Canola futures fell hard during the week ended March 8, hitting their lowest levels in more than two years as concerns over Chinese demand came to the forefront. Over the past few months, rumblings that Chinese demand was waning and Canadian exporters were facing extra hurdles moving canola to the country had been growing louder.
Rumours become reality as China curbs canola demand
Traders also have a wary eye on U.S. Midwest weather
Pulse weekly outlook: Green pea premium to erode with acreage increase
MarketsFarm — Green peas continue to command a sizeable premium over their yellow counterparts in Western Canada, which should see acreage shift this spring and an eventual rebalancing of the price spread. Green peas usually trade at a premium to yellow peas due to higher quality specs and concerns over bleaching, but the current price
Fund short position rises in canola
MarketsFarm — Fund traders added to their net short position in ICE Futures canola contracts during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). After being delayed by the U.S. government shutdown, the CFTC was finally up to date with its
Concerns over demand from China drag on canola values
U.S. traders remain cautious with no trade deal yet set
ICE Futures canola contracts crashed and burned during the week ended March 1, hitting fresh lows in the front months every day of the week. Concerns over Chinese demand coupled with bearish technical signals accounted for much of the selling pressure. While Canadian political attention was largely on other matters during the week, the simmering
ICE weekly outlook: China worries keep market trending down
MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems
Feed weekly outlook: Market aims to ration tight barley supplies
Tightening feed barley supplies in Western Canada have end-users looking to alternatives, with cheaper U.S. corn imports likely to keep a lid on prices. “Barley stocks are tight, so the market is trying to ration the amount of barley being used and it’s doing a pretty good job of that,” said Jim Beusekom of Market
ICE canola finds support at low end of long-term range
World wheat carry-out is expected down from 2017-18 size
ICE canola futures fell to fresh contract lows during the week ended Feb. 22, but did manage to find some support to the downside as values eventually consolidated near the bottom edge of their long-term trading range. The focus in the futures has shifted from the March contract to the May, with intermonth spreading a
ICE weekly outlook: More losses likely for soft canola
ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade
CBOT weekly outlook: Soybeans, corn watching trade talks
Movement in grain and oilseed futures at the Chicago Board of Trade remains highly dependent on developments in trade talks between the U.S. and China. China-U.S. trade negotiations have provided some sporadic support for the futures, but there have yet to be any concrete developments. While confirmation of an actual deal would change the outlook,
Canola exports still sluggish, but grains solid
Canadian canola exports continue to lag behind the year-ago pace, with large supplies in the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Canada only exported 69,900 tonnes of canola during the week ended Sunday, well below the 205,500 tonnes that moved the previous week. Total canola exports during the
Cyber-Savvy Farmer
