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Canola

ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

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Reading Time: < 1 minute MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more
A sprouted wheat kernel, in which the sprout is visibly still within the contour of the germ, is classified as “regular sprouted.” (GrainsCanada.gc.ca)
Crops

Grain grading guide to tighten definition of ‘severely’ sprouted wheat

More changes, clarifications on deck for Aug. 1

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Reading Time: 3 minutes A laboratory review of the end-use quality of sprouted wheat will lead to changes in how wheat is graded starting Aug. 1 this year. The Canadian Grain Commission on Tuesday announced changes in store effective Aug. 1 for how Canadian wheat is graded, along with a list of clarifications and new housekeeping rules for the […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund short position grows in canola

Traders net long in soy, K.C. wheat

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Reading Time: < 1 minute MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets

USDA’s June WASDE report brings few notable changes

Canadian wheat harvest expectation unchanged

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Reading Time: 2 minutes MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion in the department’s May estimates. […] Read more
File photo of grilled pork intestine on skewers at a street food stall in the Philippines. (Junpinzon/iStock/Getty Images)

Philippines to host Canada’s Indo-Pacific ag office

AAFC/CFIA base to be set up in Manila, Bibeau says

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Reading Time: 3 minutes Canada’s agriculture department and food safety agency will carry out their part of the federal government’s Indo-Pacific strategy from a new office in Manila, Philippines. Federal Agriculture Minister Marie-Claude Bibeau announced the office’s location Wednesday in Ottawa during a meeting with the Canadian Agri-Food Trade Alliance (CAFTA), which represents Canada’s export-dependent ag commodity groups on […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (dark green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola finds support from funds, weather

Crude oil markets also a factor

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Reading Time: 2 minutes MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more
(Dave Bedard photo)
Crops, Markets

Fund traders add to bearish bets in canola

Funds also net short in MGEX and CBOT wheat, corn

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Reading Time: < 1 minute MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, the net managed money short […] Read more
Photo: File
Crops, Markets, Weather

Repeat of record Australian wheat, canola crops unlikely

ABARES expects 2023-24 crop down on year

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Reading Time: 2 minutes MarketsFarm — After growing record-large wheat and canola crops in 2022-23, Australia is expected to see a significant drop in production in 2023-24 as developing El Nino weather patterns will likely cut rainfall through the growing season, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). […] Read more
(Viterra.ca)
Crops, Markets

April grain deliveries see increases all around

Barley deliveries up sharply

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Reading Time: < 1 minute MarketsFarm –– Producer deliveries of major grains last month were up nearly 40 per cent when compared to April 2022, according to Statistics Canada (StatCan). In April 2023 more than 3.44 million tonnes of grain were delivered, versus 2.46 million a year ago. The uptick in deliveries continued to demonstrate the sizeable harvest farmers reaped […] Read more

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