Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite losing over $50 per tonne […] Read more
ICE weekly outlook: Canola’s sideways market nears low end of range
January down last six sessions
Heading off aster yellows in field crops
A new rapid test may help diagnose the disease in time to take action with fungicide
Reading Time: 4 minutes [UPDATED: Nov. 28, 2022] Aster yellows is a sneaky disease, arriving in canola via aster leafhoppers infected with the parasitic organism aster yellows phytoplasma (AYP). The leafhoppers spread the disease to plants as they feed, but the symptoms don’t show up until the crop is too far gone to treat. In bad years — which […] Read more
ICE weekly outlook: Premium showing in front-month canola
'Surge' of farmer selling expected in January
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That […] Read more
Fund position switches to net long in canola
Net long in CBOT corn decreases on the week
Reading Time: < 1 minute MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more
ICE weekly outlook: Trader sees canola topping $900 mark soon
Crush margins at 'very, very extreme levels'
Reading Time: 2 minutes MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball […] Read more
Fund short position in canola dips to four-month low
Net long increases in CBOT soybeans
Reading Time: < 1 minute MarketsFarm — Speculators were busy covering short positions and putting on some fresh longs in the canola market during the week ended Nov. 1. That lowered the net short position in the ICE Futures canola market to its smallest level since the beginning of July, according to the latest Commitment of Traders (CoT) report compiled […] Read more
Canadian canola oil content up in 2022: Preliminary CGC data
Reading Time: < 1 minute The average oil content of Canada’s canola crop edged higher in 2022 compared to the previous year, according to preliminary data from the Canadian Grain Commission released Nov. 1. Oil content for number one quality canola across Western Canada ranged from 34.9 to 49.2 per cent, with the average coming in at 42.7 per cent. […] Read more
ICE weekly outlook: Watch for canola to climb higher
Reading Time: < 1 minute MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
Manitoba nets average crops in 2022 after wet spring
Reading Time: 3 minutes MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more
ICE weekly outlook: Sideways canola market due for a move
Reading Time: < 1 minute MarketsFarm – The ICE Futures canola market largely held within its well-established sideways trading range during the week ended Oct. 26, with only the nearby November contract breaking higher as short-covering ahead of its expiry gave the month a boost. The January contract has held in a narrow range between C$860 and C$880 per tonne […] Read more
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