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ICE canola weekly outlook: Market in search of demand

Farmers holding large amounts of unpriced canola waiting for future to move upward, analyst says

Reading Time: < 1 minute A modest attempt at correcting higher was met by stiff resistance in the ICE Futures canola market, with a general downtrend still intact as the futures work to uncover some demand.

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Canadian grain exports a mixed bag in December

Top three canola importers bought less, U.S. bought more

Reading Time: 2 minutes While Canada’s canola exports fell back so far this marketing year compared to last year, those for wheat were up, according to the Canadian Grain Commission. Released on Feb. 7, the monthly export report took Canada’s exports for cereals, oilseeds and pulses to the end of December.



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Record large short position grows in canola

CBOT net short position on soybeans more than doubled

Reading Time: < 1 minute The record large net short position in ICE Futures canola continued to rise in mid-January, as fund traders put on more bearish bets and liquidated long positions, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).



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Speculative short position hits new record in canola

Soybeans hit largest net short position since March 2020

Reading Time: < 1 minute Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


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Sask. canola, flax groups vote to merge

SaskCanola and SaskFlax have been sharing offices, admin for about a year

Reading Time: 2 minutes Producer support for the merge of SaskCanola and SaskFlax was "overwhelming," the groups said in a Jan. 10 news release. The organizations held a joint annual general meeting to share results of member feedback before taking the issue to a vote. The vote passed with "widespread approval," the release said.