Reading Time: < 1 minute MarketsFarm — Speculative fund money in ICE Futures canola shifted to a net short position for the first time in two years, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 677 contracts […] Read more
Canola funds’ position shifts to net short
ICE weekly outlook: Canola selloff shows signs of slowing
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of running out of steam. The most-active November contract dipped below the $800 per tonne level on Tuesday and Wednesday — but ended above that psychological […] Read more
StatCan raises Canada’s canola plantings from earlier estimate
Farmers seen returning to 'steady Eddie' wheat
Reading Time: 2 minutes MarketsFarm –– Canadian canola plantings are projected to come in above earlier expectations but would still be well below what was seeded to the crop in 2021, according to updated acreage estimates from Statistics Canada released Tuesday. Meanwhile, wheat area in the country is forecast at its highest level in nearly a decade. After a […] Read more
Flea beetles an issue in parts of Saskatchewan
Reading Time: < 1 minute MarketsFarm — Delays to spring seeding in some regions of Saskatchewan, such as the northeast, have opened the door for infestations of flea beetles, according to provincial pest management specialist James Tansey. Canola crops that were planted later than normal are suffering from flea beetles, he said. Extremely late-seeded canola has been relatively free from […] Read more
BASF pegs InVigor canola woes
Reading Time: 2 minutes BASF says they are aware of the issues farmers are seeing in some of their canola varieties. A statement from the company, released in mid-June, noted that some InVigor hybrids “may be encountering various challenges that could be hindering crop establishment this season.” The issue had been noted in “select geographies” in Western Canada, according […] Read more
Crop conditions in Alberta see remarkable turnaround
Reading Time: < 1 minute MarketsFarm – As the heydays of summer approach, Alberta reported that its crops were in good shape. The crop report placed all crops in the province at 75 per cent good to excellent, slightly above the five-year average. The rains throughout June were credited with the turnaround, but overall growth and development remained somewhat behind […] Read more
ICE weekly outlook: The larger picture behind drop in canola
Reading Time: < 1 minute MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
Ceres pulls plans for Saskatchewan canola crush plant
U.S. company suspends project citing higher-than-projected costs
Reading Time: 2 minutes U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed […] Read more
Speculators bail out of long positions in canola
Reading Time: < 1 minute MarketsFarm – Speculators continued to bail out of long positions in the ICE Futures canola market during the week ended June 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 25,117 […] Read more
ICE weekly outlook: Falling canola futures snowballing lower
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts fell hard during the week ended Wednesday, with little indication of how much more room to the downside there could be. “Once the snowball starts rolling, it just rolls,” analyst Mike Jubinville of MarketsFarm said, adding there were no dynamic changes to the generally supportive canola fundamentals — but […] Read more
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