MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise. The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
ICE weekly outlook: C$900 per tonne in reach for canola
Black Sea deal's end, Russian attack on Odesa, pushing all prices up
Net short position nearly gone in canola
Traders still net short in CBOT wheat, corn
MarketsFarm — Speculative traders continue to exit their bearish bets in canola, with the net short position dipping below 4,000 in the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July 11, the net managed money short position in canola futures came in at 3,899 contracts (34,124 short, […] Read more
ICE weekly outlook: Canola climbs on weather worries
Demand rationing also seen as supportive
MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
Feds up the ante for canola growers adopting 4R
Cash available more than triples in second year of Canola 4R Advantage
Reading Time: 4 minutes The federal government has loosened the purse strings for canola producers hoping to set up select 4R nutrient management practices on their farms. Applicants to the Canola 4R Advantage program can now seek up to $20,000 in assistance for each of three (possibly four) eligible 4R best management practices, compared to $6,000 per BMP in […] Read more
Fund short position hits six-month low in canola
CBOT soybeans show reduced net long
MarketsFarm — The speculative short position in ICE Futures canola fell to its smallest level in six months at the beginning of July, as fund traders covered short positions and put on some new longs. That’s according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of July […] Read more
Sclerotinia testers needed
Reading Time: < 1 minute The Canola Council of Canada is looking for beta testers for a new sclerotinia risk assessment tool. The goal is ultimately to help growers make timely decisions on whether a foliar fungicide application is advised. For 2023, the council is seeking testers to use this tool and confirm whether a recommendation is accurate for that […] Read more
ICE weekly outlook: Canola makes huge move
Prairies' dry patches add to upswing
MarketsFarm — Canola came out of Canada Day continuing to build on gains made going into the holiday, largely due to spillover from the Chicago soy complex. The U.S. Department of Agriculture last Friday released its planted acres report, which saw soybeans lose four million acres from the 87.5 million planted in 2022, leading to […] Read more
Canadian canola, wheat area up on the year: StatCan
More soybean, corn acres also estimated
MarketsFarm — Canadian farmers planted more canola than earlier intentions, according to updated acreage estimates from Statistics Canada released Wednesday. Meanwhile, wheat plantings hit their highest level in more than two decades. Total canola plantings were estimated at 22.1 million acres by the government agency, which compares with the 21.6 million expected in April and […] Read more
Ag in Motion plots give first-hand view of varieties and technology
Thirty companies and organizations will share their research this year
Reading Time: 3 minutes The crop plots at Ag In Motion give producers a chance to see crops and crop protection products at work in the great outdoors, along with the opportunity to speak face-to-face with company representatives. The 2023 show features 30 companies with plots, offering a practical and immersive experience with a variety of western Canadian crops […] Read more
Net short drops in canola as funds cover positions
Traders expand net longs in soy, corn
MarketsFarm — Speculative traders were busy covering short positions in ICE Futures canola during the week ended June 20, taking the net short position in the market to its smallest level in four months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of June 20, the […] Read more
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