Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
Farmers’ wheat, canola deliveries picking up in West
Commercial canola stocks increase
Reading Time: < 1 minute MarketsFarm — The advancing Prairie harvest has seen an increase in farmer deliveries of grains and oilseeds into the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Export activity for canola remains very light through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial […] Read more
ICE weekly outlook: Canola futures continue trending lower
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
StatCan’s canola call in line with expectations
Agency also boosts wheat projection
Reading Time: 2 minutes MarketsFarm — While Statistics Canada (StatCan) cut its projection for canola production in 2022-23 by 400,000 tonnes, FarmLink Marketing Solutions senior analyst Neil Townsend said the number could go lower. StatCan on Wednesday issued its latest production estimates and lowered its call on canola from the 19.5 million tonnes forecast in its Aug. 29 report […] Read more
Funds add to bearish bets in canola
Reading Time: < 1 minute MarketsFarm — The speculative net short position in the ICE Futures canola market grew during the week ended Tuesday, as fund traders added more bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
Reading Time: 3 minutes MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
Planning to straight cut canola?
PAMI has a few quick tips to help ensure your harvest hits the bin
Reading Time: < 1 minute If you’re planning to straight cut canola this year, you should first have a look at the Prairie Agricultural Machinery Institute’s report on considerations for the practice. These are quick tips from the report, which is available in full at pami.ca. Quick tips Seed early, to allow time for natural drying. Shatter-resistant varieties pose a […] Read more
Canada, China agree to suspend WTO canola dispute
Lifting of canola ban renders case moot
Reading Time: < 1 minute Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more
ICE weekly outlook: Crush margins guiding canola demand
Reading Time: < 1 minute MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins […] Read more
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