Reading Time: 3 minutes Canola prices at the ICE Futures Canada trading platform closed the week ended June 8 on a firmer footing. Canola was underpinned by the need of domestic processors to cover nearby commitments and by the general strength displayed by the Chicago soybean complex. Growing concern about the tight global oilseed ending stocks picture, for this […] Read more
Fuzzy ending stocks picture supports canola values
Canola markets take a tumble
Bearish Great spring seeding conditions and the potential for record canola acreage contributed to the bearish market sentiments last week
Reading Time: 3 minutes Canola contracts on the ICE Canada platform experienced some significant losses during the week ended May 11. The sharp sell-off in the CBOT soybean complex helped to encourage the downward price slide as did renewed macro-economic issues which triggered some aggressive liquidation of long positions by speculative fund accounts. The triggering of sell-stop orders on […] Read moreRising canola futures find point of resistance
Warm weather The early spring in the U.S. was seen encouraging farmers to start planting corn rather than soybeans
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform moved higher during the week ended March 16. Concerns about the record pace of usage and the resulting depletion of old-crop canola stocks stimulated some of the upward price action. Chart-related speculative fund buying interest also contributed to the price advances. Much of that buying was […] Read moreCanola cools off as crushers curb demand
Reading Time: 3 minutes Canola futures on the ICE Futures Canada trading platform managed to hold on to small gains during the week ended March 2. Fresh export demand from Mexico, along with some pretty good chart-based speculative demand, facilitated the upward price action. Concerns about dry conditions heading into spring seeding on the Prairies helped to influence some […] Read more
Yields seen disappointing as Alta. harvest continues
Harvest activities in Alberta have been moving forward at a quick pace, but yields to date have been disappointing, according to a provincial crop specialist. The harvest of barley in Alberta was said to be roughly 70 per cent done, pulses 80-90 per cent complete, wheat about 10 per cent finished and canola in the […] Read more
StatsCan sees tight canola stocks, new-crop demand threatened
Canola supplies on-farm and in commercial position at the end of 2011-12 are seen as being on the "extremely tight" side — and market watchers say that will make it more difficult for exporters and domestic processors to meet targets moving forward. The canola ending stocks figure, in data released Friday by Statistics Canada for […] Read more
StatsCan expected to confirm tight canola stocks
Statistics Canada will release its grain and oilseed stocks in all positions report on Friday, which will help finalize supply/demand tables for crops produced during 2011-12. Market participants will be looking to see if there have been any adjustments to production by the government agency, and how tight canola stocks have become. "The important numbers […] Read more
Prairie winter wheat area seen up
The area seeded to winter wheat in western Canada this fall is expected to be higher than the level achieved last year at the same time, according to an industry official. "I’m fully expecting to see winter wheat area on the Canadian Prairies surpass the year ago level," said Jake Davidson, executive director of Winter […] Read more
StatsCan finds heat, disease hitting canola output
Statistics Canada’s first survey looking of grain and oilseed production in 2012-13 suggests weather took more of a toll on canola production than first expected, according to market watchers. "Of the estimates, canola was the most watched and it didn’t fail to draw attention," said Ken Ball, a broker with Union Securities in Winnipeg. Statistics […] Read more
Large canola crop anticipated in StatsCan report
Statistics Canada will release its first look at what grain and oilseed production in Canada will look like in the 2012-13 crop year on Wednesday, with some participants anticipating pretty big numbers for canola and wheat. Some industry players are of the belief that disease and weather during the development stage hurt the yield potential […] Read more
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