The net speculative short position in canola continued to rise in the first trading days of March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola short position up again in early March
Are we at market bottom yet?
[Expert's Radar] May canola appears to have found solid nearby technical support at $580 per tonne
One Thanksgiving, after what must have been a very filling dinner at my grandma’s apartment, a group of my cousins and I, all in town for the holiday, decided to see a movie (School of Rock, if you want to date this anecdote). We never made it to the theatre because the elevator from the
Canadian canola acres to dip in 2024, wheat steady: StatCan
Lower prices, moisture concerns cited; moisture has since improved somewhat
Canadian farmers intend to seed less canola in 2024 compared to the previous year, while overall wheat area should hold relatively steady, according to the latest Statistics Canada survey results released March 11.
ICE canola showing signs of stabilizing
Expectations for slightly lower canola acres ahead of StatCan report
The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.
Australia wraps up winter wheat/canola harvest
Production beats earlier forecasts, but are still down on the year
Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
Grain, oilseed markets trending lower
Expert’s Radar: Middle East conflict and a possible rail strike add to market uncertainty
The major North American grain and oilseed markets continued to trend lower in mid-February, with canola, soybeans, corn and wheat contracts all setting new contract lows as the futures work to uncover demand. Burdensome supply/demand fundamentals, coupled with heavily short speculators and farmer selling on any attempts at moving higher, give little reason to expect
Feed barley stuck in downtrend
Canada has imported 564,900 tonnes of U.S. corn since Sept. 1
The Western Canadian feed market remains under pressure, with barley bids stuck in a steady downtrend.
Warm spring in the forecast for most of Canada
Moisture predicted to be normal across most of the country
All of Canada, aside from Yukon and parts of the Northwest Territories are expected to see warmer than normal temperatures over the next three months, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Feb. 28.
Fading El Niño to be replaced by La Niña: The Weather Network
Warmer than normal temperatures expected to continue on the Prairies
Fading El Niño weather patterns will be replaced by La Niña conditions heading into the summer, according to the latest seasonal forecast from The Weather Network.
Spring road restrictions coming soon to Prairies
Grain, equipment movement can be affected by road bans
The spring melt across Western Canada will cause disruptions to grain and livestock movement, as seasonal spring road restrictions come into effect across the Prairies.
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