An analysis of the factors pushing Intercontinental Exchange canola futures upward.
Canola
Production concerns drive canola market
Output likely below StatCan estimate but StatCan and USDA remain stubbornly optimistic
Manitoba harvest nearly done, only corn/sunflowers left
Harvest operations across Manitoba are nearly complete, with only sunflowers and corn still left to come off the fields, according to the latest provincial crop report for the week ended Oct. 22.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
Peas thrive, canola faces challenges in 2024
The 2024 growing season showcased strong yields for peas and cereals, but canola didn’t overcome the weather challenges as well
The 2024 growing season showcased strong yields for peas and cereals, but canola didn't overcome the weather challenges as well.
AAFC lowers canola ending stocks estimate
Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
Fund short position in canola dips for fourth week
The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs
China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.
Saskatchewan Crop Report: Provincial harvest 99 per cent finished
Saskatchewan's 2024 harvest will be completed in a matter of days, according to the province's weekly crop report.
What’s driving Manitoba’s growing agricultural exports?
Manitoba exported $9.39 billion worth of agricultural products last year, with faster growth than non-agricultural trade
Manitoba exported $9.39 billion worth of agricultural products last year, with faster growth than non-agricultural trade.
ICE canola weekly outlook: Weak soybeans a “problem”
The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Cyber-Savvy Farmer
