U.S. renewable fuel mandate muddies demand outlook

After trending higher for all of June, the ICE Futures canola market finally ran into resistance as the calendar officially switched to summer. Weather was at the forefront of all the North American agricultural markets, closely followed by a much-anticipated biofuel announcement from the U.S. Environmental Protection Agency. From a chart standpoint, the new-crop November[...]


Can canola markets find traction?

The slow pace of Canadian canola exports is an ongoing issue, with lack of offshore movement a heavy weight on the market. However, the crop may finally find traction on the export front.
 AAFC projections: Agriculture and Agri-Food Canada released updated supply/demand tables May 21, cutting its call for 2023-24 canola exports to six million[...]



Betting on grain markets

As a casual hockey fan who only pays real attention once the playoffs roll around, it’s been interesting to see the sheer number of sports betting ads, and even commentary, now that gambling on the outcome of individual games is legal in Canada. There are many ways to bet on sports. While simply picking which[...]

What’s putting pressure on canola?

After attempting to show strength for most of March and early April, the canola futures market took some hits, with the bias shifting lower once again. Old/new crop spread: Tightening stocks and the need to secure deliveries ahead of new crop availability often see old crop canola contracts trade at a premium to new crop[...]


The ups and downs of canola futures markets

Canola futures hit their strongest levels of 2024 in early May before backing off those highs as losses in outside markets and improving Prairie moisture conditions slowed the upward momentum. July canola hit a session high of C$669.10 per tonne May 7, with the new-crop November contract hitting its year-to-date peak at C$682.10 per tonne.[...]

Do canola and soy need relationship counselling?

In any relationship, the actions of one party have an influence on the other, and the space between two objects is sometimes as important as the objects themselves. Nowhere is this more true than in grain markets. Old/new crop spread The spread, or difference between two futures months of the same commodity, can provide insight[...]