MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart […] Read more
Tag Archives Canola — page 55
ICE weekly outlook: Canola stronger at midweek
October crush numbers up, canola record set
MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more
Crop stocks forecasts mostly unchanged in AAFC supply/demand report
Corn carryout revised upward
MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more
Grain Growers of Canada lobby Parliament Hill
Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says
Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain […] Read more
Neonic ban decision expected in six months
Health Canada said it now has further information to consider in making its decision
Glacier FarmMedia — Health Canada is expected to make a decision on neonicotinoid insecticides in about six months. Federal scientists have studied neonics and their potential impact on aquatic insects for years. The final judgment was scheduled for this autumn, but now won’t happen until the spring. “Due to the vast amount of new information […] Read more
ICE weekly outlook: Bull market in canola’s grasp
That said, watch for cracks in demand side of equation
MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more
Profit-taking cuts into fund net longs in canola, soy
MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola […] Read more
Export demand keeps Thunder Bay grain traffic solid
MarketsFarm — Grain movement out of Thunder Bay continues to run at a very strong pace, with shipments to Europe, the Middle East and North Africa behind much of the increased movement. As of Saturday, more than two million metric tonnes of grain have been directly exported from Thunder Bay elevators by ocean-going (saltie) vessels […] Read more
ICE weekly outlook: Canola stronger at midweek
MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more
Input Capital takeover falls through
Input says U.S. buyer to walk away, pay termination fee
The Regina company that brought “streaming” to the Prairie canola marketing business is considering its other options now that a friendly cash bid from a U.S. suitor has been taken off the table. Input Capital said Thursday that Washington, D.C.-based investment firm Bridgeway National, which in August proposed to buy Input for about $96.15 million, […] Read more
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