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Canola

Canola, Crops, Markets

Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

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Reading Time: 2 minutes Exports of Canadian canola seed to China will continue at the same lower pace seen since March 2019 — but only if it contains one per cent dockage or lower. That’s because a memorandum of understanding (MOU) between the two countries allowing higher dockage ended effective Tuesday (March 31), a Canadian government official said in […] Read more
Canola, Crops, Markets, Reuters

China to resume imports of Canadian canola, sources report

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Reading Time: 2 minutes Beijing | Reuters — China has agreed to allow imports of Canadian canola to resume, two sources briefed on the matter told Reuters on Tuesday, lifting a ban in place since March 2019 that had halted US$2 billion worth of trade. The agreement was reached during a call held by China’s customs administration and Canada’s […] Read more
Canola, Crops, Markets

Funds reduce net short position in canola

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Reading Time: < 1 minute MarketsFarm — Fund traders were covering short positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 48,614 contracts (886 long/49,500 short), a decrease of about […] Read more
Canola, Crops, Markets, Soybeans

ICE weekly outlook: Canola, soy crush margins up sharply

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Reading Time: < 1 minute MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more
Canola, Crops, Markets

Fund traders cover canola shorts, liquidate corn longs

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Reading Time: < 1 minute MarketsFarm — Fund traders were covering short positions in canola and liquidating longs in corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 58,455 contracts (2,163 long/60,618 […] Read more
Canola, Crops, Markets

ICE weekly outlook: More virus volatility expected in canola

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Reading Time: < 1 minute MarketsFarm — A sharp drop in the Canadian dollar helped lessen the blow of the COVID-19 pandemic on the ICE Futures canola market. However, volatility and uncertainty are expected to remain the feature in the upcoming weeks. Any strength in canola “is 100 per cent the Canadian dollar and nothing else,” said Ken Ball, of […] Read more
Canola, Crops, Markets

USDA adjusts world rapeseed stocks estimates

Canadian carryout pegged above AAFC's estimate

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Reading Time: < 1 minute MarketsFarm — World rapeseed ending stocks are forecast to tighten slightly in 2019-20 compared to earlier projections, according to an update from the U.S. Department of Agriculture’s Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, down from the February estimate […] Read more
Canola, Crops, Markets

Fund traders cover some bearish bets in canola, soybeans

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Reading Time: < 1 minute MarketsFarm — Fund traders were buying back short positions in canola, soybeans and corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). In the wheat market, however, they were on the other side. The net managed money short position in ICE […] Read more
Canola, Crops, Markets

ICE weekly outlook: In canola, volatility is order of the day, for now

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Reading Time: < 1 minute MarketsFarm — Expect the canola market, along with other grains and oilseeds, to remain volatile for the time being, said David Derwin of PI Financial in Winnipeg. “A lot of the markets right now are extremely erratic because of the coronavirus. I think it’s being blown out of proportion, but it is what it is,” […] Read more

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AGCanadaTV: In Case You Missed It – Your National Ag News Recap for the week ending March 27, 2020.

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