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
ICE weekly outlook: Falling canola futures snowballing lower
Canola net long position smallest in 10 months
Reading Time: < 1 minute MarketsFarm — The net long position held by fund traders in the ICE Futures canola market continued to dwindle in the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC), hitting its smallest level since August 2021. The net managed money long position in ICE Futures canola came in […] Read more
ICE weekly outlook: Other factors trump seasonal pressure on canola
Reading Time: < 1 minute MarketsFarm — Despite the losses canola and other crops have incurred during the week of June 13, prices have remained rather high, according to a trader. “Even though we got some big crops brewing in North America, the prices are not falling apart. There are just enough things in there to keep these markets a […] Read more
It’s time to be paid for oil content in canola
Farmers are encouraged to select varieties and use production practices to boost oil content, but they don’t get paid for it on the driveway
Reading Time: 8 minutes Growers have been paid for high protein in wheat for more than 40 years. It’s time they’re also paid for high oil content in canola. Discussions on paying oil premiums have been around for years, culminating about a decade ago when a major push by farmers and farm organizations for the introduction of oil premiums […] Read more
ICE weekly outlook: Weather in focus for canola traders
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts hit their lowest levels in two months during the first week of June but uncovered support to the downside to recover on Wednesday and hold rangebound overall. While crush margins are still well off the levels seen at this time a year ago, they have improved over the past […] Read more
Don’t be a silly one, scout for verticillium
Reading Time: 4 minutes On Aug. 10, 2020, Brad Crammond noticed some sudden and premature die-off in a seemingly healthy field of canola. “We’ve had issues with blackleg in the past,” says the farmer from Austin, Man., “and I could tell this was something different.” So he called Canola Council of Canada agronomy specialist Angela Brackenreed to take a […] Read more
Canola exports slow to trickle
Wheat exports also well behind curve: CGC
Reading Time: < 1 minute MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
Reading Time: < 1 minute MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
ICE weekly outlook: Canola sideways for now
Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Move comes as diplomatic tensions ease, canola block lifted
Reading Time: 2 minutes Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
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