Canola , Latest & Featured - Canadian Cattlemen

China lifts block on Canadian grain firms’ canola exports

Canola from Richardson, Viterra again allowed, officials report

By Dave Bedard, GFM Network News May 18, 2022

Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more

ICE July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Conditions a challenge for Prairie canola

By Glen Hallick, GFM Network News May 12, 2022

MarketsFarm — Wet conditions throughout much of the eastern half of the Canadian Prairies continued to delay spring planting this week. Meanwhile, the western half of the region remained mired in drought and in need of rain to help recently-seeded crops get off to a good start. “Get it in the ground and get some […] Read more

Canola, Crops, Machinery

U.S. EPA proposal likes canola oil for renewable fuel

A final EPA decision is expected this summer, which, if favourable, could add new demand for Canada's premier oilseed

By Allan Dawson, GFM Network News May 5, 2022

Canola has another feather in its cap — one which is expected to put more money in farmers’ pockets. In a ‘proposed decision’ released in April the U.S. Environmental Protection Agency (EPA) recognized canola oil’s value as an environment-friendly alternative to fossil-based fuel — a move that’s expected to add new demand for the crop. […] Read more

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Jittery spring market for canola

By Phil Franz-Warkentin, GFM Network News May 5, 2022

MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more

ICE July 2022 canola (candlesticks, right column) with 20-day moving average (yellow line) and CME July 2022 crude palm oil (orange line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola books steep rise in prices

By Glen Hallick, GFM Network News April 28, 2022

MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more

EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)

Canola, Crops, Markets, Soybeans

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

By MarketsFarm, GFM Network News April 23, 2022

MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more

ICE July 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines) and November 2022 canola (purple line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Trend remains pointed higher for canola

By Phil Franz-Warkentin, GFM Network News April 20, 2022

MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in canola,” said analyst Mike Jubinville […] Read more

ICE Futures July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and November 2022 canola (black line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola seen as teetering, likely to tumble

'A lot of emotion and tension' in market

By Glen Hallick, GFM Network News April 13, 2022

MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more

ICE November 2022 new-crop canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Overvalued canola market due for correction

By Phil Franz-Warkentin, GFM Network News April 6, 2022

MarketsFarm — ICE Futures canola contracts climbed to fresh contract highs during the first week of April, but ran into profit-taking resistance and could be due for more losses as the market looks overpriced. “We’re starting to see canola give back some of the extra premium it’s been putting on,” said Ken Ball of PI […] Read more

File photo of a rapeseed field in Iwate prefecture in northeastern Honshu, Japan. (Nattya3714/iStock.Getty Images)

Canola, Crops, Markets, Soybeans

USDA reports offer new oilseed insights from India, Japan

By MarketsFarm, GFM Network News April 6, 2022

MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in 2022-23, according to FAS New […] Read more

U.S. grains: Corn, soybeans tick higher ahead of USDA report

U.S. livestock: Cattle futures bounce on short covering

Grain Growers call for Port of Vancouver to be included in federal major projects

Daily Network News

U.S. grains: Corn, soybeans tick higher ahead of USDA report

U.S. livestock: Cattle futures bounce on short covering

Grain Growers call for Port of Vancouver to be included in federal major projects

Canola

China lifts block on Canadian grain firms’ canola exports

ICE weekly outlook: Conditions a challenge for Prairie canola

U.S. EPA proposal likes canola oil for renewable fuel

ICE weekly outlook: Jittery spring market for canola

ICE weekly outlook: Canola books steep rise in prices

EU’s oilseed yields expected to decline in 2022-23

ICE weekly outlook: Trend remains pointed higher for canola

ICE weekly outlook: Canola seen as teetering, likely to tumble

ICE weekly outlook: Overvalued canola market due for correction

USDA reports offer new oilseed insights from India, Japan

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