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Canola

(Stevanovicigor/iStock/Getty Images)
Canola, Crops

CCGA now accepting upgraded cash advance applications

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Reading Time: 2 minutes Farmers can start applying for the new, higher cash advances from the Canadian Canola Growers Association (CCGA), starting Friday (June 7). “It’s three days earlier than we planned, but our team has been working very hard, along with program officials, to get this enhanced service in the hands of the hundreds of farmers who have […] Read more
Ag Minister Marie-Claude Bibeau speaks to media at Cigi in Winnipeg on March 13, 2019. (Dave Bedard photo)
Canola, Crops

Cash advance boost to take effect next week

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Reading Time: 2 minutes Regulations permanently expanding loan limits under the federal Advance Payments Program — and temporarily boosting interest-free advances for canola growers — are in place for applications to begin next Monday at the earliest. Agriculture Minister Marie-Claude Bibeau said Monday amendments to the Agricultural Marketing Programs Regulations are now in place to boost the APP loan […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola funds still short, despite active U.S. covering

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Reading Time: < 1 minute MarketsFarm — Speculators continue to sit on a large net short position in ICE canola futures, only reducing their holdings slightly in late May, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 71,065 contracts […] Read more
ICE July 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Uncertain U.S. soy prospects boost canola

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed sharply higher during the week ended Wednesday, hitting their best levels in more than a month as strength in the Chicago Board of Trade soy complex provided spillover support. “We have a bit of a short-covering rally going on in canola,” said Jerry Klassen, manager of Canadian operations […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund traders still sitting on large canola short position

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Reading Time: < 1 minute MarketsFarm — Speculators continue to sit on a large net short position in ICE canola futures, only reducing their holdings slightly over the past week, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had a net short position of 72,844 […] Read more
(Kat72/iStock/Getty Images)
Canola, Crops, Markets

Huge increase predicted in canola ending stocks

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Reading Time: < 1 minute MarketsFarm — Canadian canola carryout stocks are forecast to rise to a record 5.3 million tonnes by the end of the 2019-20 marketing year, more than doubling the previous five-year average, according to updated estimates from Agriculture and Agri-Food Canada’s market analysis division. While the department, in its estimates, expects total canola production to decline […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Input Capital steps back from mortgage expansion plans

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Reading Time: 2 minutes Up against the current canola market, “commodity streaming” firm Input Capital has put off plans to ramp up its mortgage business with canola growers. The publicly traded Regina company in February announced a “comprehensive review of strategic alternatives to enhance shareholder value” and said it was in “an ongoing search for appropriate scalable sources of […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Net short position keeps growing in canola

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Reading Time: < 1 minute MarketsFarm — The large speculative short position in ICE Futures canola contracts continued to grow during the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators had […] Read more

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