MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
ICE weekly outlook: Canola values stay rangebound
Fund short position down in canola, beans
MarketsFarm — Fund traders covered some of their large net short positions in canola and soybeans during the week ended Tuesday, while adding to their bearish bets on corn, 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 […] Read more
Canola deliveries slow as Prairies’ harvest drags
MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids
MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more
Funds’ canola short position up, for now
MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), 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 canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
ICE weekly outlook: Canola breaks out of week-long funk
MarketsFarm — It’s unclear yet what effect Thursday’s satellite field crop estimates from Statistics Canada will have on markets. Canola broke out of a six-day funk Wednesday, trending just slightly higher for the first time since Wednesday last week. Technical biases remain to the downside, as prices hover around contract lows. “There are a lot […] Read more
Clubroot able to beat resistant canola reaches Manitoba
A strain of clubroot able to club the roots of some resistant canola varieties has made its way east to Manitoba. Manitoba’s agriculture department reported Friday that clubroot pathotype 3A — a strain that can “overcome some first-generation sources of genetic resistance” in commercial canola — has been positively identified in the south-central rural municipality […] Read more
New video on how to manage clubroot
Reading Time: < 1 minute The Canola Council of Canada has a new clubroot video focusing on key management strategies for dealing with the disease. The 15-minute video outlines steps for minimizing the risk of introducing the disease-causing pathogen to a farm, including the three stages for cleaning equipment so it doesn’t bring contaminated soil to a field. It also […] Read more
Canada takes first step at WTO to challenge China’s canola ban
Ottawa | Reuters — Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China’s decision to block Canadian canola exports, Trade Minister Jim Carr said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive last year on a U.S. arrest […] Read more
Fund traders add to net short positions in canola, corn
MarketsFarm — Fund traders added to their large net short position 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 canola came in Tuesday at 65,750, an increase of 3,600 contracts from the […] Read more