Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest […] Read more
Canola
Fund short position grows in canola
Corn planting nears completion, first cut alfalfa begins
OMAFRA Field Crop Report for the week of June 6
Field Conditions Significant planting progress has been made in many areas across the province over the last two weeks. Some growers were able to wrap up their corn, soybean and […] Read more
ICE canola weekly outlook: Peaks likely in for the season
The ICE Futures canola market fell sharply lower during the first few trading days of June, taking out several former support levels on the way down as large old crop supplies, relatively favourable new crop production prospects and speculative fund selling weighed on prices.
Bigger cereal, pulse crops for Australia as canola contracts
Winter crop production in Australia has been projected to increase nine per cent at 51.3 million tonnes for 2024/25. That’s according to the Australian Bureau of Agricultural and Resource Economics and Sciences which issued its latest supply and demand report on June 3.
Farm groups criticize capital gains inclusion rate change
Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers
In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
Manitoba crop report: Seeding continues despite large rainfall
Despite heavy rains as well as snowfall, Manitoba farmers were still able to make planting progress during the week ended May 25, according to the province’s weekly crop report.
St. Lawrence Seaway grain movement up five per cent in 2023
Grain movement through the St. Lawrence Seaway was up by five per cent in 2023 compared to the previous year, with Canadian wheat accounting for well over half of all the grain moved, according to a joint report from the Canadian St. Lawrence Seaway Management Corporation (SLMC) and the United States Great Lakes St. Lawrence Development Corporation (GLS) released May 27.
Fund short position steady in canola
The managed money net short position in canola futures held steady during the week ended May 21, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Weekly: Canola reaches 2024 highs
Canola futures at the Intercontinental Exchange (ICE) rose to their highest levels of 2024 during the week ended May 22.
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