Canola , Latest & Featured - Canadian Cattlemen

ICE July 2020 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola likely to move lower

By Glen Hallick, GFM Network News June 18, 2020

MarketsFarm — The direction canola will move in coming weeks depends on three factors: the Canadian dollar, Prairie weather and the Chicago Board of Trade, according to Errol Anderson of ProMarket Communications in Calgary. “I’m expecting the Canadian dollar to move up a bit, just because of U.S. dollar pressure. That could pull the canola […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Attention on weather after short-covering rally in canola

By Phil Franz-Warkentin, GFM Network News June 11, 2020

MarketsFarm — ICE Futures canola contracts have recovered off of lows hit at the beginning of the month, with speculative short-covering a feature as attention in the markets turns to North American growing conditions. While canola ran into some resistance Wednesday, there may still be more room to the upside. Canadian canola is at a […] Read more

Canola, Crops, Markets

Fund traders still bearish on canola

By Phil Franz-Warkentin, GFM Network News June 5, 2020

MarketsFarm — The managed money net short position in canola grew to nearly 50,000 contracts in 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 48,777 contracts (3,932 long/52,709 short), an increase of about 10,000 […] Read more

Canola, Crops, Markets

Canola supplies in commercial pipeline tighten

By MarketsFarm Team, GFM Network News June 1, 2020

MarketsFarm — Canola supplies in the commercial pipeline fell below a million tonnes for the first time in more than seven months, according to the latest Canadian Grain Commission data, amid solid exports and a slowdown in farmer deliveries. Total visible canola supplies of 815,200 tonnes, as of May 24, were down 24 per cent […] Read more

ICE Futures Canada’s head office in Winnipeg. (Dave Bedard photo)

Canola, Crops, Markets

Fund traders add to short positions in canola, corn

By Phil Franz-Warkentin, GFM Network News June 1, 2020

MarketsFarm — Fund traders added to net short positions in canola and corn while reducing their net long in soybeans, 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 38,810 contracts (5,349 long/44,159 […] Read more

An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)

Canola, Crops, Peas

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

By Dave Bedard, GFM Network News May 29, 2020

The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] Read more

Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Canola, Crops, Reuters

Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

By David Ljunggren, Steve Scherer, GFM Network News May 28, 2020

Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges, […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: Extradition ruling not the only anchor on canola

By Glen Hallick, GFM Network News May 28, 2020

MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a nail in canola’s coffin,” he […] 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 executive loses key court argument in fight against extradition

By Moira Warburton, Tessa Vikander, GFM Network News May 27, 2020

Toronto/Vancouver | Reuters — Huawei’s chief financial officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. Meng, a Chinese citizen, was arrested in December 2018 in Vancouver on a warrant issued by U.S. authorities, who accuse her of bank fraud […] Read more

(Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Spring Wheat

AAFC tightens canola stocks projections

By Phil Franz-Warkentin, GFM Network News May 24, 2020

Corrected, May 25 — MarketsFarm — Canadian canola ending stocks for both the current marketing year and the upcoming 2020-21 season will be tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. The latest data take into account acreage estimates released by Statistics Canada earlier in the month. […] 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: Canola likely to move lower

ICE weekly outlook: Attention on weather after short-covering rally in canola

Fund traders still bearish on canola

Canola supplies in commercial pipeline tighten

Fund traders add to short positions in canola, corn

Plant protein processor backed for expansion

Huawei extradition ruling could unleash more Chinese backlash

ICE weekly outlook: Extradition ruling not the only anchor on canola

Huawei executive loses key court argument in fight against extradition

AAFC tightens canola stocks projections

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