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
ICE weekly outlook: Canola seen dropping further still
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
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. […] Read more
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 […] Read more
Canola funds cover shorts, move to net long
CNS Canada — Speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, moving from a net short position to a small net long 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 moved from […] Read more
ICE weekly outlook: Canola trends lower as farmers sell, harvest
CNS Canada — The ICE Futures canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. (There) are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed […] Read more
Counties remain vigilant — but not heavy handed — in clubroot battle
Extensive scouting, canola-growing bans, and seeking farmer buy-in are keys to containment strategy
Reading Time: 4 minutes As clubroot continues to spread across Alberta, many counties are in the management — not a prevention — phase. Cody McIntosh, agricultural manager for Red Deer County, said the county inspected 140 fields this year. “We confirmed another five fields (with clubroot), which is kind of the trend that everybody is seeing,” he said. “We […] Read more
Heavy canola deliveries despite harvest delays
CNS Canada — Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the […] Read more
Outrage, acceptance greet Son of NAFTA
Responses from Canada’s farm sectors range from acceptance to anger as concessions and market access granted under the successor to the North American Free Trade Agreement (NAFTA) come into clearer view. Dairy: ‘Who needs an enemy?’ The new agreement, announced Sunday and dubbed the United States-Mexico-Canada Agreement (USMCA) by the U.S. government, is expected to […] Read more