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Tag Archives Canola — page 8

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Markets

ICE Canada Weekly: Canola could enter narrow range

Soyoil, loonie, StatCan report among supportive factors

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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
Markets

Bearish speculative bets rise in canola futures

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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).
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Markets

ICE Canada Weekly: Uncertainty weighs on canola

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As the Canadian canola industry remained braced for whatever may come from China in regard to tariffs, a sharp blow to the oilseed arose from a much different source. United States President-elect Donald Trump threatened Canada and Mexico with 25 per cent tariffs on their goods imported by the U.S. effective Jan. 20, the day he’s sworn in.

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