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The National Farmers Union denounced the approval of the Bunge-Viterra merger in a statement released on Jan. 17. The NFU said the multi-billion dollar deal “effectively ends competition in Canada’s agricultural commodity sector,” as it creates the world’s largest agricultural commodity trader, and it will control 40 per cent of the Canadian grain market.

Deliveries of major grains increased from December to December, according to data released by Statistics Canada on Jan. 29.

Most farmer deliveries of reported grains increased in February from the year before, according to Statistics Canada on March 28.

Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.

As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.

Although Agriculture and Agri-Food Canada made several small revisions to its April supply and demand report compared to the previous month, it did not alter any of its canola numbers.

There were only small changes to the updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC) released Nov. 19. All of the other data in the AAFC report were carried over from its October report.

Canada's canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush[...]

MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, Man., said canola prices will[...]

MarketsFarm – Fund traders were backing out of bearish bets in canola while actively putting on new longs during the week ended July 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in[...]