(File photo by Dave Bedard)

Fund position switches to net long in canola

Net long in CBOT corn decreases on the week

MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures

A tight stocks situation is being exacerbated by drought in key production regions.

Volatility continues to drive markets

Markets a bit ‘bipolar’, senior market analyst says

The volatile year for agriculture markets is unlikely to abate, says Mike Jubinville, senior market analyst with MarketsFarm Pro. “I look at these markets as bipolar in some cases,” says Jubinville. “On one hand, the macroeconomics have potentially bearish demand implications as fears of a recessionary environment take hold. But on the other hand, we



Zante, a cargo vessel carrying Ukrainian grain, transits Bosphorus, in Istanbul, Turkey in this Nov. 2 file photo.

Russian hypocrisy and the wheat market

Will the Black Sea shipping deal hold or fail?

Wheat prices went for a wild ride during the week of Oct. 31 to Nov. 4 due to Russian machinations over the Black Sea export agreement. During the weekend of Oct. 29 and 30, the Russian Black Sea fleet was apparently attacked at its base at Sevastopol. Russia quickly levelled accusations that Ukraine perpetrated the


(FITTrials.com)

Competition Bureau’s call for Manitoba elevator sale rejected

Bureau 'carefully reviewing' Competition Tribunal decision

A federal antitrust tribunal’s decision may soon make Canadian grain firm Parrish and Heimbecker the uncontested owner of the full set of Louis Dreyfus’ Prairie grain elevators. In a decision dated Oct. 31, the Competition Tribunal — the federal quasi-judicial body with the power of approval over any antitrust actions proposed by the federal Competition

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

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball





Fishermen are seen against a bulk carrier entering the port of Odesa under the grain initiative, in Odesa, southern Ukraine.

Canola futures bouncing around, not breaking out

Latin American weather and Ukrainian uncertainty both add volatility

The ICE Futures canola market bounced around within a sideways range during the last full trading week of October, with the futures hard-pressed to break one way or the other. The nearby November contract climbed sharply higher at one point, but volumes were thin in the front month as open interest dwindled and lack of