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Tag Archives Canola — page 66

(Dave Bedard photo)
Crops, Markets

Funds reduce net short position in canola

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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
(MarketsFarm graphic)
Markets

Burnett on Markets: Suddenly agriculture is important

COVID-19 is putting food security in the spotlight

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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
(File photo by Dave Bedard)
Crops, Markets

ICE weekly outlook: Canola, soy crush margins up sharply

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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
Farmer Steve Mackenzie-Grieve pulls harvested wheat from a grain bin at the Yukon Grain Farm near Whitehorse on Feb. 19, 2020. (Photo: Reuters/Crystal Schick)
Crops, Markets

Wheat in Whitehorse: How climate change helps feed Canada’s remote regions

Newfoundland and Labrador also pushing to expand arable land base

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Winnipeg/Ottawa | Reuters — After failing to grow wheat in the Yukon territory 15 years ago, farmer Steve Mackenzie-Grieve gave it another shot in 2017. Thanks to longer summers, he has reaped three straight harvests. This spring he plans to sow canola on his family’s 450-acre farm near Whitehorse, a city not much further from […] Read more
(Dave Bedard photo)
Crops, Markets

Fund traders cover canola shorts, liquidate corn longs

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MarketsFarm — Fund traders were covering short positions in canola and liquidating longs in corn 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 58,455 contracts (2,163 long/60,618 […] Read more
ICE Futures May 2020 canola with 20-day moving average and CBOT May 2020 soyoil (red line). (Barchart)
Crops, Markets

ICE weekly outlook: Volatility hampers canola

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MarketsFarm — Canola values have been at the mercy of volatile financial markets this week, trading in lockstep with headlines of plummeting crude oil values and stock indices. “We’re getting into a bit of a pattern in the markets,” Ken Ball of P.I. Financial in Winnipeg said, explaining that prices will show some strength, then […] Read more
(File photo courtesy Canola Council of Canada)
Crops, Markets

USDA adjusts world rapeseed stocks estimates

Canadian carryout pegged above AAFC's estimate

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MarketsFarm — World rapeseed ending stocks are forecast to tighten slightly in 2019-20 compared to earlier projections, according to an update from the U.S. Department of Agriculture’s Foreign Agriculture Service. The Oilseeds: World Markets and Trade report pegged world rapeseed carryout for the current marketing year at 6.307 million tonnes, down from the February estimate […] Read more

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