“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg

ICE Canada Weekly: Canola set to climb higher

Supplies getting tighter

Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.

 Photo: Greg Berg

Speculators exit short positions in canola

Net short smallest since 2023

Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).





Photo: jjmiller11/iStock/Getty Images Plus

U.S. livestock: Cattle mixed, hogs higher

Strong export sales for cattle, hogs

Live and fed cattle futures on the Chicago Mercantile Exchange dropped back on Thursday, despite strong export sales. The United States Department of Agriculture reported export sales of 24,907 tonnes for the week ended Jan. 30. That’s up 23.5 per cent from the previous week and the most since August. The April live cattle contract






Tariffs will be ‘devastating’

Tariffs will be ‘devastating’

Farm groups react as U.S. inches closer to tariffs

Canadian farm groups react to Trump tariffs. The Canadian government has announced plans to impose its own tariffs on U.S. imports as soon as the American tariffs go into effect