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Canola

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Canola, Markets

ICE canola weekly outlook: Canola dips at midweek

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Reading Time: < 1 minute MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, Man., said canola prices will […] Read more
Photo(s): Greg Berg
Canola, Markets, Soybeans

ICE weekly outlook: Canola, soybeans – keep an eye on South America

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Reading Time: 2 minutes MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities in Winnipeg, Man., suggested there […] Read more
Photo: iStock
Canola, Markets, Soybeans

Canadian canola crush running strong

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Reading Time: < 1 minute Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush […] Read more
(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
(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
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Two reports likely to increase canola values

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Reading Time: 2 minutes MarketsFarm — Although canola has seen some backpedalling this week, the markets should get two good shots in the arm from a pair of reports, according to Wayne Palmer, analyst with Exceed Grains in Winnipeg. The first will very likely come from the principal field crops report , to be released Thursday by Statistics Canada. […] Read more
Verticillium microsclerotia are small grey spots, almost like the pycnidia inside a blackleg lesion. Verticillium specks are tinier, more numerous and under the epidermis, while blackleg fruiting bodies are always on the surface.
Canola, Crops

Add another one to your canola scouting list

What you thought was sclerotinia might be verticillium stripe, and the Canola Council is making it a research priority

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Reading Time: 4 minutes It first appeared in Manitoba fields in 2014, and now it’s showing up in Manitoba’s crop reports. “Canola yields tend to be disappointing for farmers, with heat blast and verticillium stripe suspected as contributing factors,” said a provincial summary in mid-September. The Canola Council of Canada (CCC) says verticillium stripe (VS) is caused by V. […] Read more
ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (blue line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola stronger at midweek

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart […] Read more

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