Daily Network News

More News →

Tag Archives Oilseeds

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola looking for a spark

Recent declines in crude oil, diesel seen as bearish

By ,
MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI […] Read more
ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

By ,
MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
ICE canola weekly outlook: Prices trending down ahead of harvest
Canola, Crops, Markets

ICE canola weekly outlook: Prices trending down ahead of harvest

Harvest pressure may not be that large this year says analyst

By ,
 MarketsFarm – ICE Futures canola contracts lost ground during the week ended Aug. 2, as spillover from outside markets and easing concerns over the state of the crop ahead of the harvest weighed on values. Excessive heat during the flowering period in June and July caused canola prices to climb higher, but the market is […] Read more
Photo: Thinkstock
Canola, Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

By ,
Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man.  “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview, […] Read more
Photo: Thinkstock
Canola, Markets

ICE weekly outlook: C$900 per tonne in reach for canola 

Black Sea deal's end, Russian attack on Odesa, pushing all prices up

By ,
MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise.  The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark […] Read more
Under rainy skies on July 18, 2023 at Ag in Motion, Justine Cornelsen of Brett Young Seeds discusses soybeans’ evolving Canadian acreage base. (Glacier FarmMedia video screengrab)
Crops, Soybeans

At Ag in Motion: Soybean proponents still eye western expansion

Crop seen as a good add to rotations -- if conditions are right

By ,
While canola is king of the Canadian oilseed market, the same can be said of soybeans in the United States. However, the big pulse crop south of the border has made inroads in the western provinces. Manitoba has seen the biggest growth in soybean acres with well over a million planted annually in recent years, […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola climbs on weather worries

Demand rationing also seen as supportive

By ,
MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of […] Read more
ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

By ,
MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more
Viterra’s oilseed crush plant at Becancour, Que. (Viterra.com)
Crops, Machinery, Markets, Reuters

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential

Canada's Competition Bureau pledges to review deal

By , ,
Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (dark green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola finds support from funds, weather

Crude oil markets also a factor

By ,
MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose $22.60 per tonne over the […] Read more

Canadian Cattlemen Presents: Depth of Field

Glacier Farmmedia Podcast

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for July 4, 2025

Sponsored By:
More Videos →

Latest Market News

More Market News →