Canola , Latest & Featured - Canadian Cattlemen

Australian canola production heading downward, but still sizeable

New second-biggest harvest expected, USDA predicts

By MarketsFarm, GFM Network News April 5, 2022

MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop year was projected to be […] Read more

(File photo courtesy Canola Council of Canada)

Canola, Crops, Markets

Canola exports turn tiny as Canada running out

By Glen Hallick, GFM Network News April 5, 2022

MarketsFarm — There was a tremendous drop in canola exports from Canada during week 34 of the 2021-22 marketing year, according to the Canadian Grain Commission. The commission’s report issued Thursday showed a mere 800 tonnes of canola were shipped overseas. The week before, 128,300 tonnes were outbound. “We’re really getting close to running out,” […] Read more

ICE July 2022 canola (green/red candlesticks) with 20-day moving average (green line) and November 2022 canola (yellow candlesticks). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola in its own world, analyst says

By Glen Hallick, GFM Network News March 31, 2022

MarketsFarm — To market analyst Wayne Palmer of Exceed Grain, canola “has been in a world of its own for about the last month,” and he expects that will remain the case for some time. Canola, he explained, has generally done the opposite of the Chicago soy complex — which the Canadian oilseed normally follows. […] Read more

ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

By Phil Franz-Warkentin, GFM Network News March 23, 2022

MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Canola lower, but expected to climb

By Glen Hallick, GFM Network News March 16, 2022

MarketsFarm — Although canola prices closed lower on Wednesday, the Canadian oilseed is seen as still likely to grind higher in the coming weeks. “The charts and the patterns that have developed, and are still in place for canola, have been kind of the same for the past few months. The longer-term trends are still […] Read more

Canola, Crops

Oil content of Canada’s canola well below average in 2021

By MarketsFarm, GFM Network News March 16, 2022

MarketsFarm — The average oil content of Canada’s canola crop came in well below normal in 2021-22, according to the final quality report for the year from the Canadian Grain Commission (CGC). The average oil content came in at only 41.3 per cent for the year, which compares with 44.1 per cent the previous year […] Read more

ICE May 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s contract highs still underpriced

By Phil Franz-Warkentin, GFM Network News March 10, 2022

MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be trading in uncharted territory, there […] Read more

Canola, Crops, Markets

ICE weekly outlook: Analyst sees sharp declines coming for canola

By Glen Hallick, GFM Network News March 3, 2022

MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market is being really driven by […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Canola finding plenty of support

By Phil Franz-Warkentin, GFM Network News February 24, 2022

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more

(Richardson International video screengrab via YouTube)

Canola, Crops

Richardson crush plant staff ward off strike vote

Unionized staff at Lethbridge vote to ratify new contract

By Dave Bedard, GFM Network News February 17, 2022

Unionized staff at Richardson International’s canola crush plant at Lethbridge have voted for six years’ labour peace rather than proceeding toward a strike vote. The 140-odd workers, represented by United Food and Commercial Workers (UFCW) Local 401, voted Feb. 1-2 on a new proposal from the company after voting 79 per cent in December to […] 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

Australian canola production heading downward, but still sizeable

Canola exports turn tiny as Canada running out

ICE weekly outlook: Canola in its own world, analyst says

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

ICE weekly outlook: Canola lower, but expected to climb

Oil content of Canada’s canola well below average in 2021

ICE weekly outlook: Canola’s contract highs still underpriced

ICE weekly outlook: Analyst sees sharp declines coming for canola

ICE weekly outlook: Canola finding plenty of support

Richardson crush plant staff ward off strike vote

Canadian Cattlemen Presents: Depth of Field

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