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Canola

ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s steady week takes late turn

Outlook 'neutral to bearish'

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Reading Time: 2 minutes MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday to close at $832.70/tonne. Winnipeg-based […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund traders flip back to short side on canola

Corn traders reduce net long position

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Reading Time: < 1 minute MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola likely rangebound until spring

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Reading Time: 2 minutes MarketsFarm — Unless something very dramatic were to happen in the coming weeks, canola futures on the ICE Futures platform will remain rangebound at least until spring, according to David Derwin, analyst with PI Financial in Winnipeg. “Canola has been very rangebound for the last six to seven months,” he said, noting downward fluctuations during […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund traders back on the long side in canola

Net long also extended in CBOT corn, soy

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Reading Time: < 1 minute MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 6,805 contracts on Jan. […] Read more
(Dave Bedard photo)
Crops

SaskCanola, SaskFlax merge offices, management

Groups will maintain separate governing boards, levies

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Reading Time: 2 minutes Sasskatchewan’s canola and flax development commissions are consolidating their management, staff and office space under one roof. SaskCanola and SaskFlax said Wednesday their new “management collaboration” will translate to efficiencies for both commissions with “a full staff complement to support both boards.” Both organizations will now operate out of the current SaskCanola office at Innovation […] Read more
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Sideways canola market watching macros

USDA report may offer nearby direction

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts remain stuck in a sideways trading range to start the New Year, with bearish outside forces countered by relatively supportive fundamentals. From a chart standpoint, March canola is stuck in a sideways range between $800 and $900, with little to suggest a break one way or the other for […] Read more
ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Markets rangebound into the New Year

ICE canola plays catch-up on CBOT gains

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Reading Time: < 1 minute MarketsFarm — As 2022 comes to an end, a trader stated the commodities market will very likely remain rangebound through the New Year. Ken Ball, of PI Financial in Winnipeg, said there’s heavy spreading, as well as the maneuvering of year-end positions and plenty of liquidation going on at the moment, “all trapped in a […] Read more
This week on ‘Between The Rows’
General

This week on ‘Between The Rows’

Episode 307, Dec. 22, 2022

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Reading Time: < 1 minute To hear the latest episode of Between The Rows, CLICK HERE. The show is also available to you each week through Apple Podcasts and Google Podcasts — and you can also find our episode archive on YouTube.  
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly: Canola regains strength after days of declines

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Reading Time: 2 minutes MarketsFarm — After a losing string of four straight sessions, the ICE Futures March canola contract regained some strength on Wednesday. Limited and choppy trading in nearby soybean contracts had pulled down canola for most of the week, according to Winnipeg-based independent trader Jerry Klassen. “When the March got up to $868-$870 (per tonne)… there […] Read more
Mustard production in Western Canada in 2022 was decent with yields at about 80 per cent of the five-year average.
Crops

Finding the ‘new normal’ for mustard acreage

It’s tricky to grow, and you need acres that have been out of canola for three to five years

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Reading Time: 4 minutes It was an example of how a combination of weather, geopolitical events and Prairie farmers’ rotation plans could make the headlines last spring — French supermarket shelves were devoid of mustard. French Dijon mustard must contain a certain percentage of French brown mustard seed to be considered a product of France. But France’s domestic production […] Read more

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