Commodity fund traders were back on the sell side in canola and corn during the week ended Oct. 22, but added to their net long position in soybeans, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE […] Read more
Fund traders still bearish on canola as open interest falls
ICE weekly outlook: Rangebound canola vulnerable to losses
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and may have more room to the downside, despite persistent harvest delays across Western Canada. “Overall, we’re still rangebound, but we’re going to the lower part of the trading window,” said analyst Errol Anderson of Pro Market Communications in Calgary. “Canola is […] Read more
Canola crush margins double year-ago level
MarketsFarm — Canola crush margins have shown considerable improvement in recent weeks — a sign the commodity is looking cheap compared to its product values. As of Monday, the Canola Board Crush Margin calculated by ICE Futures U.S. was about $100 above the November contract — a figure up by $10 over the past month […] Read more
Demand is good for canola — if you can get it off the field
China still isn’t buying but crushers are, and there are seed export opportunities, too
Reading Time: 2 minutes Worries about China’s ban and other market woes have taken a back seat to weather issues for the province’s canola growers. The biggest challenge for many is getting the crop off before snow permanently covers their fields, said Alberta Canola general manager Ward Toma. “They can handle snow coming and going, but snow setting in […] Read more
Canadian canola deliveries hit weekly record
MarketsFarm — Canadian farmers made record deliveries of canola into the commercial pipeline during the second week of October, according to the latest Canadian Grain Commission data. Wet weather, including heavy snow in some regions, continued to keep farmers off of their fields across much of Western Canada, but producers were actively delivering canola and […] Read more
ICE weekly outlook: Canola values stay rangebound
MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more
New clubroot strain found in Manitoba sends a message to all canola growers
Discovery is a reminder growers need to ‘take this disease seriously and implement clubroot management plans’
Reading Time: 3 minutes The discovery of a new clubroot strain not controlled by traditional resistant canola varieties underscores the need to be proactive in keeping clubroot spore numbers low. “This is yet another cue for the industry to continue to take this disease seriously and implement clubroot management plans,” said Dan Orchard, agronomy specialist with the Canola Council […] Read more
Most oilseed estimates down in USDA’s October outlook
MarketsFarm — The U.S. Department of Agriculture (USDA) released its monthly oil crops outlook on Tuesday featuring reductions in global rapeseed and sunflower production and U.S. soybeans. USDA estimated global rapeseed production at 68.6 million tonnes, a decline of one million, with the lion’s share of the losses in Canada. Canadian production for 2019-20 was […] Read more
Fund traders back away from bearish bets in grains, oilseeds
MarketsFarm — Commodity fund traders were busy covering short positions in corn and canola during the week ended Oct. 8, and even moved to a small net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE […] Read more
ICE weekly outlook: More than weather behind canola uptrend
MarketsFarm — Canola’s sharp rise over the last week can be attributed not only to poor weather on the Prairies, but to other factors as well, according to MarketsFarm Pro analyst Mike Jubinville. For seven straight trading sessions, canola bids have climbed, from $445.60 per tonne at the close of trading on Sept. 27 to […] Read more
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