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Canola

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

Funds sitting on large net long in canola

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Reading Time: < 1 minute MarketsFarm — The net long position fund traders are holding in canola futures remains historically large, with almost all of the managed money in the market sitting on the long side, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday […] Read more
ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola holds over $600

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some […] Read more
ICE January 2021 canola with Bollinger (20,2) bands and 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola entering holiday mode

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit fresh multi-year highs following the release of updated production data from Statistics Canada, but the market ran into resistance and could be expected to see some consolidation ahead of the New Year. The most-active January contract touched a session high of $599 per tonne on Friday last week, […] Read more
Erich Vetter was looking for challenge and opportunity when he abandoned Germany’s heavily regulated agriculture 13 years ago. In the valley, he says, he’s found plenty of both.
Crops, Features

The life of the Red River

It took vision to turn the Red River Valley into some of Canada’s most productive farmland. And it still takes vision to farm it today

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Reading Time: 10 minutes Two centuries ago, when the Scottish settlers first began to arrive, the Garden of Eden was nowhere in sight. This place was marsh, it seemed all but useless, and it took farmers to find the value in Manitoba’s famously fertile Red River Valley and to make it habitable. The valley was 60 per cent wetland […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund net long in canola steady, despite liquidation in U.S.

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Reading Time: < 1 minute MarketsFarm — The large net long position fund traders are holding in canola futures held relatively steady during the week ended Tuesday, despite long liquidation in U.S. grains and oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders on Tuesday were holding […] Read more
(PortOfHalifax.ca)
Crops, Markets

Grain, oilseed exports well ahead of year-ago

Chinese demand up substantially for Canada's crops

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Reading Time: < 1 minute MarketsFarm — Canadian grain exports continue to run at a very solid pace, with canola, wheat and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by nearly five […] Read more
Huawei chief financial officer Meng Wanzhou arrives at court in Vancouver on Nov. 23, 2020. (File photo: Reuters/Jennifer Gauthier)
Crops, Reuters

U.S. in talks with Huawei exec on resolving criminal charges, source says

'This would be a great way to end this nightmare'

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Reading Time: 3 minutes Reuters — U.S. prosecutors are discussing a deal with lawyers for Huawei chief financial officer Meng Wanzhou to resolve criminal charges against her, a person familiar with the matter said, signaling a potential end to a case that has strained ties between the U.S., China and Canada. Negotiations between Meng’s attorneys and the U.S. Justice […] Read more
Darren and Carmen Sterling.
Crops, Guide Business

Selling the corporate farm

Darren and Carmen Sterling made the hard decision. 2019 would be their last crop. Then they would retire. But that’s when the real work began

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Reading Time: 10 minutes When we talk about Canada’s aging farm owners, we generally talk about how best to pass the agricultural torch to sons and daughters or, more recently, about creative contortions to move the farm into the future with those who are not family — in short, succession planning. But is it still called succession when there […] Read more
CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and CBOT January 2021 soyoil (black line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans up one per cent as soyoil climbs

Corn up; wheat declines on global supply outlooks

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about one per cent on Thursday, rallying on bargain buying after a two-week low set a day earlier and on uncertainty about South American crop prospects, traders said. Soybeans also drew support from strength in soybean oil futures, which advanced about two per cent on news of […] Read more
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops, Markets, Reuters

Canada’s canola harvest smallest in five years

Wheat crop a bin-buster, StatsCan report finds

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Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers produced the smallest canola crop in five years, but the largest wheat output since 2013, Statistics Canada said in its final harvest estimate of the year. Canola production looked set to reach 18.7 million tonnes, down 4.5 per cent from last year and below trade expectations. It was a […] Read more

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