Reading Time: < 1 minute Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
Fund traders add to bearish bets in canola
StatCan revises canola production lower
Reading Time: 2 minutes Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
Alberta harvest progressing rapidly
Reading Time: < 1 minute Warm temperatures and only minor rain delays allowed farmers in Alberta to make good harvest progress during the week ended Sept. 3, according to the latest provincial crop report. Total harvest progress for major crops came in at 31.5 per cent, which was up from 18.2 per cent the previous week and roughly double the […] Read more
Solid Canadian grain/oilseed exports to start 2024/25
Reading Time: < 1 minute Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
ICE Weekly: Canola market suddenly in a very bad position
Reading Time: 2 minutes China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
Manitoba Crop Report: Harvest nearly one-quarter complete
Reading Time: 2 minutes Manitoba’s harvest continued to progress, reaching 24 per cent completion as of Sept. 2 despite light to moderate precipitation in most areas, according to the latest provincial crop report. Combining for winter wheat and fall rye was near complete at 97 per cent with a few fields in the northwest and Interlake regions yet to […] Read more
Australian crop production estimates rising: ABARES
Reading Time: < 1 minute Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Reading Time: 3 minutes Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
USDA adjusts August supply and demand numbers
Reading Time: 2 minutes While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
Oilseed crush, grain deliveries up year-by-year
Reading Time: < 1 minute The amounts of Canadian oilseeds crushed, as well as those for grains delivered, saw slight increases compared to the year before, according to Statistics Canada (StatCan). Domestic producers crushed 861,671 tonnes of oilseeds last June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 […] Read more
A message from April Stewart, Country Guide's Associate Editor
