MarketsFarm — Speculators added to their large net short position in ICE Futures canola 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 and other reportable speculators had a net short position of 58,004 contracts on Tuesday, up by about […] Read more
Large spec short position overhanging canola market
You can count on thousand seed weight
Seeding by weight or volume is too imprecise to give you the optimum number of plants per square foot
Reading Time: 3 minutes The message is clear: If you’re still using bushels or pounds per acre as your seeding measure, you may not only be losing yield but spending more on seed than necessary. More and more producers are adopting thousand seed weight (TSW) as their primary seeding measurement. TSW is a more precise gauge of seed size […] Read more
Make sure your seed and fertilizer can get along
Side- and mid-row banding help, but watch that P in the seed row — especially in a dry spring
Reading Time: 4 minutes Fertilizer and seed are what you might call the best of frenemies. They need each other but if conditions aren’t right, one of them (in this case, the seed) is likely to get hurt. And that goes double if you’re growing a small-seed crop like canola under dry conditions. Three of the biggest concerns canola […] Read more
Joint conference brings canola producers up to speed
MarketsFarm — The Canola Council of Canada (CCC) and the Canadian Canola Growers Association (CCGA) have given farmers an update on the current situation between Canada and China. The 38-minute joint webinar/teleconference last Thursday (April 18) featured CCC president Jim Everson and CCGA executive director Rick White. Everson made it clear China is still honouring […] Read more
ICE weekly outlook: Acreage report halts canola skid
MarketsFarm –– Statistics Canada’s acreage report has provided something of a much-needed bounce for canola bids. Canola hit a record low Tuesday, with the May contract at $437.80 per tonne and the July contract at $446.10 per tonne. The primary reason for the huge drop was the price of soybeans on the Chicago Board of […] Read more
To store or sell canola? That is the question
As grain companies try to boost sales in other countries, growers ponder long-term storage
Reading Time: 4 minutes China’s ban on Canadian canola means that farmers have to take different strategies this year. Some are planning to store their canola on farm, while others are planning to sell. “Anything that has been ordered already, companies are honouring those canola contracts,” said Wade Sobkowich, executive director of the Western Grain Elevator Association. “They’re pencilling […] Read more
Less canola, more wheat expected from Statistics Canada
Winnipeg | MarketsFarm – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24. Canola prices in Western Canada have dropped over the past few […] Read more
Ottawa pressed to consider more options on China’s canola ban
With canola export issues still looming large, some Canadian ag industry groups want the federal government to boost its diplomatic presence on the matter. The Canola Council of Canada on Wednesday said a Canadian technical delegation “has not yet been accepted” to travel to China and address Beijing’s recent suspensions of canola imports from two […] Read more
ICE weekly outlook: Canola sideways, waiting for news
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain stuck in a sideways trading range overall waiting for some fresh market-moving news. “April is usually the quietest month of the year for us,” said Ken Ball of PI Financial in Winnipeg. In addition to large world oilseed supplies overhanging […] Read more
Canola fund short position edges down, but still large
MarketsFarm — The large speculative short position in ICE Futures canola contracts only saw a minor adjustment during the week ended Tuesday, with only a small reduction in the net reportable position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators […] Read more
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