Latest Newsletter

Tag Archives Canola — page 68

ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola correcting off lows

By
MarketsFarm — The ICE Futures canola market fell sharply over the last half of January but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” MarketsFarm Pro analyst Mike Jubinville said of the recovery in canola. The March contract hit a session low […] Read more
File photo of canola under snow in October 2016. (Lisa Guenther photo)
Crops, Markets

Unharvested crops skew StatsCan stocks data

By
MarketsFarm — Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because of poor weather conditions during […] Read more
(Dave Bedard photo)
Crops, Markets

Fund short position grows in canola

By
MarketsFarm — Large fund traders were betting that canola and soybean futures would move lower in late January, with the net managed money short position in both oilseeds rising in 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 […] Read more
Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)
Crops, Markets

Poor Chinese demand a setback for grain exports

By
MarketsFarm — Canadian grain exports from licensed facilities are running well behind the previous year’s pace, due primarily to a sharp reduction in movement to China, according to latest monthly data from the Canadian Grain Commission. Total exports at Dec. 31 of grain, oilseed and pulse crops for the 2019-20 crop year to date came […] Read more
ICE Futures July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola values steady after losses

Weaker loonie supportive for canola

By
MarketsFarm — Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins […] Read more
(Photo courtesy Canola Council of Canada)
Crops, Markets

Canadian canola crush sets new monthly record

By
MarketsFarm — Canadian oilseed crushers set a new monthly record for processing canola in December 2019, crushing 899,301 tonnes of the crop during the month, according to the latest data from Statistics Canada. The crush pace was up by 70,000 tonnes from November and compares with the previous record of 882,301 tonnes, set just two […] Read more
ICE Futures March 2020 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

High stocks-to-use ratio weighs on canola

By
MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation […] Read more
(File photo by Dave Bedard)
Crops, Markets

Large funds back on short side in soybeans

By
MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, 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 20,366 contracts on […] Read more
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. Merit also recently picked up support from research “supercluster” Protein Industries Canada to help further develop pea and canola proteins. (Meritfoods.com)
Crops

Nestle to source plant proteins from Winnipeg

By ,
Winnipeg/Zurich | Reuters — Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Meat substitutes from plants in burgers, nuggets and many other foods are a fast-growing industry, driving up […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC forecasts more wheat, less canola seeded in spring

By
MarketsFarm — Canada’s farmers will seed more wheat and less canola in the 2020 growing season, according to the first supply/demand estimates for the 2020-21 marketing year, released Thursday by Agriculture and Agri-Food Canada. Total seeded wheat area is forecast to rise to 25.77 million acres, from 25.02 million the previous year. Production is forecast […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast