Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.
Tag Archives Canola — page 7
ICE Canada Weekly: Canola set to climb higher
Supplies getting tighter
Speculators exit short positions in canola
Net short smallest since 2023
Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola stocks shrink, wheat nudges up
StatCan issues stock report
With a decline of 19.2 per cent, total canola stocks in Canada dropped from a year ago, while all wheat stocks bumped up 0.9 per cent, Statistics Canada reported on Feb. 7.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
ICE Weekly: Tariff threats linger over canola market
Trump tariffs could sink canola prices
Tariff threats from United States President Donald Trump have the canola market on edge.
Upswings in most December grain deliveries
Declines in rye, flax
Deliveries of major grains increased from December to December, according to data released by Statistics Canada on Jan. 29.
December canola crush pushes higher
Canola crush exceeds 1 million tonnes
Data released by Statistics Canada on Jan. 29 showed the December crush of canola and soybeans came in higher than a year ago.
U.S. threatening Canada’s canola oil industry
Chinese used cooking oil another threat
Canada's canola oil industry is facing two threats from the United States, said Chris Vervaet, executive director of the Winnipeg-based Canadian Oilseed Processors Association.
ICE Canada Weekly: Canola facing ‘extreme uncertainties’ says trader
Excluded from U.S. biofuel tax credits, facing tighter supplies
The path canola is to take as January turns to February has been marked by “extreme uncertainties,” explained broker Ken Ball of Ventum Financial in Winnipeg.
Bunge-Viterra deal ‘effectively ends competition’ says NFU
Feds’ conditions not near enough to alleviate concerns
The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.
Cyber-Savvy Farmer
