“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

Canadian canola exports surging in 2024/25

China top customer

Canadian canola exports continued to stay far above those in 2023/24, the Canadian Grain Commission reported earlier in January. In the CGC's monthly report those outbound shipments of canola from licensed facilities at the end of November reached 3.84 million tonnes which are up by more than 80 per cent from a year ago.





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ICE Canada Weekly: Canola could enter narrow range

Soyoil, loonie, StatCan report among supportive factors

As the turnaround in canola continued, analyst said there are three factors underpinning the swing upward. David Derwin, commodities futures advisor for Ventum Financial in Winnipeg, pointed to the gains made by soyoil futures on the Chicago Board of Trade, the weakening of the Canadian dollar, and the reduction in the canola harvest made by Statistics Canada.


Poor growing conditions this year in the EU may create a greater opportunity for Canadian producers to sell their commodities overseas.  Photo: FIle

Bearish speculative bets rise in canola futures

Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).