(File photo by Dave Bedard)

Fund long position edges higher in canola

Net long in CBOT soybeans down on week

MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more

File photo of idled equipment in drought conditions on a farm in New South Wales, Australia. (f.ield_of_vision/iStock/Getty Images)

Australian crop estimates adjusted slightly lower

Crop seen down 34 per cent from last year

MarketsFarm — Total 2023-24 winter crop production in Australia, at an estimated 45.2 million tonnes, is expected to be 34 per cent off the record highs hit last year but slightly above the June forecast as upward revisions to canola and barley counter a downward revision to the wheat number, according to the latest crop […] Read more


ICE November 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Harvest pressure, farmer selling to guide canola

New StatCan figures 'right around expectations'

MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more

(Viterra.ca)

Increases seen in most July grain deliveries

Oats deliveries more than double, canola near double

MarketsFarm — Most July deliveries of major grains in the country were higher than those from the same period a year ago, Statistics Canada reported Thursday. Total grain deliveries this past month tallied 4.056 million tonnes for a jump of 43.8 per cent over the previous July. All wheat came in at 2.186 million tonnes, […] Read more


(Richardson International video screengrab via YouTube)

July canola crush sets new records

Soybean crush down slightly from last July

MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the […] Read more

“Pods can look dramatically different, either riper or less ripe, than the actual seeds, so we need to be cracking open those pods and looking at the seeds.”
 Photo: Greg Berg

ICE weekly outlook: Canola following soyoil’s lead

Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices

MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before […] Read more


“There’s even a question of would harvest equipment be available for 2023. There will be some equipment available, but will it be what you want and [what] fits your needs?” – Bill Campbell, Keystone Agricultural Producers.  Photo: iStock/Getty Images

Manitoba crop report: dry week helps advance harvest

Cattle producers move herds to hay fields to graze regrowth

MarketsFarm – Dry conditions across crop-growing areas in Manitoba helped the province’s annual harvest get off to a good start during the week ended Aug. 20. Much of the eastern, southern and central regions received two millimetres of precipitation at most during the week with several locations receiving no rainfall at all. The northwest region […] Read more



(File photo by Dave Bedard)

Fund long position holds steady in canola

Net long in CBOT soybeans down on week

MarketsFarm — The managed money long position in canola held relatively steady during the week ended Aug. 8, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 8, the net managed money long position in canola futures came in at 23,753 contracts (49,339 long, 25,856 […] Read more

ICE November 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola prices ‘cheap’ but rangebound

Trade also watching U.S. soy complex

MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more