Canola Archives - Page 193 of 491 - Manitoba Co-operator

Funds cover canola shorts, but still bearish on corn

MarketsFarm — Speculators reduced their net short position in canola during the first week of May and added to their net long position in soybeans, while placing fresh bearish bets on corn, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position

Opinions are divided on how much canola Canada’s farmers will put in the ground this spring, ahead of Statistics Canada’s acreage survey due out May 7.

Grain Markets, Markets

Canola trends higher against pandemic tides

Markets are keeping an eye on the state of last fall’s snowed-under crops

By Phil Franz-Warkentin May 8, 2020

The ICE Futures canola market was relatively strong during the last week of April, despite the global pandemic that continued to roil most outside markets. The July canola contract trended higher all week, moving off of major lows in the process. From a chart standpoint, July canola sees support around $450 per tonne, with the

Crops, Markets

Adjustments likely ahead for StatsCan’s early acreage estimates

Projections still in line with grain trade's expectations

By GFM Network News, Phil Franz-Warkentin May 7, 2020

MarketsFarm — The results of the first acreage estimates for 2020 from Statistics Canada come with an asterisk, as the COVID-19 pandemic halted data collection early. Canada’s actual seeded area is expected to see some shifts from the projections released Thursday. “As a result of the timing of the COVID-19 pandemic, these estimates were produced

News

Renewed calls for farm aid get louder

Canola Growers and KAP want Ottawa to up its contribution to AgriInvest

By Allan Dawson May 7, 2020

Farm groups continue to push for aid in the wake of China reducing imports of Canadian canola seed and COVID-19. During regulator meetings of the Canola Working Group, which includes federal government officials, the Canadian Canola Growers Association (CCGA) has been asking for business risk management program (BRM) reforms, and a government-mandated increase in biofuel,

Crops, Markets

Trade estimates vary ahead of StatsCan’s acreage report

By GFM Network News, Glen Hallick - MarketsFarm May 6, 2020

MarketsFarm — Opinions are wide-ranging on what Canadian farmers plan to plant in 2020, ahead of Statistics Canada’s first round of acreage estimates, due out Thursday. Prior to lockdown measures put in place due to the COVID-19 pandemic, StatsCan was scheduled to release its first principal field crops area report for 2020 on April 24.

ICE July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Canola acres could be in flux

By GFM Network News, Glen Hallick - MarketsFarm May 6, 2020

MarketsFarm — Canada’s canola acres are generally expected to be higher in the first area report of the year from Statistics Canada, compared to the 20.96 million acres estimated to have been seeded in 2019. Estimates are wide-ranging, with some analysts predicting a slight reduction in canola area and others calling for an increase of

Crop Report, Crops, News

Piecemeal approach to seeding begins in Manitoba

Manitoba Crop Report and Crop Weather report for May 5

By Manitoba Agriculture May 6, 2020

Southwest region Repeated rain showers fell during the week in most of the region. Rainfall varied from 0.5 to 6.5 mm. Overnight temperatures fell below zero, while single-digit daytime highs were the norm. Average soil temperature is normal to below normal range at this time. Some areas are too wet and water is standing in

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Crops, Markets

Global grain production to exceed 2.2 billion tonnes, IGC predicts

By GFM Network News, Glen Hallick - MarketsFarm May 2, 2020

MarketsFarm — The International Grain Council (IGC) has revised its latest monthly forecast of global grain production down slightly. The IGC projected global production in 2020-21 to hit 2.218 billion tonnes its April 30 report, for a drop of five million tonnes from its March estimate. The reduction was due to the dry conditions in

Crops, Markets

Funds add to short position in canola, move to net long in soy

By GFM Network News, Phil Franz-Warkentin May 2, 2020

MarketsFarm — The net managed money short position in canola rose slightly in late April, while soybean speculators covered some of their bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at

A bag of beans sits atop bulk soybeans at a Walmart in Beijing on Sept. 23, 2019.

Grain Markets, Markets

Oilseeds draw strength from China’s recent market action

Oil’s fading fortunes put pressure on canola, not to mention other crops

By Marlo Glass May 1, 2020

Canola prices showed impressive resilience during the week ended April 24 after being battered by outside markets earlier in the week. On April 20, West Texas Intermediate (WTI) crude oil futures dropped into negative territory to close at minus US$37.63, as traders bailed out of the May contract before its expiry date. The June contract

Daily Network News

Farmers see fertilizer price surge as Iran war blocks exports, threatening losses

OPINION: How the Iran war could create a ‘fertilizer shock’ – an often ignored global risk to food prices and farming

Farmers expected to boost canola area beyond Statistics Canada intentions report

Canola

Funds cover canola shorts, but still bearish on corn

Canola trends higher against pandemic tides

Adjustments likely ahead for StatsCan’s early acreage estimates

Renewed calls for farm aid get louder

Trade estimates vary ahead of StatsCan’s acreage report

ICE weekly outlook: Canola acres could be in flux

Piecemeal approach to seeding begins in Manitoba

Global grain production to exceed 2.2 billion tonnes, IGC predicts

Funds add to short position in canola, move to net long in soy

Oilseeds draw strength from China’s recent market action

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