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Canola

Soybean plants emerging from corn residue in a U.S. field. Traders are turning their attention toward North American weather conditions as southern states get into spring planting.
Grain Markets, Markets

Canola values end their slide

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After nine straight days of declines, the ICE Futures canola market finally saw a splash of green the day before St. Patrick’s Day. The most active May contract hit a session high of $829.50 per tonne on March 3, then proceeded to lose roughly $90 over the next two weeks. It hit a low of
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola continues its collapse

Limited demand, more farmer selling seen

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MarketsFarm — After losing $62 per tonne the week before, the May contract on the ICE Futures canola market extended its losses for the week ended Wednesday with little relief on the horizon. Winnipeg-based trader Jerry Klassen of Resilient Commodity Analysis said the massive selloff is the result of farmers realizing there wouldn’t be a
An Australian canola crop near Smeaton, about 100 km northwest of Melbourne. Officials predict Australia’s canola harvest will hit 8.6 million tonnes, which could cut into Canada’s export prospects.
Grain Markets, Markets

Canola falls below $800 support level

A decline in Chicago soyoil values has kicked out a support pillar

By
It finally happened: canola broke below its support level of $800 per tonne. For quite some time, the Canadian oilseed has been rangebound at $800-$900 per tonne. As with a stuck vehicle, that rocking back and forth gave way to old- and new-crop prices being pulled out of that rut. One element that provided the
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: No floor in sight for overdone canola

'A lot of money playing around in canola right now'

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MarketsFarm — The ICE Futures canola market was in freefall mode through the first half of March, hitting its weakest levels in over a year. While the losses may be looking overdone, the bottom remains to be seen. “This has been a brutal drop in canola,” said Bruce Burnett, director of markets and weather with
Biotech crops widely used, consumers still wary of GM wheat
Crops

Biotech crops widely used, consumers still wary of GM wheat

A crop used widely for human food is more sensitive than earlier introductions

By
Nearly all corn, canola and soybean acres in the world’s largest exporting countries are seeded with genetically modified varieties, but that is not the case for wheat, a crop grown primarily for human food. Biotech varieties of corn, canola and soy, used for animal feed, biofuels and cooking oil, were introduced in 1996 and soon
Policy staff (left to right) Brenna Mahoney of KAP, Brandon Leslie of Grain Growers of Canada, Janelle Whitely from the Canadian Canola Growers Association and Greg Northey of Pulse Canada speak during a panel discussion at CropConnect on Feb. 16.
Farmit Manitoba

Pulling back the curtain on the ag lobby

How your grower groups represent your interests in Ottawa

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Canadian agriculture collectively forms a large and busy lobby. Last year, two canola groups cracked the top 10 busiest lobby groups in all Canadian sectors, according to “The Lobby Monitor” website. On top was the Canadian Canola Growers Association. Though the ag lobby outworks other industries or interests, farmers may think no one listens to them or their representatives.
(Richardson International video screengrab via YouTube)
Crops, Markets

Canola crush of 2022 smallest in five years

Meanwhile, soybean crush rose on the year

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MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021
(File photo by Dave Bedard)
Crops, Markets

Confirmation of large canola short position slowly appears

CFTC data flow slowly resuming

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MarketsFarm — The size of the fund short position in canola rose in February and likely grew even larger in March, as weekly Commitments of Traders data slowly trickles out from the U.S. Commodity Futures Trading Commission (CFTC). CFTC data has stalled since a ‘cyber-related incident’ delayed the release of the data for weeks. As
ICE May 2023 canola with 20-day moving average, RSI and CFTC Commitments of Traders data. (Barchart)
Crops, Markets

Reading between the lines: Oversold canola due for correction

Technical signs point to possible recovery

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MarketsFarm — Canola futures posted sharp losses over the past week, with the May contract touching its weakest level in six months. While damage was done from a chart standpoint, there are technical signs that a recovery is possible. RSI The relative strength index (RSI) is a technical indicator that provides insight into whether a
Canola industry ready to move forward

Canola industry ready to move forward

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The Canola Council of Canada celebrated a return to normalcy at its annual meeting at the Canadian Crops Convention in Ottawa. “Our theme this year is ‘from adversity to opportunity’ and I think that’s very fitting,” said Jim Everson, the group’s president. Production has rebounded following the drought of 2021, meaning there’s opportunity to develop

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for Feb. 13, 2026

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