CNS Canada –– The ICE Futures Canada July canola contract has run into resistance from a chart standpoint and nearby technical signals look neutral to bearish. The contract fell from two-month highs the past two sessions, settling right at the 20-day moving average Thursday around $518 per tonne. Prior to Wednesday’s selloff the contract was […] Read more
Canola chart turns neutral to bearish
ICE weekly outlook: Tight supplies keep canola supported
CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded […] Read more
ICE weekly outlook: Canola waits for stocks report
CNS Canada — ICE Futures Canada canola contracts continue to chop around in the lead-up to the release of a major report. Statistics Canada is due to release its estimates for the country’s canola stocks (as of March 31) on Friday. The dominant July contract eked out a minor gain of $1.30 per tonne during […] Read more
ICE weekly outlook: Rising canola watching weather
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as weather concerns mounted across the Canadian Prairies. While it’s still early in the Canadian planting season, persistent cool and wet conditions in many areas could lead to delays, said Mike Jubinville of ProFarmer Canada. Uncertainty over how much canola […] Read more
Four canola diseases to watch for
Is that canola crop afflicted by blackleg, root rot, both, or something else entirely? It’s a messy question farmers and agronomists encounter every year. Presenters tried to untangle those problems at CanoLAB in Vermilion this winter. Here are four diseases to watch for in canola fields this summer, and tips on diagnosing them.
Canadian producers to plant record canola crop, boost soybean acres
CNS Canada – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017/18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump of 2.02 million acres over last year. “It’s no surprise[...]
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ICE weekly outlook: More gains likely for rising canola
CNS Canada — ICE Futures Canada canola advanced sharply on the week and has room to strengthen further, though resistance is on the horizon. Canola far outpaced Chicago Board of Trade (CBOT) soybeans in the week ending Wednesday, as the market gathered independent strength. Since last week, July canola advanced about $18 per tonne, closing[...]
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‘Mystery’ canola attacker stumps scientists
Researchers have been trying to solve this ‘whodunit’ for years but so far, no one has been able to crack the case
Reading Time: 2 minutes It’s a classic ‘whodunit’ — the Case of the Confounding Canola Killer. And Alberta researchers are still scratching their heads over it 15 years later. “Since 2002, we’ve been finding this ‘mystery syndrome,’ and I don’t have a cause for it,” said provincial oilseed specialist Murray Hartman. “We get one nice flower that turns into[...]
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ICE weekly outlook: Canola looks to rise with commercial interest
CNS Canada — ICE Futures Canada canola contracts finished mixed during the week ended Wednesday as intermonth trading took hold with traders exiting the May contract in favour of the more deferred values. The May contract gained $5.70, while some of the outside contracts lost a few days. Ideas that supplies of canola are tightening[...]
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ICE weekly outlook: Steady canola awaits acreage data
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in six months during the week ended Wednesday, but uncovered support to the downside and may be entering a period of consolidation. “On canola, we’re seeing a stabilization period after a sharp downward move,” said Jerry Klassen, manager of Canadian operations with[...]
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