The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Most oilseed estimates down in USDA’s October outlook

MarketsFarm — The U.S. Department of Agriculture (USDA) released its monthly oil crops outlook on Tuesday featuring reductions in global rapeseed and sunflower production and U.S. soybeans. USDA estimated global rapeseed production at 68.6 million tonnes, a decline of one million, with the lion’s share of the losses in Canada. Canadian production for 2019-20 was […] Read more






(Dave Bedard photo)

Funds hold steady in canola

MarketsFarm — Fund traders in the U.S. were busy covering short positions and putting on fresh longs in the soybean and corn markets during the week ended Oct. 1. Meanwhile, the net fund short position in canola held relatively steady, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading […] Read more



ICE Futures November 2019 canola, with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Upside limited for canola’s snow boost

MarketsFarm — An unwelcomed early winter storm sent ICE Futures canola contracts higher during the week ended Wednesday, but it will take outside support to sustain a rally, according to industry participants. Snow in Alberta and Saskatchewan and cool and wet conditions in Manitoba slowed harvest operations during the week, with about 60 per cent […] Read more

Alberta snow further delays canola harvest, boosts prices

Alberta snow further delays canola harvest, boosts prices

MarketsFarm — Canola futures finished up at Monday’s close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment […] Read more


(File photo by Dave Bedard)

Funds cover some shorts in grains, oilseeds

MarketsFarm — The net fund short position in canola was reduced slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Speculators also bought back some of their bearish bets in soybeans and corn, the CoT report noted. The net managed money […] Read more

Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

Canada’s canola crush down slightly in August

MarketsFarm — As often has been the case, the canola crush in Canada dipped from July to August, according to Statistics Canada. The federal agency issued its monthly crush numbers on Thursday with 829,778 tonnes of canola crushed in August, down 2.89 per cent from July’s crush. However, August’s crush was the second most so […] Read more