Speculators were busy covering some of their large net short position in canola in early March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola
Speculators finally backing away from bearish bets in canola
Canola price sees slight growth
Unpriced canola stocks expected to trigger selling into recoveries
The canola market finally showed signs of strength in the first week of March, moving above some key chart points as values stabilized after trending lower for the previous five months. The May contract climbed above its 20-day moving average, settling above the psychological $600 per tonne mark on March 7. The contract traded consistently
ICE Canada Weekly: Look for canola to ease back
At mid-March one broker said he expects canola prices on the Intercontinental Exchange to make their way lower for the balance of the month.
Canadian canola crush hit record in 2023: StatCan
Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Avoiding grain spoilage when temperatures get wild
Grain storage advice for when winter swings from extreme cold to unseasonably warm
With unusually high temperatures interrupted by two deep freezes, it’s been a challenging winter for grain storage on the Prairies and one requiring diligence to protect stored crop. Anne Kirk, cereal crop specialist with Manitoba Agriculture, advises aeration and vigilant monitoring of bin moisture and temperature. The latter is particularly important when outside temperatures fluctuate.
Canola short position up again in early March
The net speculative short position in canola continued to rise in the first trading days of March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Are we at market bottom yet?
[Expert's Radar] May canola appears to have found solid nearby technical support at $580 per tonne
One Thanksgiving, after what must have been a very filling dinner at my grandma’s apartment, a group of my cousins and I, all in town for the holiday, decided to see a movie (School of Rock, if you want to date this anecdote). We never made it to the theatre because the elevator from the
Canola Council of Canada elects Ritter chair
Two director seats change hands at CCC AGM
Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.
Are corn markets poised for a rebound in March?
Ethanol and possibility of China purchases support a rebound
The leap year’s extra day in February provided another one with misery for crop prices on both sides of the Canada-U.S. border. Whether canola, corn, wheat or the Chicago soy complex, all May contracts were under their respective 50- and 100-day averages, and all had large net short positions as of Feb. 29. Each one
ICE canola showing signs of stabilizing
Expectations for slightly lower canola acres ahead of StatCan report
The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.