CNS Canada — ICE Futures Canada canola futures moved slightly higher during the week ended Wednesday, as values stayed mostly rangebound amid a dearth of fresh fundamental news. “The open interest is going down because the funds have been liquidating their positions; down under 10,000 contracts,” said analyst Wayne Palmer of Agri-Trend Marketing in Winnipeg,. […] Read more
ICE weekly outlook: Canola treads water waiting for news
ICE weekly outlook: Rangebound canola could go either way
CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but remain stuck in the same wide range they’ve been in for the past month. The technical trend is starting to point lower, but the possibility of a seasonal bounce is also still there. From a chart standpoint, both the […] Read more
ICE weekly outlook: Canola moving into choppy spring pattern
CNS Canada –– The ICE Futures Canada canola market saw some large price swings during the week ended Wednesday, but ended relatively steady compared to prices seven days earlier. The market is starting to move into a nervous spring trading pattern, which kept prices relatively rangebound and should continue for the next three to four […] Read more
Dreyfus’ commodities business posts higher 2014 profit
Paris | Reuters — Global trading group Louis Dreyfus Commodities reported a rise in full-year profit on Thursday as increased volumes and healthy processing margins helped offset lower market prices. Louis Dreyfus is one of the “ABCD” quartet of companies, alongside Archer Daniels Midland, Bunge and Cargill, that dominates agricultural commodity trading. The 164-year-old family-owned […] Read more
New Alta. canola crush capacity online soon
CNS Canada –– A new crushing plant Cargill is building at Camrose, Alta. will soon provide another outlet for Prairie canola, as the company is set to take delivery from farmers starting Tuesday. The facility, first announced in 2012, will be able to crush 2,500 tonnes of canola per day when operating at capacity. The […] Read more
ICE weekly outlook: Canola rangebound, for now
CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but managed to find some support to the downside and are looking rangebound overall. Canola is still looking firm relative to Chicago (CBOT) soybeans, said broker Ken Ball of PI Financial in Winnipeg. While solid commercial demand was one supportive […] Read more
Provincial canola commission donates $150,000 to GMO documentary
Commission chair says ‘something needs to be done’ to counter the attacks on genetic engineering by its critics
Reading Time: 3 minutes The ag industry’s answer to anti-GMO sentiment is nearly halfway to its funding goal, thanks to a sizable donation from the Alberta Canola Producers Commission. The commission is putting $150,000 toward Know GMO, a feature-length documentary being produced by Agri-Trend CEO Rob Saik. “There’s been a demand among producers to do something as anti-GMO sentiment […] Read more
Long liquidation looms in canola futures
CNS Canada –– Fund traders are still holding large long positions in canola, but could be poised to start liquidating some of those positions as prices near key chart support. Funds are sitting on a long position in “the mid-40,000 area”, according to a canola broker. “Further technical weakness would likely bring in some long […] Read more
Legumex Walker puts sale, merger options on table
Pulse, canola and special-crop processing firm Legumex Walker has declared itself open to “strategic alternatives” for its future, including a sale or merger. The publicly-traded Winnipeg company said Monday its board of directors has set up a review committee to “identify and consider strategic and financial alternatives… with the ultimate goal of maximizing shareholder value.” […] Read more
Canola council offers tips for better establishment
New video offers tips for seeding rate and depth, and other factors which produce an optimum stand
Reading Time: 2 minutes The Canola Council of Canada has a new video that describes key stand establishment steps using animated video and a question-and-answer format with growers. The video describes how uniform stands of seven to 10 plants per square foot act as insurance, preserving yield potential in the face of early-season threats from frost, insects and seedling […] Read more