Reading Time: 2 minutes CNS Canada — The ICE Futures canola market has seen contracts become cheaper of late, which could lead to an increase in demand — but the market is also still closely following the ongoing saga between China and the U.S. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They […] Read more
ICE weekly outlook: Cheaper canola could stir up export interest
ICE weekly outlook: Canola at mercy of U.S. soy
Reading Time: 2 minutes CNS Canada — The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and U.S. President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings… we are getting […] Read more
ICE weekly outlook: Canola corrects off lows, more losses possible
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts fell to their lowest levels in 15 months during the week ended Wednesday, but found some support to the downside as traders reacted to activity in the Canadian dollar and Chicago soyoil. “Canola seems to be getting some short covering after a long break (lower),” said Ken Ball […] Read more
Sunflower production seen beating StatsCan estimates
Reading Time: 2 minutes CNS Canada — Sunflowers in southern Manitoba are starting to come off and early indications point to very good quality. Ben Friesen, manager of the sunflowers, flax and bird food division for the Scoular Co. in Winkler, said although only a few samples have come in, what he’s seen so far is promising. Sunflower growers […] Read more
World crop briefs: Black Sea’s oilseed yields seen larger
Reading Time: < 1 minute CNS Canada — The Black Sea region’s oilseed crop for 2018-19 is estimated 160,000 tonnes higher, at 43.36 million tonnes, according to the latest estimates by the U.S. Department of Agriculture. In its October estimates, USDA estimated Ukraine rapeseed production would come in at 100,000 tonnes more than previous estimates to 2.7 million tonnes. Turkey’s […] Read more
Sunflowers look good overall, bumper crops for some
Reading Time: 2 minutes CNS Canada — Luc Remillard expects to be one happy farmer next week. He’s expecting to get into sunflower fields on land he farms with his father in Manitoba’s southern Red River Valley. “It’s right up there with any bumper crop that we’ve had the valley here,” he said. Remillard, who farms near St. Joseph, […] Read more
ICE weekly outlook: Canola set to chop around bottom end of long-term range
Reading Time: 2 minutes CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
ICE weekly outlook: Canola futures brace for harvest pressure
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts continued to hang above the psychologically-important $500 per tonne mark during the week ended Wednesday, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose $2.10 during the week to $506.90 per bushel by Wednesday’s open. As […] Read more
Crude oil and canola part company, for now
Reading Time: 2 minutes CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more
India to double state purchases of oilseeds, pulses
Reading Time: < 1 minute New Delhi | Reuters — India’s cabinet approved on Wednesday doubling state purchases of oilseeds and pulses from farmers, in a bid to boost local output and prevent distressed sales. The amount that state agencies guarantee to buy at pre-set prices will double to 190 billion rupees (C$3.7 billion) for a five-year period ending in […] Read more
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