Canola , Latest & Featured | Canadian Cattlemen

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Canola corrects, but trend still up

By Phil Franz-Warkentin, GFM Network News 2 days ago

MarketsFarm — ICE Futures canola contracts posted some wide price swings over the week ended Wednesday, moving lower overall as the market backed away from nearby highs and speculative profit-taking weighed on values. “The trend is higher, but you can’t go up forever,” said trader Ken Ball of PI Financial in Winnipeg. While rains during […] Read more

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: $1,000 canola not a guarantee

By Glen Hallick - MarketsFarm, GFM Network News July 14, 2021

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

Canola, Crops, Markets

Net long position in canola nears lowest level of past year

By Phil Franz-Warkentin, GFM Network News July 10, 2021

MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Expensive canola required

By Glen Hallick - MarketsFarm, GFM Network News July 7, 2021

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more

ICE November 2021 canola (candlesticks) with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Volatility to come for canola market

'Tighten up your seatbelt'

By Adam Peleshaty, GFM Network News June 30, 2021

MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more

ICE July 2021 canola (candlesticks) with 20-day movjng average (green line), ICE November 2021 canola (yellow line) and CBOT July 2021 soybeans (black line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, carryout support canola

By Adam Peleshaty, GFM Network News June 24, 2021

MarketsFarm — As higher-than-normal temperatures become almost a weekly occurrence in Western Canada amidst tightening carryout stocks, canola seems primed for another extended rally. Despite rains in Western Canada over the past three weeks, providing some relief for canola crops and triggering fund liquidation on the markets, carryout remains very low, with warmer temperatures exacerbating […] Read more

Flea beetles in canola seedlings. (Canola Council of Canada video screengrab via YouTube)

Canola, Crops, Weather

Flea beetles a nuisance for canola crop

By Adam Peleshaty, GFM Network News June 19, 2021

[UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on both canola and mustard seedlings, […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Weather, soy complex weaken canola

By Adam Peleshaty, GFM Network News June 16, 2021

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing areas in Western Canada and […] Read more

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2) and July 2021 canola (yellow open/high/low/close). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola market pits weather against supplies

By Glen Hallick - MarketsFarm, GFM Network News June 9, 2021

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern Alberta received rain, followed by […] Read more

ICE July 2021 canola (candlesticks) with CBOT July 2021 soybeans (gold line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Bare shelves keep all eyes on weather

By Phil Franz-Warkentin, GFM Network News June 3, 2021

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in a week or two to […] Read more

Hemp industry looking forward despite hurdles

U.S. livestock: Cattle futures gain

U.S. grains: Corn, soybeans lower on the week

GFM Network News

Hemp industry looking forward despite hurdles

U.S. livestock: Cattle futures gain

U.S. grains: Corn, soybeans lower on the week

Canola

ICE weekly outlook: Canola corrects, but trend still up

ICE weekly outlook: $1,000 canola not a guarantee

Net long position in canola nears lowest level of past year

ICE weekly outlook: Expensive canola required

ICE weekly outlook: Volatility to come for canola market

ICE weekly outlook: Weather, carryout support canola

Flea beetles a nuisance for canola crop

ICE weekly outlook: Weather, soy complex weaken canola

ICE weekly outlook: Canola market pits weather against supplies

ICE weekly outlook: Bare shelves keep all eyes on weather

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