Reading Time: < 1 minute CNS Canada — Large speculators continued to add to their net short positions in the ICE Futures canola market during the week ended Tuesday, according to the latest Commitment of Traders report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators grew their net short position in canola to […] Read more
Speculative short position grows in canola
ICE weekly outlook: Canola still watching soy, weather
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts moved off their nearby lows over the week ended Wednesday as persistent harvest delays provided support. Additional strength, however, may be dependent on movement in the Chicago soybean market. “Soybeans will be the driving force behind which way canola futures go,” said commodities investment advisor David Derwin of […] Read more
Speculators grow net short position in canola
Reading Time: < 1 minute CNS Canada — Large speculators added to their net short positions in the ICE Futures canola market 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 and other reportable speculators grew their net short position in canola to 27,709 contracts […] Read more
Feed weekly outlook: Cheap corn, Prairie harvest quality weigh on prices
Reading Time: 2 minutes CNS Canada — Cheap corn imports and adverse Prairie harvest conditions should mean no shortage of feed grain in Alberta’s feedlot alley this winter — which should also keep prices under pressure going forward. “Anytime you get a ripe crop and you get snow and rain falling on it, it normally doesn’t make better quality,” […] Read more
Canola crush margins tightest in years
Reading Time: < 1 minute CNS Canada — Canola crush margins have fallen to some of their lowest levels in more than a decade, which should keep a lid on any upside in prices. As of Thursday, the canola board crush margin calculated by ICE Futures U.S. was only about $26 above the November contract, which compares with levels a […] Read more
Prairie harvest window possible next week
Reading Time: 2 minutes CNS Canada — Cold and wet conditions on the Prairies are expected to clear up over the next week, allowing a window of opportunity for harvest, though the size of that window remains to be seen. “Western and northern parts of Alberta have some serious issues,” said Drew Lerner of World Weather Inc. in Kansas […] Read more
CBOT weekly outlook: Big U.S. corn yields surprise market
Reading Time: 2 minutes CNS Canada — An unexpected upward revision to this year’s U.S. corn yields sent prices dropping Wednesday, and more losses are likely, according to market analysts. The U.S. Department of Agriculture, in a report released Wednesday, pegged average corn yields at 181.3 bushels per acre — up by about three bushels per acre from the […] Read more
Smaller Manitoba soybean crop expected
Reading Time: 2 minutes CNS Canada — Like most crops grown this year, Manitoba’s soybean yields were also highly variable in 2018. While early reports point to smaller production overall, lower-than-average yields won’t translate to higher prices, given prospects for a large U.S. crop. Manitoba soybean yields are “anywhere from 20 to 50” bushels per acre, said Mark Jorgenson […] Read more
Large Canadian canola ending stocks expected
Reading Time: 2 minutes CNS Canada — Canada’s canola ending stocks as of July 31 came in at about a million tonnes above the previous year’s carryout — but were still well within trade expectations. Canola supplies as of July 31 were estimated at 2.391 million tonnes by Statistics Canada on Thursday, with 954,000 tonnes of that in commercial […] Read more
ICE weekly outlook: Yields still up in the air
Reading Time: 2 minutes CNS Canada — ICE Futures canola contracts recovered off of nearby lows over the week ended Wednesday, but failed to rise to the same extent as the product values as the commodity remains expensive compared to other oilseeds. With the harvest underway across the Prairies, traders are focused on yield estimates and the size of […] Read more