MarketsFarm — Commodity fund traders bought back some of their previously sold contracts in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 50,987 contracts, a decrease […] Read more
Speculators covering canola shorts in latest trading report
ICE weekly outlook: Palm oil shortage leads to canola rally
MarketsFarm — As Malaysian palm oil continues to increase in price due a shortage, it has led to a rally in canola on ICE Futures, said Wayne Palmer of Exceed Grain in Winnipeg. The shortage stems from dry conditions in Indonesia and Malaysia, the world’s top two palm oil producers. While the dryness has been […] Read more
Millions of acres of canola freeze, compound ‘harvest from hell’
Winnipeg | Reuters — Heavy snow and rain during harvest on the Canadian Prairies have left several million acres of canola buried until spring, the latest blow in a miserable year that may compound farmer problems into 2020. Canola is renowned as Canada’s most profitable crop, exported to China, Japan and Mexico to make vegetable […] Read more
Fund traders hold steady in canola
MarketsFarm — Commodity fund traders are maintaining a steady short position in ICE Futures canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 53,576 contracts on Tuesday, steady with the previous week. Open […] Read more
ICE weekly outlook: Steady canola market stuck in rut
MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices […] Read more
Five ways to help keep blackleg out of your fields
Three out of four fields in Western Canada are showing blackleg,” said Justine Cornelson, agronomy specialist with the Canola Council of Canada. For the last 10 years or so, the incidence of blackleg has been low on the Prairies, but lately, she said, “we’re starting to see a slight trend upwards.” Cornelson was speaking at[...]
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Fund traders increase canola short position
MarketsFarm – Commodity fund traders added to their net short positions in canola and corn over the past week, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money traders were also on the sell side in soybeans, reducing their net long position in[...]
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ICE weekly outlook: Canola values trading in a range
MarketsFarm – Canola has remained trading in a range for most of the week, with short coverings a feature in trading. Canola values have been well-supported by Malaysian palm oil values, which were stronger for most of the week due to tight supplies and lowered production. On Tuesday, benchmark palm oil contracts hit their highest[...]
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Alberta Canola Producers sees director races in Regions 4 and 7
There will be elections in two of the Alberta Canola Producers Commission’s (ACPC) 12 regions, according to a statement from the commission. In Region 4, incumbent John Mayko of Mundare will square off against challenger Kyle Tarkowski of Myrnam. The candidates will speak at the regional meeting in Vegreville on Nov. 20. In Region 7,[...]
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Bearish fund traders add to shorts in canola and corn
MarketsFarm – Commodity fund traders added to their net short positions in canola and corn, while they maintained a steady position in soybeans, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC) as of Nov. 1. The net managed money short position in ICE Futures[...]
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