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Canola

Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

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Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in
Canola prices pull back
Grain Markets, Markets

Canola prices pull back

As conditions have improved, prices have eroded, even with planting delayed

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Spring planting has caught up with canola futures on the Intercontinental Exchange. For several weeks canola pushed upward, even as rain across the Prairies replenished depleted soil moisture levels, but now optimism for good crops has put pressure on values. Planting was delayed and as much as 40 per cent of this year’s canola is
The canola sector expects the biofuel boom to launch it to new heights.
Livestock, Oilseeds

Livestock feed markets and the ‘big oil deficit’

Biofuel boom likely to spill into lower meal prices

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Food and feed are the main sources of global demand for crops but climate-related policies could tip that apple cart. Governments are making legislative overtures to boost production of biofuels. In Canada, that includes the Canadian Clean Fuels Regulation, which lays out rules for fuel production and aims to encourage development of cleaner fuels and
Photo: Greg Berg
Grain Markets, Markets

Can canola markets find traction?

Expert's Radar: Signs of hope on the export front are beginning to emerge

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The slow pace of Canadian canola exports is an ongoing issue, with lack of offshore movement a heavy weight on the market. However, the crop may finally find traction on the export front. AAFC projections: Agriculture and Agri-Food Canada released updated supply/demand tables May 21, cutting its call for 2023-24 canola exports to six million
Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel
News

Farm groups criticize capital gains inclusion rate change

Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers 

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In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.
The Marginal Areas Program typically offers $135 to $150 per acre, depending on location.
News

Incentives boosted for marginal acre conversion

DUC, FCC and PespiCo team up to help producers get the most from unproductive cropland

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Ducks Unlimited Canada and Farm Credit Canada have a new partner for their sustainability initiatives. DUC announced in late May that multinational food company PepsiCo will help support FCC’s Sustainability Incentive Program. It links with DUC’s efforts to encourage producers to convert low productivity farmland into perennial cover. DUC’s Marginal Areas Program helps producers absorb
Some analysts see potential for 20-million tonnes of canola production in 2024-25.
Grain Markets, Markets

Weather just one factor affecting canola markets

Rain and extreme weather have caught the headlines but other issues abound

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Canola prices hit calendar-year highs on the Intercontinental Exchange during the week ended May 23, with new crop contracts hovering around the $700 per tonne mark. But lately, there’s been literal rain on canola’s parade. New moisture has been a welcome sight for growers. However, that benefit has been tempered by drawbacks. On the Prairies,

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