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Drop of vegetable oil
Grain Markets, Markets

Canola stuck in range despite gains in other vegetable oils

Whether canola needs to run even higher is still a question mark

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The ICE Futures canola market saw some choppy activity during the week ended Feb. 17, generally holding rangebound just below the highs hit earlier in the month. The relatively steady tone in canola came despite broader gains in outside vegetable oil markets, as canola had been looking overpriced compared to competing oilseeds for some time.
Anderson Soletti shows beans from a drought-hit soy crop at Espumoso in Brazil’s Rio Grande do Sul state on Jan. 10, 2022.
Grain Markets, Markets

Canola market dependent on other edible oils

Traders now wait to see how much soy Brazil can still produce

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There isn’t much to prop up canola values — at least if it were to show some independent strength. Traders and analysts have pointed out that old-crop canola has pretty much run its course. As we plow through winter with eyes turning to spring, attention is beginning to shift away from the old-crop months to
A cornfield in Argentina’s Entre Rios province on Jan. 13. Drought and a heat wave have sharply cut the forecasts for the country’s 2021-22 corn and soybean harvests.
Grain Markets, Markets

Canola hews closer to soybean market

Soy has rallied on South America’s weather worries

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Soybean futures at the Chicago Board of Trade climbed to fresh contract highs during the first week of February before running into some resistance. The Canadian canola market was also strong, but held well below its own highs as the relationship between the two commodities experienced some adjustment. Canada’s tight supply situation has been well
A 77-year-old woman looks out her door in the rebel-controlled area of the Zaitseve settlement in Ukraine’s Donetsk region on Jan. 28. She is among few other people who still live in a village divided by a line of separation between pro-Russian rebels and Ukraine’s armed forces.
Grain Markets, Markets

Russia-Ukraine tensions influence wheat prices

North America’s weather also remains a factor

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Sabre-rattling over a possible invasion of Ukraine by Russia has bolstered wheat prices, but when the threat of war eased, wheat followed suit — at least for now. It’s abundantly clear Russian President Vladimir Putin has been seeking to expand his country’s influence in an attempt to increase Russia’s status as global superpower. Countries such
While the marketing process is different for everyone, it’s ultimately about converting your grain assets in to cash.
Grain Markets, Markets

Your grain marketing multi-tool

Using options can help you accomplish many marketing goals with less risk

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Are you thinking more and more about new-crop grain marketing? Maybe you’ve wanted to make some sales up at these levels but are concerned about another dry year with the associated production concerns. Maybe you just believe prices are still going higher and want to be patient, but worried in the back of your mind
Heavy rains and river overflow led to this flooding on Jan. 2 in the Aceh province of Indonesia, the world’s largest palm oil-producing nation.
Grain Markets, Markets

Oilseed price trends remain on upslope

Canola’s highs may be in, at least for the time being

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The ICE Futures canola market has seen some wide price swings to start the new year, hitting contract highs then falling $80 per tonne off of those highs in the front month before eventually rebounding to be right back around where they started the year (as of Jan. 20). Such large swings are to be
A cornfield near Victoria, about 300 km northwest of Buenos Aires, on Jan. 13. Agencies have cut back their forecasts for Argentina’s corn and soybean crops due to recent heat and drought.
Grain Markets, Markets

Not the best week for canola

Oilseed traders’ eyes are now on South America’s forecasts

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Old-crop canola ran into a tough week on ICE Futures with the nearby March contract retreating by more than $50 per tonne. Also, the May 2022 contract gave up over $40 per tonne while new-crop November remained relatively firm. Part of this pullback was that old-crop canola simply became too expensive when compared to other
A soybean field in Argentina. Hot and dry weather in soy- and corn-growing areas of Argentina and Brazil has been supporting those commodities in Chicago.
Grain Markets, Markets

Demand rationing still shows in canola market values

Don’t expect much export traffic in Canadian canola for now

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The ICE Futures canola market started the new year much the same as it ended the old, trending higher in an ongoing effort to ration demand in the face of tight supplies. That underlying sentiment should remain a supportive influence over the next few months, although outside influences do have the potential to trigger short-covering
David Derwin of PI Financial discussed how farmers can capture high grain prices while avoiding risk in the Between the Rows podcast episode, ‘Foodgrains Bank boosters, capitalizing on your commodities’ which aired on Dec. 9, 2021.
Grain Markets, Markets

How to market grain in our current environment

A conversation from the Between The Rows podcast can give you some insight

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Looking for some current insights into marketing your grain? Here’s a transcript of a recent discussion between journalist Ed White and myself on Between The Rows the podcast of Glacier FarmMedia. I think it can give you some good information for the coming year. Ed White: 2021 has been a great year for crop prices.
The loonie’s value against the U.S. dollar climbed to around 83 U.S. cents over 2021, but was set to close out the year near where it started, around 77.
Grain Markets, Markets

Prairies’ drought outweighed COVID among market movers

Canola speculators still held large net long positions heading into 2022

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The Prairie drought was the major market-moving story of the year for Canada’s grains and oilseeds in 2021, even supplanting the ongoing worldwide pandemic as the primary topic of discourse for much of the year. While the uncertainty of the global reaction to new variants will keep COVID-19 as an influence in the financial markets for some time,

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