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Canola

Agriculture Canada’s market analysis branch forecast canola ending stocks for 2018/19 is double the September estimate. Photo: File
Canola

Agriculture Canada ups canola carryout forecast sharply

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Winnipeg | CNS Canada – Canadian canola carryout stocks at the end of the current marketing year (2018/19) will be considerably larger than an earlier estimate, according to updated supply/demand tables from Agriculture and Agri-Food Canada, released on Oct. 19, 2018. Agriculture Canada’s market analysis branch forecast canola ending stocks for 2018/19 at 2.500 million […] Read more
ICE November 2018 canola, with 20-day moving average. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola trends lower as farmers sell, harvest

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CNS Canada — The ICE Futures canola market will bounce around in trade for the foreseeable future with the overall trend being downward, according to an analyst. “We’re just going to continue to migrate lower. (There) are going to be up days because nothing goes down forever,” said Wayne Palmer, senior market analyst with Exceed […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Canola funds bail out of short positions

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CNS Canada –– Large speculative traders bailed out of short positions in canola and picked up some new longs during the week ended Tuesday, cutting their net short position sharply, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their […] Read more
Unharvested canola under snow in October 2016. (Lisa Guenther photo)
Canola, Crops, Weather

Heavy canola deliveries despite harvest delays

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CNS Canada — Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola speculators cover shorts

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CNS Canada — Large speculators covered short positions in the ICE Futures canola market during the week ended Tuesday, cutting their net short position roughly in half, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their net short position […] Read more
ICE November 2018 canola (candlesticks) and October 2018 soybean oil (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

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CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more
(Toa55/iStock/Getty Images)
General, Markets

Outrage, acceptance greet Son of NAFTA

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Responses from Canada’s farm sectors range from acceptance to anger as concessions and market access granted under the successor to the North American Free Trade Agreement (NAFTA) come into clearer view. Dairy: ‘Who needs an enemy?’ The new agreement, announced Sunday and dubbed the United States-Mexico-Canada Agreement (USMCA) by the U.S. government, is expected to […] Read more

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