming Smarter researcher Gurbir Dhillon. “Seedling emergence and stand establishment improved across […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Net short drops in canola as funds cover positions

Traders expand net longs in soy, corn

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Reading Time: < 1 minute MarketsFarm — Speculative traders were busy covering short positions in ICE Futures canola during the week ended June 20, taking the net short position in the market to its smallest level in four months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of June 20, the […] Read more
(Dave Bedard photo)
Crops, Markets

Analysts expect little change in new StatCan numbers

Weather was 'pretty conducive to plantings'

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Reading Time: 3 minutes MarketsFarm — Dry conditions in much of the Prairies this spring may leave seeding areas relatively unchanged ahead of Statistic Canada’s (StatCan) principal field crop report, due to be released Wednesday. It will be the second survey-based acreage report for the 2023-24 marketing year, after the first one was released in April. While growing conditions […] Read more
ICE July 2023 canola with 20-day moving average (yellow line, right scale) and CBOT July 2023 soybean oil (dark green line, left scale). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola market rising into summer

New StatCan acreage estimates out next week

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE canola futures see record daily trade volume

Previous record trading day was in 2014

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market on Friday saw its busiest day ever, with over 90,000 contracts traded during the session, according to preliminary data. Intermonth spreading accounted for roughly half of the trade volumes on Friday as investors were busy rolling out of the front month. Daily trade volumes in canola are typically […] Read more

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