CNS Canada — Large speculators continued to add to their net short positions in the ICE Futures canola market during the week ended Tuesday, according to the latest Commitment of Traders report compiled by the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators grew their net short position in canola to […] Read more
Speculative short position grows in canola
Canadian canola could make its way into Australia
CNS Canada — A potential shortage of canola on Australia’s east coast has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story Tuesday on the Australian website Farm Online quoted Australian Oilseeds Federation CEO Nick Goddard as explaining the potential for Canadian canola to make […] Read more
ICE weekly outlook: Canola still watching soy, weather
CNS Canada — ICE Futures canola contracts moved off their nearby lows over the week ended Wednesday as persistent harvest delays provided support. Additional strength, however, may be dependent on movement in the Chicago soybean market. “Soybeans will be the driving force behind which way canola futures go,” said commodities investment advisor David Derwin of […] Read more
Speculators grow net short position in canola
CNS Canada — Large speculators added to their net short positions in the ICE Futures canola market 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 grew their net short position in canola to 27,709 contracts […] Read more
ICE weekly outlook: Canola’s downward spiral to continue
CNS Canada — ICE Futures canola contracts will continue to drift downward for the foreseeable future, according to one analyst. “The demand isn’t here because the buyers know that the farmer is undersold and they have to sell it,” said Wayne Palmer, senior market analyst with Exceed Grain. The November canola contract dipped below the […] Read more
Canola directors wanted for four Alberta regions
Nominations are due Oct. 31
Reading Time: < 1 minute Alberta Canola Producers Commission is seeking four canola growers to serve as directors on its board for a three-year term. This year, directors are needed in Regions 3, 6, 9, and 12. The commission has directors from 12 regions, one-third of which are elected annually. Any producer who sold canola since August 2016 is eligible, […] Read more
Canola crush margins tightest in years
CNS Canada — Canola crush margins have fallen to some of their lowest levels in more than a decade, which should keep a lid on any upside in prices. As of Thursday, the canola board crush margin calculated by ICE Futures U.S. was only about $26 above the November contract, which compares with levels a […] Read more
ICE weekly outlook: Pressure builds on canola as yield outlooks vary
CNS Canada — ICE’s November canola futures look poised to continue chopping around between the $490-$500 per tonne mark, as uncertainty over yields in Western Canada sows seeds of doubt throughout the trade. “Yields that have been coming in suggest the crop will be bigger than the (Statistics Canada) estimate,” said Ken Ball of PI […] Read more
ICE weekly outlook: Yields still up in the air
CNS Canada — ICE Futures canola contracts recovered off of nearby lows over the week ended Wednesday, but failed to rise to the same extent as the product values as the commodity remains expensive compared to other oilseeds. With the harvest underway across the Prairies, traders are focused on yield estimates and the size of […] Read more
Researcher offers ‘gospel’ to control clubroot before it spreads
If the infected area is small, mark it and give it special attention — which may even include hand-weeding
Reading Time: 3 minutes When the world’s top clubroot researchers gathered here earlier this month, a hot topic of discussion wasn’t cutting-edge science but an old-fashioned way of controlling a crop infestation — hand-pulling diseased plants. Once a field is heavily infested with clubroot spores, there’s virtually no economical way to deal with the infestation. But at the International […] Read more