Canola , Latest & Featured - Canadian Cattlemen

ICE weekly outlook: Hard to say where canola is going

By Glen Hallick, GFM Network News December 30, 2021

MarketsFarm – There was a first for canola on Dec. 29, in that three contracts exceeded C$1,000 per tonne at the same time. In the sharp upswing during that Wednesday morning on the Intercontinental Exchange, the nearby January, March and May canola contracts respectively reached new highs with the former hitting the daily limit of […] Read more

(Richardson International video screengrab via YouTube)

Canola, Crops

Lethbridge canola crusher workers reject contract offer

UFCW to seek mediation

By Dave Bedard, GFM Network News December 24, 2021

Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. plan to seek mediation after voting to reject the company’s contract offer. United Food and Commercial Workers (UFCW) Local 401, which represents about 140 workers at the Lethbridge plant, said Monday its members had voted 79 per cent to reject the offer. The workers’ […] Read more

ICE March 2022 canola (candlesticks) with November 2022 canola (yellow line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Holiday canola trading is anyone’s guess

By Glen Hallick, GFM Network News December 23, 2021

MarketsFarm — The canola trading week starting Tuesday (Dec. 28) will be a short one and Keith Ferley of RBC Dominion Securities said anything can happen. “I don’t know if we’re going to see that with computer trading. Volumes usually lighten up, but nothing is normal in this COVID world,” he cautioned. Canadian markets, including […] Read more

ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola futures bend under pressure

By Glen Hallick, GFM Network News December 16, 2021

MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more

A sunflower crop north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)

Canola, Crops, Markets

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

By Phil Franz-Warkentin, GFM Network News December 14, 2021

MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola futures still well supported

By Phil Franz-Warkentin, GFM Network News December 8, 2021

MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward […] Read more

Dominic Barton. (Video screengrab from McKinsey.com)

Canola, Crops, Reuters

Ambassador to China to leave post after helping free detainees

Canola, 5G access, other issues remain

By David Ljunggren, GFM Network News December 6, 2021

Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Days of $1,000 canola done, for now

By Glen Hallick, GFM Network News December 1, 2021

MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under […] Read more

ICE January 2022 canola (candlesticks) with March 2022 (green line) and November 2022 canola (yellow line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola market strong but choppy

By Phil Franz-Warkentin, GFM Network News November 25, 2021

MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying, […] Read more

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola trade starts rolling out of January early

By Glen Hallick, GFM Network News November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more

Prairie Wheat Weekly: Prices mixed

Dekalb’s blast from the past

Corn diseases lurk in bumper U.S. crop, threatening yields

Daily Network News

Prairie Wheat Weekly: Prices mixed

Dekalb’s blast from the past

Corn diseases lurk in bumper U.S. crop, threatening yields

Canola

ICE weekly outlook: Hard to say where canola is going

Lethbridge canola crusher workers reject contract offer

ICE weekly outlook: Holiday canola trading is anyone’s guess

ICE weekly outlook: Canola futures bend under pressure

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

ICE weekly outlook: Canola futures still well supported

Ambassador to China to leave post after helping free detainees

ICE weekly outlook: Days of $1,000 canola done, for now

ICE weekly outlook: Canola market strong but choppy

ICE weekly outlook: Canola trade starts rolling out of January early

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