MarketsFarm — The managed money net short position in canola saw a slight reduction in mid-June, as speculators covered short positions in the market, 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 Futures canola came in Tuesday at […] Read more
Fund short position edging down in canola
ICE weekly outlook: Canola nearing resistance
MarketsFarm — ICE Futures canola contracts have trended higher over the past month, but may be nearing the upper end of their nearby range. Solid demand, from both exporters and domestic crushers, has kept canola well supported, while a firmer tone in world energy and vegetable oil markets should also add some upside momentum, according […] Read more
Net short position reduced in canola
MarketsFarm — Rising futures prices saw speculators exiting short positions in canola and adding to a growing 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 Futures canola came in at 38,738 contracts on Tuesday, […] Read more
ICE weekly outlook: Demand keeps canola well supported
MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, holding above major support as end-users showed solid demand. “The demand side of the formula is still quite good,” said Errol Anderson, of Pro Market Communications in Calgary. Domestic crushers were showing the best demand, he said, but added that exporters were […] Read more
ICE weekly outlook: Canola gains strength at midweek
MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold due to bearish sentiments from outside markets earlier in the week, but prices were steadily bouncing back. Nearby ICE Futures canola was down Monday by […] Read more
Saskatchewan crop insurance deadline pushed to mid-April
Governments offer farmers 'flexibility'
The month-end deadline for Saskatchewan farmers to finalize contracts with the provincial Crown crop insurance agency for 2020 has been moved to April 13. Provincial Agriculture Minister David Marit and federal Ag Minister Marie-Claude Bibeau on Monday announced the extension on farmers’ deadline to “apply, reinstate, cancel or make changes” to crop insurance contracts. “We […] Read more
ICE weekly outlook: Volatility hampers canola
MarketsFarm — Canola values have been at the mercy of volatile financial markets this week, trading in lockstep with headlines of plummeting crude oil values and stock indices. “We’re getting into a bit of a pattern in the markets,” Ken Ball of P.I. Financial in Winnipeg said, explaining that prices will show some strength, then […] Read more
Fund traders cover some bearish bets in canola, soybeans
MarketsFarm — Fund traders were buying back short positions in canola, soybeans and corn during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). In the wheat market, however, they were on the other side. The net managed money short position in ICE […] Read more
ICE weekly outlook: Canola values stuck in a range
MarketsFarm — Canola prices came off of the long weekend in the green, but quickly gave back those gains at midweek, remaining stagnant and rangebound. While rail blockades across the country have hampered rail activity and backed up grain shipments, cold weather has slowed down farmer movement for canola. That has insulated canola prices from […] Read more
Industry leaders weigh in on seed royalty review
'Other markets... have already moved past this'
Syngenta’s Trevor Heck isn’t choosing a route for collecting seed royalty rates — but says the federal government needs to “move forward on some type of value capture” model. “Right now, you know, if we don’t have that within the seed industry, it’s going to be very difficult to be able to get the level […] Read more
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