Canola , Latest & Featured - Canadian Cattlemen

ICE November 2020 canola with 100-day moving average (yellow line) and Canadian dollar (in US$, green line). (Barchart)

ICE weekly outlook: Higher loonie, lower canola

By Glen Hallick, GFM Network News July 15, 2020

MarketsFarm — As the Canadian dollar pushes higher, canola prices could drop to the low end of its support or further, according to Errol Anderson of ProMarket Communications in Calgary. The loonie closed Wednesday at 73.89 U.S. cents, after stepping above 74 U.S. cents a number of times during trading. At the end of the […] Read more

Canola, Crops, Markets

Canola fund short position smallest in six months

Net long up sharply in CBOT soybeans

By Phil Franz-Warkentin, GFM Network News July 14, 2020

MarketsFarm — The managed money net short position in canola tightened to its smallest level in nearly six months in the commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 29,869 (9,349 long/39,218 short), a decrease of […] Read more

ICE November 2020 canola with 20-, 50- and 200-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola nears resistance

By Phil Franz-Warkentin, GFM Network News July 9, 2020

MarketsFarm — ICE Futures canola contracts hit their strongest levels in three months during the first week of July, but appear to be running into resistance from a chart standpoint. The November contract hit an intersession high of $482 per tonne on Wednesday, but settled below the $480 mark. “You can’t discount at least the […] Read more

ICE November 2020 canola with 20-, 100- and 200-day moving averages. (Barchart)

Canola, Crops, Markets

Canola futures testing chart resistance

November canola briefly topped $480 Monday

By Phil Franz-Warkentin, GFM Network News July 7, 2020

MarketsFarm — Recent price activity in the ICE Futures canola market has been bullish from a technical standpoint, with the futures poised for a break higher if the rally can be sustained. After trading at a low of $468.10 per tonne in late June, the November canola contract rallied to briefly trade above the psychological […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola stronger after Canada Day

By Marlo Glass – MarketsFarm, GFM Network News July 3, 2020

MarketsFarm — Canola contracts have made small gains this week after pausing on Wednesday for Canada Day. As the July canola contract has expired, attention turns to new-crop contracts. Areas of the Prairies have received significant rain lately, with flood warnings and high water advisories across southwestern and western Manitoba after several consecutive storms. It’s […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola mixed at midweek

By Marlo Glass – MarketsFarm, GFM Network News June 25, 2020

MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said […] Read more

Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

Canola, Crops, Reuters

Huawei CFO’s extradition hearing to stretch into 2021

Judge approves extended schedule sought by lawyers

By Moira Warburton, GFM Network News June 24, 2020

Reuters — Hearings on Huawei chief financial officer Meng Wanzhou’s extradition to the U.S. from Canada will extend into late April 2021, according to documents released by a British Columbia court on Tuesday. Meng was arrested in December 2018 by Canadian authorities at the Vancouver International Airport on a U.S. warrant from the charging her […] Read more

Canola, Crops, Reuters

Pompeo urges China to release two detained Canadians

U.S. Secretary of State calls charges 'groundless'

By Reuters, GFM Network News June 23, 2020

Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors […] Read more

Canola, Crops, Markets

Fund short position edging down in canola

By Phil Franz-Warkentin, GFM Network News June 20, 2020

MarketsFarm — The managed money net short position in canola saw a slight reduction in mid-June, as speculators covered short positions in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at […] Read more

Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)

Canola, Crops, Markets

Weekly canola exports well below average

By MarketsFarm Team, GFM Network News June 19, 2020

MarketsFarm — Weekly Canadian canola exports fell to their second-lowest level of the 2019-20 crop year-to-date during the week ended Sunday, according to the latest data from the Canadian Grain Commission. Only 80,300 tonnes of canola were exported during the 45th week of the crop year, down 44 per cent from the previous week and […] Read more

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Daily Network News

New Quebec ag minister named in shuffle

U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement

Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports

Canola

ICE weekly outlook: Higher loonie, lower canola

Canola fund short position smallest in six months

ICE weekly outlook: Canola nears resistance

Canola futures testing chart resistance

ICE weekly outlook: Canola stronger after Canada Day

ICE weekly outlook: Canola mixed at midweek

Huawei CFO’s extradition hearing to stretch into 2021

Pompeo urges China to release two detained Canadians

Fund short position edging down in canola

Weekly canola exports well below average

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