Reading Time: 2 minutes MarketsFarm — Canola production is on different paths in Canada and Australia, according to the respective attachés from the U.S. Department of Agriculture (USDA). For the world’s top two canola exporters, the attachés forecast production in Canada to remain steady and project strong gains for Australia. USDA’s Foreign Agricultural Service (FAS) published the reports Monday, […] Read more
Tag Archives Canola
Canola production paths diverge for Canada, Australia
Issues seen in Canadian crop quality, logistics
China yet to resume all canola imports from Canada, officials say
No correction measures yet shown, Chinese foreign ministry says
Reading Time: < 1 minute Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not […] Read more
Funds covering shorts in canola
Traders also move to net long in Chicago soybeans
Reading Time: < 1 minute MarketsFarm — Fund traders covered short positions in canola and moved to a net long position in Chicago soybeans during the week ended Wednesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Wednesday at […] Read more
ICE weekly outlook: Canola loses strength at midweek
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the […] Read more
U.S. projects wheat acres at record lows, increases for soy, corn
Grain stocks as of March 1 down on year
Reading Time: 2 minutes MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its […] Read more
Canola dockage agreement with China expires, but limited exports to continue
Most remaining shipments meet Beijing's requirement
Reading Time: 2 minutes Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an […] Read more
China to resume imports of Canadian canola, sources report
Reading Time: 2 minutes Beijing | Reuters — China has agreed to allow imports of Canadian canola to resume, two sources briefed on the matter told Reuters on Tuesday, lifting a ban in place since March 2019 that had halted US$2 billion worth of trade. The agreement was reached during a call held by China’s customs administration and Canada’s […] Read more
Funds reduce net short position in canola
Reading Time: < 1 minute MarketsFarm — Fund traders were covering short positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 48,614 contracts (886 long/49,500 short), a decrease of about […] Read more
Burnett on Markets: Suddenly agriculture is important
COVID-19 is putting food security in the spotlight
Reading Time: 2 minutes MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then […] Read more
ICE weekly outlook: Canola, soy crush margins up sharply
Reading Time: < 1 minute MarketsFarm — As canola and other ag commodities made strong gains over the last week, there was something a little strange about them, according to Winnipeg-based trader Bill Craddock. Crush margins, he said, follow prices for edible oils and meal, as well as the Canadian dollar. It’s all part of the formula used to calculate […] Read more
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