Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
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Tag Archives Canola — page 10
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
AAFC lowers canola ending stocks estimate
Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
Fund short position in canola dips for fourth week
The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
ICE canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Alberta harvest well ahead of five-year average
Progress hits 85 per cent complete
Harvest progress in Alberta reached 85 per cent complete as of Oct. 1, progressing 11 points on the week, according to the latest provincial crop report.
Eastern Canadian oilseeds to receive funding
Minister of Agriculture and Agri-Food Lawrence MacAulay has announced funding up to C$4.3 million over five years to the Eastern Canada Oilseed Development Alliance (ECODA).
Bayer to acquire HyTech canola facility
Bayer CropScience Inc. announced on Oct. 3 it will purchase the HyTech canola treating and packaging plant near Coaldale, Alta. with the sale to be made final on Nov. 1.
ICE canola weekly outlook: Running into resistance
The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
Manitoba Crop Report: Heavy rainfalls slow harvest
Manitoba harvest advances to 58 per cent complete, despite rain delays.
Cyber-Savvy Farmer
