Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
AAFC lowers canola ending stocks estimate
Fund short position in canola dips for fourth week
The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs
China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.
Saskatchewan Crop Report: Provincial harvest 99 per cent finished
Saskatchewan's 2024 harvest will be completed in a matter of days, according to the province's weekly crop report.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Saskatchewan crop report: Harvest nearly complete
Combining in Saskatchewan is virtually complete with the provincial report putting the harvest at 97 per cent finished overall. That's a gain of six points during the week ended Oct. 7, as parts of the province contended with rain delays.
ICE canola weekly outlook: Rising market hits resistance
The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Manitoba crop report: Most of the harvest off the field
Combining in Manitoba advanced 12 points at 85 per cent complete for the week ended Oct. 7. While some crops made great amounts of progress, others did not. The largest gains were made in the province's soybean and flax harvests as they are up 41 points apiece at 70 and 61 per cent finished respectively.
Canadian Grain Commission releases August export report
The Canadian Grain Commission's monthly report on grain exports for August 2024 - the first month of the 2024/25 marketing year.
Alberta harvest well ahead of five-year average
Progress hits 85 per cent complete
Harvest progress in Alberta reached 85 per cent complete as of Oct. 1, progressing 11 points on the week, according to the latest provincial crop report.
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