U.S. estimates bullish in corn, oilseeds

U.S. estimates bullish in corn, oilseeds

A rally in Chicago soy helped canola correct higher

The ICE Futures canola market tested major support levels in early October, nearing the psychological $700 per tonne level in the nearby November contract on several occasions but never dipping below that point. An eventual rally in the Chicago soy complex provided the catalyst for a more definitive correction off that low. The U.S. Department

ICE November 2023 canola with 20- and 50-day moving averages and January 2024 canola (black line). (Barchart)

ICE weekly outlook: Upside seen for canola prices

'Aggressive manipulation' seen as a factor

MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving


Canola futures sit on the couch

Canola futures sit on the couch

Expert's Radar: Wheat responds to escalating hostilities

My step-counting watch is very good at reminding me to get up and move if I haven’t taken at least 250 steps in the past hour. That subtle vibration is usually enough to get me out of my chair to stretch my legs, although I sometimes miss the reminder. Agricultural futures rarely have a problem

(File photo by Dave Bedard)

Fund short position grows in canola

Funds shift to net short in CBOT soybeans

MarketsFarm — The managed money net short position in ICE canola futures continued to grow in early October as speculators liquidated long positions and put on new shorts, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 10, the net managed-money short position in canola


Counting the stems and tillers of fall-emerged winter cereals will provide a better stand assessment.

Solid footing for Manitoba’s winter cereal crops

The fall had some quirks, but an open seeding window boosted interest in the crop

Manitoba’s winter cereals are off to a good start. Anne Kirk, cereals specialist with Manitoba Agriculture, and Alex Griffiths, agronomist with the winter wheat program of Ducks Unlimited Canada, both report plenty of fields in good shape, particularly those seeded in the prime window in early to mid-September. “We have had some moisture this September,

Producers called to speak on Bunge-Viterra merger

Producers called to speak on Bunge-Viterra merger

Canada’s Competition Bureau is reviewing the deal, but some farm groups call for further government action

Producers who have something to say about the merger of Bunge and Viterra have been given a platform. The Manitoba Canola Growers Association is calling on its members to provide feedback on the deal. A survey has been launched by the group, based on questions from the Competition Bureau, the MCGA said in an Oct.


Ending stocks of Canadian canola for 2023-24 are expected to tighten to one million tonnes.

Speculators bet against canola

Support is drawn from declines in farmer selling

The ICE Futures canola market held within a narrow trading range during the first week of October, testing downside support on several occasions as seasonal harvest pressure wound down, but the market lacked any spark to move higher. November canola found major support around $710 per tonne. Any attempts to break lower quickly ran out

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola futures looking for bottom

Crushing pace remains aggressive

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in three and a half months during the week ended Wednesday, taking some direction from Chicago soyoil as harvest activity winds down across the Prairies. Losses in other markets, including Malaysian palm oil and European rapeseed futures, added to the declines in canola. “Everybody



Pastures green up with recent rainfall, but limits harvest progress

Pastures green up with recent rainfall, but limits harvest progress

Manitoba Crop Report: Issue 22 (week 41)

Overview  Limited harvest progress over the last week due to widespread rainfall across the province. Harvest progress sits at 86 per cent complete across the province, which is ahead of the 5-year average (81 per cent). Harvest has wrapped up for most of the spring cereal crops, with barley at 100 per cent complete, oats