The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
Oilseed crush down, grain deliveries rise in June: StatCan
Canadian grain deliveries reached a three-month high in June
Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before. Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June […] Read more
ICE weekly outlook: Upticks during a downturn not unusual
MarketsFarm – As prices fall back, an analyst said it’s very common for there to be occasional spike upwards, and that’s exactly what’s been happening to canola. “We’ve come down a long way and having a bit of a rally wouldn’t be unusual,” commented analyst David Derwin of PI Financial in Winnipeg, Man. “After we […] Read more
Plenty of upside for falling flax prices
MarketsFarm – One of the most expensive crops grown in the Prairies is losing some of its value. While flaxseed prices in Western Canada are still at or above those from last year, they have come down by at least 15 per cent since last month. The high-delivered bid for flax in Saskatchewan is C$28 […] Read more
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance, […] Read more
Speculators bail out of long positions in canola
MarketsFarm – Speculators continued to bail out of long positions in the ICE Futures canola market during the week ended June 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 25,117 […] Read more
ICE weekly outlook: USDA reports could spur record canola acres
MarketsFarm — After May and July canola contracts took hefty hits over the past the week, they skyrocketed to close out the calendar month following a pair of reports from the U.S. Department of Agriculture (USDA). The department on Wednesday issued its first survey-based prospective planting report for 2021, which called for increased acres for […] Read more
Canola prices have been ‘a pleasant surprise,’ says analyst
Production issues here and abroad, Chinese demand, and speculators have all played a role in rally
Reading Time: 2 minutes There are several factors behind the rally in canola prices, says provincial crop analyst Neil Blue. On the supply side, lower production of palm oil began to support those prices back in the spring, he said, adding the primary driver of canola prices are the vegetable oil markets, of which palm oil is the largest […] Read more
Canola remains the golden crop that keeps on giving
There are many factors at play, but the bottom line is prices are good and the outlook is, too
Reading Time: 5 minutes Canola has come through again. Despite more lows than highs over the past year, prices are strong and could get better, market watchers say. “We’re seeing better pricing opportunities right now for canola, and there’s a possibility that prices will move higher,” said Bruce Burnett, director of MarketsFarm (a division of Glacier FarmMedia, which owns […] Read more
Canola futures continue their slide
CNS Canada – Canola futures slid to their lowest levels in 15 months during the week ended Nov. 9, but managed to uncover some support to the downside and could be consolidating. While off-the combine deliveries were slowing down with the advent of winter, the commercial pipeline is still filled with recently harvested canola supplies. […] Read more
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