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Canola

ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola back where it started

Day-to-day movements seen as tough to predict

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Reading Time: 2 minutes MarketsFarm — ICE canola futures are pretty much back where they were a week ago after losing ground, only to recover by small — and then strong — gains. The May canola contract finished at $765.20 per tonne on Friday and closed Wednesday at $767.30. In between, the lowest close for May was $735.20. That […] Read more
(Thinkstock photo)
General, Markets

Farm cash receipts up in 2020

Crop receipts and direct payments up, livestock slightly lower

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Reading Time: < 1 minute MarketsFarm — New data from Statistics Canada on Tuesday showed Canadian farm cash receipts went up in 2020, despite the COVID-19 pandemic, on the strength of rising crop prices and exports. The total value of farm cash receipts in the country totalled $71.7 billion in 2020, an 8.1 per cent increase from the previous year. […] Read more
(Bob_bosewell/iStock/Getty Images)
General, Markets, Reuters

Farmers’ net cash income improves as crop prices soar

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Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers reaped record profits last year and are on track to do the same this year, the federal agriculture ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Crops, Markets, Spring Wheat

Feed weekly outlook: Barley, wheat at par in Alberta

Demand also seen for heated canola

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Reading Time: < 1 minute MarketsFarm — Prices for feed barley and wheat are running about the same, from where Susanne Leclerc sits at Market Master Ltd. in Edmonton. Barley and wheat going into central Alberta were both running at $315 per tonne, she said. “We’re seeing buyer strength gaining coverage for the summer,” she said, but noted trading activity […] Read more
ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Profit-taking to pressure canola

Market appearing overdone

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to record highs during the week ended Wednesday as concerns over tightening old-crop supplies provided support. However, the market was looking overdone to the upside and profit-taking came forward to put some pressure on values. “The traders that are still long are playing the game of forcing the […] Read more
ICE March 2021 canola with 20- and 50-day moving averages and CBOT May 2021 soybean oil (dark green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: March canola contract not quite out of game

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Reading Time: 2 minutes MarketsFarm — ICE Futures’ March canola contract doesn’t have too much to do with the price of the Canadian oilseed directly now but still can influence prices in coming days, according to Keith Ferley of RBC Dominion Securities in Winnipeg. Open interest in the March contract was around 15,000 as of Feb. 17. Ferley noted […] Read more
(Dave Bedard photo)
Crops, Markets

Canola stocks to tighten below a million tonnes, AAFC says

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Reading Time: < 1 minute MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports left unchanged from the January […] Read more
As amaranth varieties tested at AAFC-Harrow matured, their bright colouring differentiated them from nearby weeds.
Crops

A new success story

Quinoa and amaranth may hold great promise but the lack of processors remains a challenge

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Reading Time: 6 minutes Mention a new practice, a new piece of farm equipment, or a precision ag system and the first question from a grower is likely to be, “What’s my profitability margin?” It’s the same for alternative crops — although the questions vary. Whether it’s fababeans or camelina, growers want to know what volume they’ll need to […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Funds add to net longs in canola, U.S. futures

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Reading Time: < 1 minute MarketsFarm — The large managed-money net long positions in soybean, corn and canola futures increased 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 fund traders were holding a net long position in ICE Futures canola of 43,967 contracts as […] Read more
ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Volatility day-to-day in bullish canola market

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst […] Read more

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