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A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Canola, Crops, Markets

Japan increases demand for canola

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MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by […] Read more
ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola still finding support

U.S. acreage estimates could sway futures

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MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, strength in world vegetable oil […] Read more
ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: How long can canola remain well supported?

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MarketsFarm — Despite recent declines in canola prices, the Canadian oilseed remains very well supported, according to Errol Anderson of Market Place Communications in Calgary. The question he posed, though, was for how long can this last? “The market is incredibly well supported because of the lack of deliveries and that the crushers are still […] Read more
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Demand keeps canola well supported

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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
(Dave Bedard photo)
Crops, Reuters

Talks continue toward ending CN strike as factories slow output

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Montreal/Winnipeg | Reuters — Talks to end a strike by thousands of workers at Canada’s biggest railroad, Canadian National Railway, continued on Wednesday, as industrial plants slowed output of products cut off from their markets. About 3,000 unionized workers, including conductors and yardmen, hit picket lines on Tuesday after talks with management failed to resolve […] Read more
ICE January 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rangebound canola vulnerable to losses

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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

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