China responsible for large leap in exports

China has dramatically picked up its imports from Canada in the 2020-21 marketing year. The Canadian Grain Commission (CGC) reported this week that at the end of October, China imported 3.17 million tonnes of wheat, barley, flax, canola and peas from Canada, compared to 1.51 million the same point in 2019-20. With China very eager[...]



ICE canola futures acting independently

It can happen. Canola was showing a good amount of independent strength this week, shrugging off the ebbs and flows of other edible oils. The main driver behind this rarely seen independence is tight canola ending stocks, which have instilled price rationing in ICE canola futures. As one trader explained, commercials are so desperate to grab whatever canola remains[...]