CNS Canada –– Speculators added to their net short positions 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). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, […] Read more
Funds’ net short position growing in canola
ICE weekly outlook: Canola seen dropping further still
CNS Canada — As global oilseed overproduction and a trade war rages on between the U.S. and China, producers should get used to lower canola prices, according to one analyst. “For the last two years (we’ve been) moving in a $480-$530 type of range. My best guess is that when we get into 2019, (without […] Read more
Trends stand out in StatsCan crop data: report
CNS Canada — Second-guessing Statistics Canada’s crop information may be a time-honoured tradition across the Prairies, but there are trends in the data that stand out, according to a recent report from the government agency. Looking at data over the past decade, total seeded canola acres were revised higher in the June survey compared to […] Read more
ICE weekly outlook: Canola market establishing a base
CNS Canada – Canola contracts on the ICE platform are trading near their lowest levels in more than a year, but could be running out of room to the downside. With the North American harvest pressure easing and the South American soybean harvest still a number of months away, canola has window of opportunity where […] Read more
Four reasons to try new canola genetics
As part of your planning for next season, sit down with your local seed rep and work out a game plan to test drive some new canola seed products on your farm. Here are four reasons why it’s always worth investing the time and effort.
Trade agreement a big deal for canola growers
Trans-Pacific Partnership trade accord comes as canola acreage poised to grow once again
Reading Time: 4 minutes The timing couldn’t be better. Tariffs on Canadian canola oil into Asia could be scrapped as early as January if the new Trans-Pacific trade deal goes into effect. And that’s good news as canola growers seem poised to boost acreage this coming spring. Canada ratified the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) late[...]
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Visible canola supplies building: CGC report
CNS Canada – Canadian canola stocks in the commercial pipeline increased for the fifth-straight week, according to the latest data from the Canadian Grain Commission, as solid post-harvest deliveries more than made up for the routine demand from exporters and the domestic crush sector. Farmers delivered 499,900 tonnes of canola during the week ended Oct.[...]
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ICE weekly outlook: ICE canola could go lower still
CNS Canada – It’s a dismal outlook for the ICE canola market as it has hit new yearly lows and could go lower still, according to one trader. “Unfortunately the news for the moment doesn’t seem to be overwhelmingly bullish news. It continues to be a little bit on the tad negative side,” said Keith[...]
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ICE weekly outlook: Canola funds maintain net long position
CNS Canada – Speculators grew their net long positions in the ICE canola market slightly during the week ended Oct. 23, while commercial traders built their positions on the short side, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money and other reportable[...]
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ICE weekly outlook: Market watching late harvest
CNS Canada – Canola futures have found themselves in a downward slide, with the market settling right above major support levels on Oct. 24. The January contract finished Wednesday’s session at C$491 per tonne, which was right above major support at C$490 per tonne. “If it legs down, I think a swing target could be[...]
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