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Canola

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

Funds cover canola short positions

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Reading Time: < 1 minute MarketsFarm — Fund traders covered some of their large net short position 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 canola came in Tuesday at 66,293, a decrease of roughly 3,000 contracts […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola watching pre-harvest weather

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Reading Time: < 1 minute MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved significantly in recent weeks to […] Read more
(File photo by Greg Berg)
Canola, Crops, Markets

Input Capital cuts costs as delayed sales lift Q3 profit

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Reading Time: 2 minutes A hostile canola export market has left “commodity streaming” firm Input Capital paring back its staff count and halting its sales and marketing efforts. The publicly traded Regina company on Tuesday booked adjusted net income of $1.06 million on $4.95 million in adjusted total revenue for the quarter ending June 30, up from about $249,000 […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola carryover looms ahead of harvest

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Reading Time: < 1 minute MarketsFarm — There’s a large canola carryover on farms and little of the soon-to-come 2019 crop has been sold, according to Winnipeg-based analyst Bill Craddock. “Farmers think the price is too cheap,” he said. However, the price has come down, from about $11 per bushel to around $9.50, he added, noting there likely won’t be […] Read more
Prices for wheat, corn and soybean could fall for the next 10 to 14 days. Photo: Getty Images
Canola, Markets, Soybeans

ICE weekly outlook: Keep an eye on soybeans, loonie

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Reading Time: < 1 minute MarketsFarm – For canola prices, the key influences will be soybeans as well as the Canadian dollar, according to Errol Anderson of ProMarket Communications in Calgary, Alta. Anderson said soybeans on the Chicago Board of Trade (CBOT) were higher, due to trade negotiations between United States and China resuming on July 29. That could push […] Read more
Burcon’s technical centre in the Fort Garry district of Winnipeg. (Glen Hallick photo)
Canola, Crops, Peas

Pea, canola protein processing plant planned for outside Winnipeg

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Reading Time: 2 minutes MarketsFarm — Somewhere outside Winnipeg, a new pea and canola processing plant is scheduled to be in production by August 2020. The $65 million facility is expected to process up to 20,000 tonnes of yellow field peas annually and will be the world’s only commercial-scale food-grade canola protein production facility. No figure for the plant’s […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Choppy canola trade likely

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks good across much of Alberta […] Read more

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