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Canola


New CCC chair, Tessa Ritter. Photo: Canola Council of Canada
General

Canola Council of Canada elects Ritter chair

Two director seats change hands at CCC AGM

By Geralyn Wichers, GFM Network News March 8, 2024
Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.

Photo: Thinkstock
Markets

ICE canola showing signs of stabilizing

Expectations for slightly lower canola acres ahead of StatCan report

By Phil Franz-Warkentin, GFM Network News March 6, 2024
The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.


Photo: File
Markets

Australia wraps up winter wheat/canola harvest

Production beats earlier forecasts, but are still down on the year

By Phil Franz-Warkentin, GFM Network News March 5, 2024
Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

Photo: Iryna Melnyk/iStock/Getty Images
Markets

ICE weekly outlook: Canola seeking a catalyst

Soyoil has been weaker than expected, pressuring canola, analyst says

By Adam Peleshaty - MarketsFarm, GFM Network News February 28, 2024
Canola prices on the Intercontinental Exchange (ICE) went up during the week ended Feb. 28, but signs of upcoming extended rallies are hard to come by.


Photo: Canstock
Markets

Managed money still adding to record large canola short position

Net short position in soybeans increased by about 2,300 contracts

By Phil Franz-Warkentin, GFM Network News February 26, 2024
Speculators continued to add to their record large net short position in canola in mid-February, showing little sign of moving to the other side of the market any time soon, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Photo: Thinkstock
Markets

ICE Canada weekly outlook: Markets to react to Nvidia earnings report

Tech giant, while unrelated to crops, asserts gravitational pull on markets

By Glen Hallick, GFM Network News February 21, 2024
The path canola as well as other commodities will very likely be determined by the latest earnings report from technology giant, Nvidia, according to analyst Errol Anderson of Errol’s Commodity Wire in Calgary, Alta.


Port of Manila, Philippines. Photo: 	Tupungato/iStock/Getty Images
General, Markets

MacAulay opens Indo-Pacific ag office

Moment 'pivotal' for the hog sector, Canadian Pork Council says

By Geralyn Wichers, GFM Network News February 21, 2024
The Canadian Pork Council joined federal ag minister Lawrence MacAulay in Manila, Philippines, to open Canada's first Indo-Pacific agriculture office, it said today, calling the opening a "pivotal moment" for the Canadian pork sector.

Photo: Zoranm/iStock/Getty Images
Markets

Record large fund short position grows in canola

Net short in soybeans, corn also grew

By Phil Franz-Warkentin, GFM Network News February 20, 2024
Speculators added to their already record large net short position in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


Chris Vervaet, Executive Director of the Canadian Oilseed Processors Association speaking at the CropConnect conference in Winnipeg on February 14. Photo: Don Norman
Crops, General

‘Unprecedented’ growth possible for canola demand 

Renewable fuels could propel canola demand into the stratosphere: speaker 

By Don Norman, GFM Network News February 15, 2024
The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert. 

(PamWalker68/iStock/Getty Images)
Markets

ICE canola weekly outlook: Market in search of demand

Farmers holding large amounts of unpriced canola waiting for future to move upward, analyst says

By Phil Franz-Warkentin, GFM Network News February 14, 2024
A modest attempt at correcting higher was met by stiff resistance in the ICE Futures canola market, with a general downtrend still intact as the futures work to uncover some demand.


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