CNS Canada — Canola crush margins have improved considerably over the past few weeks, to sit at some of their best levels of the past year. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also factoring into the equation. As
Canola crush margins at best levels of year
ICE weekly outlook: Canola in need of outside catalyst
CNS Canada — Canola contracts on the ICE Futures Canada platform held within a rather narrow range during the week ended Wednesday, but moved higher overall. However, further gains will take an outside catalyst, according to a market analyst. “There’s a very firm tone to the market,” said Errol Anderson of ProMarket Communications. Fund traders,
Sun shines on oil sunflowers in Manitoba
CNS Canada — Shifting price trends will see Manitoba farmers plant more oilseed sunflowers this year but less of the confectionary varieties, according to industry participants. Manitoba accounts for nearly all of Canada’s sunflower production, with Statistics Canada forecasting planted area in 2016 at 80,000 acres. That would compare with 100,000 acres the previous year.
Bullish canola futures hit new highs
CNS Canada –– Both old- and new-crop canola contracts traded on the ICE Futures Canada platform climbed to new highs on Tuesday, with a bullish reaction to U.S. supply/demand data providing the catalyst for the rally. The most active July futures touched a session high of $544.60 per tonne, before settling Tuesday at $532.30. The
StatsCan report confirms tightening canola, wheat supplies
CNS Canada — Canadian canola and wheat supplies are much tighter heading into the final months of the 2015-16 crop year than they were at the same point a year ago, according to Statistics Canada’s latest stocks report. StatsCan pegged the country’s canola stocks, as of March 31, at 7.49 million tonnes in its report
CBOT weekly outlook: Soy, corn consolidating
CNS Canada –– Soybean futures at the Chicago Board of Trade appear to be running out of room to the upside, and are now consolidating after posting sharp gains through March and April. “A lot of positive news has now been discounted,” said Rich Feltes, vice-president of research at RJ O’Brien in Chicago, noting export
StatsCan grain stocks data to confirm feed demand, production
CNS Canada — Just how much barley did Canadian cattle eat over the past winter? Will there be any old-crop wheat left over this year? And how much canola was really grown in 2015? Answers to these questions and more will be closer to being found when Statistics Canada releases its latest stocks data on
Seeding underway in southern Alberta
CNS Canada — Alberta farmers are in the early stages of seeding this year’s crop, with operations expected to become more widespread over the next few weeks. “Southern Alberta is the most advanced, and (farmers) have been plugging away for as long as two weeks in some areas,” said Mark Cutts, a crop specialist with
Weekly canola crush hits yearly low
CNS Canada — Canada’s weekly canola crush dropped sharply over the week ended Wednesday, but some of the decline is likely tied to an overstatement of what was processed the previous week. The weekly canola crush came in at only 110,909 tonnes, which compares with 180,078 tonnes the previous week, according to data from the
ICE weekly outlook: Still room higher for canola
CNS Canada –– ICE Futures Canada canola contracts moved higher during the week ended Wednesday, with the biggest gains in the front months. While the market ran into some resistance on Wednesday, there is still more room to the upside from both a chart and fundamental perspective. “We’re still in an upward trend; we haven’t
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