Canadian crushers have processed about three million tonnes of canola during the 2022-23 crop year to date.

Demand from China remains wild card in canola market

Canola values are near the low end of their current well-entrenched range

ICE Futures canola contracts moved steadily lower during the week ended Nov. 24, falling to their weakest levels in two months and nearing the bottom edge of their well-established sideways trading range. With numerous supportive factors underneath the market, a case could easily be made that canola is due for a correction higher. What could

ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going


(Vonkara1/E+/Getty Images)

Opinions divided ahead of StatCan production report

Agency's previous estimates model-based

MarketsFarm — Ahead of the crop production report from Statistics Canada (StatCan) due out Friday, trade expectations are above and below what the federal agency estimated in September. In August, and in September, StatCan issued production reports based on a satellite model and without any input from farmers filling out surveys. That has caused some

(Dave Bedard photo)

Fund position back to net short in canola

MGEX wheat also shifts to net short: CFTC

MarketsFarm — Heavy long-liquidation in ICE Futures canola saw the managed money speculative position flip back to a net short after a brief flirtation with a net long, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The weekly report was delayed one day due to last


Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)

EU cuts estimate of drought-hit maize crop, raises import outlook

Commission cuts soft wheat exports, raises imports

Paris | Reuters — The European Commission on Friday cut its estimate of this year’s drought-hit maize harvest in the European Union to a new 15-year low while again raising its projection for this season’s maize imports. European maize (corn) crops endured severe drought and several heatwaves during the crucial summer growth period. The Commission

Photo: Reuters/Ben Nelms/File

Canadian grain deliveries during October mostly higher

Among grains, flax sees largest percentage decline

MarketsFarm — Deliveries of major grains in Canada during October witnessed several gains compared to a year ago, according to the latest report from Statistics Canada (StatCan) released Thursday. All grain deliveries for October 2022 exceeded 5.43 million tonnes for a 19.3 per cent increase from the previous October. During last month, total wheat deliveries


The Navi Star, a Panama-flagged bulk carrier ship, arrives at the western Ireland port of Foynes delivering 33,000 tonnes of Ukrainian corn on Aug. 20.

Black Sea tensions spur market volatility

Geopolitical concerns arise in a relatively quiet period for market fundamentals

North American grain and oilseed markets saw wide price swings during the week ended Nov. 17. A barrage of conflicting news regarding the long-running conflict in Ukraine was at the forefront. The week started amid talk that Russia was considering backing away from the agreement allowing Ukrainian grain shipments through the Black Sea. Any disruption



U.S. corn ending stocks in the latest WASDE report were estimated at 1.182 billion bushels.

Corn still bearish after WASDE report

Key report raises corn production expectation, provides little fuel for market

The United States Department of Agriculture has released its monthly World Agricultural Supply/Demand Estimates, which usually come with the potential to upset U.S. crop prices if they fail to fall in line with pre-report expectations. Just like the U.S. midterm elections on Nov. 8, there was no “red wave” sweeping the markets after the report’s

ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and ICE March 2023 canola (black line). (Barchart)

ICE weekly outlook: Premium showing in front-month canola

'Surge' of farmer selling expected in January

MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That