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(File photo courtesy Canola Council of Canada)
Canola, Crops

ICE Canada Weekly Outlook: Canola Stuck In Sideways Range

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Reading Time: < 1 minute Winnipeg/Commodity News Service Canada – ICE Futures Canada canola contracts moved higher during the week ended November 4, bouncing off of nearby support levels. However, the market remains range-bound overall with little to indicate a break outside of that range. “These are just choppy markets,” said Ken Ball, of PI Financial in Winnipeg pointing to […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola can’t crack resistance

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Weekly canola crush hits new record

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Reading Time: < 1 minute CNS Canada –– Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Wednesday, which is more than 10,000 tonnes above […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Weekly canola crush hits best level in over two months

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Reading Time: < 1 minute CNS Canada –– Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Wednesday climbed to 82.8 per cent, which compares with only 66.9 per cent the previous week, according to the latest report from the Canadian Oilseed Processors […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola climbs despite harvest pressure

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Reading Time: 2 minutes CNS Canada –– ICE Futures Canada canola contracts finished higher for the week ended Wednesday, posting gains of $9-$10 per tonne despite mounting harvest pressure and large world supplies of vegetable oil. The slumping Canadian dollar, which momentarily reached its lowest point in 11 years during the session, has been a big reason behind canola’s […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola crush margins improve

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Reading Time: < 1 minute CNS Canada –– Canola crush margins have shown some improvement over the past week, despite rising futures prices, as strength in product values and a weakening Canadian dollar should be boosting the profitability of the domestic crush sector. Crush margins provide an indication of the profitability of the product values relative to the seed cost […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola exports seen moving slower than expected

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Reading Time: 2 minutes CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more

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