The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
Alberta farmers agree prices up, costs up faster
StatCan figures suggest farmers once again caught in cost-price squeeze
Reading Time: 4 minutes Alberta farm groups say they’ve seen a recently reported drop in realized farm income play out in real time. Recent figures from Statistics Canada show that producers across the country earned more money in 2022 compared to the previous year, but rising expenses more than ate up that increase. The net result was a 7.6 […] Read more
Funds back adding to shorts in canola after month of covering
Corn traders were on the other side of the market
After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola meal shows benefits for milk production, lower emissions
New study reviewed 20 years of nutrition research, finds high inclusion rate works well
Reading Time: 2 minutes Glacier FarmMedia – A new review in the journal Advances in Dairy Research indicates canola meal provides numerous dairy ration benefits. The international journal review examined 20 years of canola meal studies in dairy rations, revealing it’s a high-quality protein feed capable of boosting milk production and reducing dairy herd methane emissions. “It’s rare to […] Read more
China accounting for bulk of Canadian canola exports so far
Chinese wheat imports roughly half of last years' at same time
China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6.
Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
ICE weekly outlook: Canola likely to keep sliding back
With larger crop, trade likely to be overwhelmed by deliveries, analyst says
There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4.
Opinion: Setting research priorities a complex puzzle
Could the canola story happen today in an era of ‘research clusters’?
Reading Time: 3 minutes Glacier FarmMedia – It’s often observed that from tiny acorns, mighty oaks grow. Nowhere in the western Canadian agriculture scene is this truer than in the canola sector. When one pauses to reflect, one can only marvel at what has happened. A relatively obscure crop, grown largely as a machine lubricant, was transformed into one […] Read more
U.S. grains: wheat futures rocket higher on private sales to China
Corn ended narrowly mixed supported by a favorable export inspection report by U.S. government
Chicago Board of Trade wheat rose nearly three per cent on Monday, with the most-active contract Wv1 reaching the highest level since late August after the U.S. Department of Agriculture confirmed the largest one-off private sale to China in years.
Keep your crops market ready
Reading Time: < 1 minute The quality and reputation of Canadian canola, cereals and pulses are amongst the best in the world, and Canadian growers work hard to produce crops to the highest standard. An important part of maintaining the trust of Canada’s domestic processors, grain buyers and export customers relies on meeting the residue tolerances of Canada’s global customers. […] Read more
Net fund short position edges down in canola
CBOT fund traders were liquidating some large net long positions in soybeans
Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
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