Reading Time: < 1 minute Demand from China has been the headline factor in the price rise for canola (and a lot of other commodities) but the oilseed is also benefiting from a diversified export base, says provincial market analyst Neil Blue. While China has greatly ramped up its purchases and long-term buyer Japan sits in the No. 2 spot, […] Read more
Wide base of customers aids canola market
ICE weekly outlook: Volatility day-to-day in bullish canola market
MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst […] Read more
ICE weekly outlook: How long can canola remain well supported?
MarketsFarm — Despite recent declines in canola prices, the Canadian oilseed remains very well supported, according to Errol Anderson of Market Place Communications in Calgary. The question he posed, though, was for how long can this last? “The market is incredibly well supported because of the lack of deliveries and that the crushers are still […] Read more
ICE weekly outlook: Canola entering uncharted waters
MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and everybody won’t make a profit […] Read more
Going green could be golden for canola growers
Ottawa’s new ‘clean fuel’ rules could quadruple the amount of canola processed into biodiesel
Reading Time: 4 minutes Ottawa’s new “clean fuel” rules aren’t in place yet — much less new biodiesel plants — but going green will be a big win for canola growers, say industry officials. “We are excited about the opportunity because what drives the demand for feedstock is the ability of that feedstock to lower the carbon emissions of […] Read more
ICE weekly outlook: Potential remains for higher canola prices
MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
Funds’ net long position edges lower in canola
Net long increased in MGEX and K.C. wheats
MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more
ICE weekly outlook: WASDE spillover boosts canola
Canola may soon become price-sensitive, analyst says
MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further reductions to ending stocks for […] Read more
As clubroot grows in strength, counties boost their defences
Six municipalities have banded together to boost surveillance and encourage farmers to be proactive
Reading Time: 4 minutes Six partnering municipalities in the northeast region have stepped up their clubroot monitoring and are running an enhanced clubroot surveillance program. “There’s a lot of presence of clubroot in the Edmonton region. There’s a lot more traffic in that area. That’s where it was first discovered and is prevalent,” said Hannah Musterer, agricultural services technician […] Read more
Using more canola for biofuels would be a ‘win win’
Canola Council of Canada backs the federal government’s plan to boost the use of green fuels
Reading Time: 2 minutes Part of the federal government’s plan to reduce greenhouse gas emissions is drawing qualified praise from the Canola Council of Canada. The organization says it “sees potential in the federal government’s proposed rules for the Clean Fuel Standard.” The measure is intended to “reduce the carbon intensity of the fuels” and one of those ways […] Read more
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