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Canola

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

Funds cover some shorts in grains, oilseeds

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Reading Time: < 1 minute MarketsFarm — The net fund short position in canola was reduced slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Speculators also bought back some of their bearish bets in soybeans and corn, the CoT report noted. The net managed money […] Read more
ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola values stay rangebound

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Reading Time: < 1 minute MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund short position down in canola, beans

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Reading Time: < 1 minute MarketsFarm — Fund traders covered some of their large net short positions in canola and soybeans during the week ended Tuesday, while adding to their bearish bets on corn, 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 […] Read more
Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)
Canola, Crops, Markets

Canola deliveries slow as Prairies’ harvest drags

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Reading Time: < 1 minute MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
ICE January 2020 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids

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Reading Time: < 1 minute MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Funds’ canola short position up, for now

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Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), 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 canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola breaks out of week-long funk

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Reading Time: < 1 minute MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more
Clubroot galls on a canola plant. (Video screengrab from Canola Council of Canada via YouTube)
Canola, Crops

Clubroot able to beat resistant canola reaches Manitoba

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Reading Time: 3 minutes A strain of clubroot able to club the roots of some resistant canola varieties has made its way east to Manitoba. Manitoba’s agriculture department reported Friday that clubroot pathotype 3A — a strain that can “overcome some first-generation sources of genetic resistance” in commercial canola — has been positively identified in the south-central rural municipality […] Read more
Federal International Trade Diversification Minister Jim Carr speaks at the China-Canada economic and financial strategy dialogue in Beijing on Nov. 12, 2018. (Photo: Reuters/Jason Lee/Pool)
Canola, Crops, Reuters

Canada takes first step at WTO to challenge China’s canola ban

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Reading Time: 2 minutes Ottawa | Reuters — Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China’s decision to block Canadian canola exports, Trade Minister Jim Carr said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive last year on a U.S. arrest […] Read more

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