Reading Time: < 1 minute The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
ICE canola weekly outlook: Running into resistance
Manitoba Crop Report: Heavy rainfalls slow harvest
Reading Time: 2 minutes Manitoba harvest advances to 58 per cent complete, despite rain delays.
China targets Canada’s tariffs with anti-discriminatory probe
Reading Time: < 1 minute Beijing | Reuters – China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese electric vehicles, steel and aluminum products, its commerce ministry said on Thursday. This type of investigation usually takes three months to complete but could be extended under special circumstances, the ministry said. Beijing also […] Read more
AAFC ups wheat, canola carryout forecasts
Reading Time: < 1 minute Canadian wheat ending stocks for the 2024-25 marketing year are forecast to be well above earlier expectations, says Agriculture and Agri-Food Canada.
Canola net short position grows
Reading Time: < 1 minute The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Manitoba harvest passes halfway mark: report
Reading Time: < 1 minute Harvest operations in Manitoba passed the halfway mark during the week ended Sept. 17, with wide ranging yields in the latest provincial crop report.
Fund traders add to bearish bets in canola
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.
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
A message from April Stewart, Country Guide's Associate Editor
