Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
Solid Canadian grain/oilseed exports to start 2024/25
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
Manitoba Crop Report: Harvest nearly one-quarter complete
Manitoba’s harvest continued to progress, reaching 24 per cent completion as of Sept. 2 despite light to moderate precipitation in most areas, according to the latest provincial crop report. Combining for winter wheat and fall rye was near complete at 97 per cent with a few fields in the northwest and Interlake regions yet to […] Read more
Australian crop production estimates rising: ABARES
Australian wheat and barley production in 2024/25 is expected to be larger than earlier estimates and well above what was grown the previous crop year, according to updated estimates from the Australia’s agriculture department (ABARES). Wheat production was forecast at 31.8 million tonnes in the September ABARES report, which would be up by 2.7 million […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
USDA adjusts August supply and demand numbers
While the United States Department of Agriculture raised its yield projections for 2024/25 in its latest supply and demand report on Aug. 12, production varied from the July estimates due to changes in the amount of planted acres. The August edition of the USDA’s World Agricultural Supply and Demand Estimates is its first report in […] Read more
Oilseed crush, grain deliveries up year-by-year
The amounts of Canadian oilseeds crushed, as well as those for grains delivered, saw slight increases compared to the year before, according to Statistics Canada (StatCan). Domestic producers crushed 861,671 tonnes of oilseeds last June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909 […] Read more
From AIM: New tech opens paths for canola’s next steps
After Bayer’s “dream team” panel of canola breeders and developers at Ag in Motion to discuss their work on “the highest-yielding DeKalb canola hybrid yet,” an audience member posed the inevitable question: What’s next?
From AIM: How many flowers in a canola field?
There's no debating the beauty of a canola field in bloom, but it's possible to have a more scientific debate about canola flowers. Such as, how many yellow flowers are there, in a canola field that's one section in size?
Short position in canola edges lower, while soybeans/corn rise
The managed money short position in canola futures edged lower in the latest data, while bearish bets in soybeans hit their largest level in five years and the net short position in corn set a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
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