Reading Time: < 1 minute Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
Fund traders add to bearish bets in canola
StatCan revises canola production lower
Reading Time: 2 minutes Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
ICE canola weekly outlook: Contracts hovering above lows
Reading Time: 2 minutes The ICE Futures canola market held above major chart support during the week ended Sept. 11, as uncertainty over a Chinese anti-dumping investigation tempered any attempts at moving higher.
Canadian canola ending stocks largest since 2020
Reading Time: < 1 minute Canadian canola ending stocks for 2023/24 were up significantly from the carryout the previous year, while revisions to the year-ago data saw wheat stocks tighten, according to the latest data from Statistics Canada released Sept. 9.
Alberta harvest progressing rapidly
Reading Time: < 1 minute Warm temperatures and only minor rain delays allowed farmers in Alberta to make good harvest progress during the week ended Sept. 3, according to the latest provincial crop report. Total harvest progress for major crops came in at 31.5 per cent, which was up from 18.2 per cent the previous week and roughly double the […] Read more
Solid Canadian grain/oilseed exports to start 2024/25
Reading Time: < 1 minute Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
Bird flu spreads to California dairy cows
Reading Time: < 1 minute Cows at three dairy farms in California tested positive for H5N1 bird flu at the end of August, marking an expansion of the virus into the largest dairy producing region of the United States, according to an announcement from the state’s agriculture department. More than 190 herds have been infected across the U.S. since March, […] Read more
Saskatchewan farmers making good harvest progress: report
Reading Time: 2 minutes Saskatchewan farmers made good harvest progress during the week ended Sep. 2, according to the latest provincial crop report. An estimated 42 per cent of the 2024 crop was harvested across the province, which was up from 25 per cent the previous week and ahead of the five-year average of 34 per cent done. The […] Read more
CBOT Weekly: Soybeans, corn off lows, sideways trade likely through harvest
Reading Time: < 1 minute Soybean, corn and wheat futures in the United States were all showing modest strength in early September, recovering off their August lows as speculators bought back previously sold positions. “We’re seeing a little bit of short covering in these markets and the contract lows, at least over the short term, may be in,” said Terry […] Read more
Australian crop production estimates rising: ABARES
Reading Time: < 1 minute Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
A message from April Stewart, Country Guide's Associate Editor
