Winnipeg/Commodity News Service Canada – ‘A lack of significant farmer selling’ has been a common talking point from analysts whenever they’ve had to account for some unexplained strength in the canola market in recent weeks. However, that line may need to be retired, as the official data tells a different story. According to Canadian Grain […] Read more
Huge weekly canola deliveries In latest CGC report
Wide range of speakers coming to canola meetings
Alberta Canola Producers Commission meetings will run from Nov. 17 to Dec. 1
Reading Time: < 1 minute Agronomy, marketing, and farm business management will be in the spotlight at Alberta Canola Producers Commission growing meetings next month. The commission has lined up 18 speakers, with four of them giving presentations at each of the dozen meetings being run from Nov. 17 to Dec. 1. ‘Creditor proofing,’ price protection strategies, global demand for […] Read more
Canola testing chart support
CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators and the weakest level for […] Read more
Don’t gamble by not aerating your canola
Uneven maturity means there’s more green seed this year, and that ups the risk of spoilage
Reading Time: 2 minutes You can lose a lot of money in a hurry, so watch for potential canola storage problems as fall transitions into early winter, says a provincial crop specialist. “Canola seed’s high oil content makes it very susceptible to deterioration in storage,” said Neil Whatley. “Safe, long-term canola storage is at or below eight per cent […] Read more
Scorching heat delays India’s rapeseed sowing
Mumbai / Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more
A golden future? Trade deal could see more canola crushing here
Canola producers who farm close to crush plants can get premiums, but it can mean more trucking costs
Reading Time: 4 minutes Canadian canola producers are poised to crush the Asian canola oil market if the Trans-Pacific Partnership trade deal is implemented. “The immediate benefit in the next five years is going to be that the tariffs on canola oil going into Japan are going to drop from 15 per cent to zero,” said Ward Toma, general […] Read more
ICE weekly outlook: Bounce possible for rangebound canola
CNS Canada –– ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, but could be due for a move higher if the market follows its typical seasonal patterns. The November canola contract has trended sideways over the past month, with prices ranging from $460 to $480 per tonne. That price range is […] Read more
ADM increases stake in Wilmar
Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
ICE weekly outlook: Canola can’t crack resistance
CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more
Three young Alta. sisters lost to grain truck mishap
Rocky Mountain House | AFE — A community in central Alberta is in mourning following the deaths of three young sisters in a grain truck mishap on Tuesday night. “This is hitting us all very hard. Frontline responders are routinely called out to sad situations, but things are always harder when there’s children involved,” said […] Read more