MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
ICE weekly outlook: Canola’s wide crush margins supportive
Weekly Canadian canola exports climb higher
MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
ICE weekly outlook: Rising canola prices hit a one-day thud
"There's a day where we need to take a pause"
MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
Alberta RCMP spike grain truck to recover canola
Two suspects arrested, charged
RCMP in central Alberta say they’ve recovered a “significant amount” of canola and arrested and charged two people after a grain truck suspected in an alleged canola theft was halted by a spike belt. In a release Tuesday, RCMP at Bashaw — about 80 km northeast of Red Deer, in Camrose County — said they […] Read more
Complaints prompt change to InVigor seed treatment
There were numerous complaints about poor canola establishment but BASF says it wasn’t a lot of acres
Reading Time: 2 minutes Glacier FarmMedia – BASF will change the base seed treatment for InVigor canola hybrids next year out of an “abundance of caution,” says a senior company official. The announcement follows a string of farmer complaints this spring about establishment issues in their InVigor stands. The company will remove Vercorace, debuted this year as a broad-spectrum […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
ICE weekly outlook: Canola futures continue trending lower
MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
Candidates wanted for canola board
Reading Time: < 1 minute Nominations are open for four director positions on Alberta Canola’s board. Candidates don’t have to reside in a region to serve as a director but must have grown canola in it (or had a share of crop) and paid the canola checkoff. The four regions are regions 1 (the northwest corner of the province), 4 […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
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