Canola Archives - Page 40 of 223

China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

By Glacier FarmMedia, Phil Franz-Warkentin, GFM Network News December 7, 2023

China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.

ICE March 2024 canola as of Dec. 8, 2023, with 20-, 50- and 100-day moving averages. (Barchart)

Markets

ICE weekly outlook: Canola likely to keep sliding back

With larger crop, trade likely to be overwhelmed by deliveries, analyst says

By Glen Hallick, GFM Network News December 7, 2023

There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4.

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Markets, Reuters

U.S. grains: wheat futures rocket higher on private sales to China

Corn ended narrowly mixed supported by a favorable export inspection report by U.S. government

By brendan-obrien, Reuters, GFM Network News December 4, 2023

Chicago Board of Trade wheat rose nearly three per cent on Monday, with the most-active contract Wv1 reaching the highest level since late August after the U.S. Department of Agriculture confirmed the largest one-off private sale to China in years.

Markets

Net fund short position edges down in canola

CBOT fund traders were liquidating some large net long positions in soybeans

By Phil Franz-Warkentin, GFM Network News December 4, 2023

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Crops, Markets

Australian crops improve, but well off recent records

Winter crop harvest reportedly progressing quicker, earlier than recent years

By Phil Franz-Warkentin, GFM Network News December 4, 2023

Australia’s winter crop production likely beat earlier expectations but will still be down considerably compared to the record-large production in recent years, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

(Screengrab from Merit Functional Foods video via YouTube)

Canola, Crops, Markets, Peas

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

By Dave Bedard, GFM Network News December 4, 2023

A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more

Crops, Markets, Reuters

Canadian wheat, canola harvests expand, rebound from dry conditions

Global wheat ending stocks have fallen four years in a row on tough weather conditions

By Reuters, Rod Nickel, GFM Network News December 4, 2023

Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.

Crops, Markets

Higher canola, wheat production expected in StatCan report

Traders raise concerns about report accuracy

By Glen Hallick, GFM Network News December 1, 2023

MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

By Adam Peleshaty, GFM Network News November 29, 2023

MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more

All provinces saw a rise in total receipts, with the strongest growth reported in Saskatchewan. Photo: Thinkstock

Crops, Livestock

Canadian farm cash receipts rise in 2022, but so do inputs

By Phil Franz-Warkentin, GFM Network News November 28, 2023

MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three quarters of 2023 shows another […] Read more

Daily Network News

U.S. livestock: Cattle futures spike, hogs mixed

U.S. grains: Soybean ease on harvest pressure, competition from Brazil

Russia’s top agriculture official blames low global grain prices for export slowdown

Canola

China accounting for bulk of Canadian canola exports so far

ICE weekly outlook: Canola likely to keep sliding back

U.S. grains: wheat futures rocket higher on private sales to China

Net fund short position edges down in canola

Australian crops improve, but well off recent records

Merit Foods pays off operating lender, no deal yet for plant

Canadian wheat, canola harvests expand, rebound from dry conditions

Higher canola, wheat production expected in StatCan report

ICE weekly outlook: Canola prices could rebound

Canadian farm cash receipts rise in 2022, but so do inputs

Canadian Cattlemen Presents: Depth of Field

Blogs

Cows ain’t coal

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

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