Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.
Canola
Canadian wheat, canola harvests expand, rebound from dry conditions
Global wheat ending stocks have fallen four years in a row on tough weather conditions
Higher canola, wheat production expected in StatCan report
Traders raise concerns about report accuracy
MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set
Canola market sees wide range of trade
The U.S. Thanksgiving break moved participants to the sidelines and lowered volume
The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.
ICE weekly outlook: Canola prices could rebound
'There's nothing all that exciting to look at'
MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume.
Canadian farm cash receipts rise in 2022, but so do inputs
MarketsFarm – Canadian farmers brought in more money in 2022 compared to the previous year, but their expenses were also up resulting in a 7.7 per cent drop in realized net income to $11.8 billion, according to the latest farm income data from Statistics Canada. Data for the first three quarters of 2023 shows another
Speculators buy back bearish canola bets in latest report
Funds reduce net long in soybeans
MarketsFarm — Fund traders were actively covering bearish bets in canola during the week ended Nov. 21, buying back some previously placed short positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). The report was delayed due to the U.S. Thanksgiving holiday. As of Nov. 21, 2023,
Learning from the oldies
Expert's Radar: This classic rock song is also a handy reminder of the nature of markets
“What goes up, must come down, spinning wheel gotta go round…” If you had to pay royalties on songs that get stuck in your head, I’d probably need to cut Blood, Sweat and Tears a hefty cheque by now. Following the commodity markets can often feel like riding the painted pony from their 1960s hit. Crude oil West
Editor’s Take: Setting research priorities a complex puzzle
[UPDATED: Nov. 24, 2023] It’s often observed that from tiny acorns, mighty oaks grow. Nowhere in the western Canadian agriculture scene is this truer than in the canola sector. When one pauses to reflect, one can only marvel at what has happened. A relatively obscure crop, grown largely as a machine lubricant, was transformed into one of
Canola sector gets research funds boost
The federal government and canola sector team up for another five-year research cluster
The federal government is putting up $9 million in funding to drive sustainable growth of the canola sector. The money will support a new canola cluster, said Lawrence MacAulay, federal agriculture minister, at a Nov. 14 media event at the University of Manitoba’s Glenlea Research Station. The 2023–2028 Canola AgriScience Research Cluster follows a similar
Funds, weather chop oilseed prices
Massive selloff of managed money positions drives oilseed prices down
All was going well for canola early in the week of Nov. 14, with the oilseed continuing on its path to recovery. Then things were shaken by speculative funds. Although those funds drove canola prices lower over much of the last month, managed money was also responsible for bringing things largely back to where they