Canada needs a large canola crop this year to restock tight supplies, which doesn’t change the fact that the crop remains expensive to grow.

Canola traders’ attention now turns toward new crop

Upcoming U.S. data could provide some direction in the near term

It’s very hard to know what’s going on,” one trader said of the volatile ICE Futures canola market during the last full trading week of March, as prices were all over the place and a number of rumours circulated in the market. The nearby May contract traded within a $50-per-tonne range during the week, with

It wasn’t a great week for prices, especially old-crop canola

It wasn’t a great week for prices, especially old-crop canola

Other edible oils also ate their share of losses during the week

Rather than getting any St. Patrick’s Day luck, ICE canola futures took more of a hit from the Ides of March. Profit-taking was the main feature for the week ending March 18, which drove a knife into prices that had recently hit record highs. After trading above $800 per tonne to start the week, May



Recent old-crop supply projections from USDA were a non-event for grain markets, with the department’s forecast for new-crop acres due out at the end of this month.

Canola trade turns attention to new crop

Any significant bearish threats for canola would come by surprise

Commentary on canola futures may be starting to sound like a broken record, but at least it keeps skipping on a good part of the song. While canola did some profit-taking correction during the second week of March, the general uptrend remained intact and fresh highs were hit in many months during the week. The


French wheat shipments outside EU rose in February

French wheat shipments outside EU rose in February

Reuters – French soft wheat shipments outside the European Union increased in February as loadings to Algeria and Morocco rose again, offsetting a lull in exports to China, an initial estimate based on Refinitiv data showed. Soft wheat exports by sea to destinations outside the EU and Britain came to 821,000 tonnes in February, the

An expected increase in canola production in 2021 isn’t expected to improve ending stocks for 2021-22.

Today’s mantra for canola is simple

South America’s pending soybean crop stands to drag on canola values

When it comes to ICE canola futures, there’s one thing to keep in mind: tight canola supplies. Those shrinking old-crop supplies will continue to support canola and provide a good reason for prices to climb. That was quite evident March 4 when the May canola contract rose by its daily limit of $30 per tonne


Ukraine grain exports down 20 per cent for season

Ukraine’s grain exports have fallen almost 20 per cent, to 31.7 million tonnes so far this season, which runs from July 2020 to June 2021, Economy Ministry data showed Feb. 25. Traders sold 13.6 million tonnes of wheat, 13.6 million tonnes of corn and 3.96 million tonnes of barley, the data showed. Ukraine is among

When to keep your crop in the bin

When to keep your crop in the bin

Storage can be your friend when marketing grain — but only sometimes

The famous line, “You got to know when to hold ’em, know when to fold” from the Kenny Rogers song “The Gambler” also rings true in grain marketing. Which grain to hold in the bin and for how long is influenced by many factors. Certainly an important component is your storage infrastructure. How much bin


File photo of ships anchored at Vancouver’s Burrard Inlet on March 2, 2020. High prices don’t appear to have yet deterred any actual canola business off of Canada’s West Coast.

Canola’s continuing climb hits profit-taking ceiling

Underlying fundamentals are still supportive of canola values

ICE Futures canola contracts climbed to never-before-seen levels during the last week of February, but the lofty heights proved short lived, with heavy selling pressure when profit-taking finally came forward to weigh on the market. The front-month March contract became a bit of a casino contract, soaring above $800 per tonne as anyone who was

Current cash prices suggest a level of desperation among commercial traders to grab whatever canola remains in farmers’ bins.

ICE canola futures acting independently

New federal estimates paint a picture of tighter ending stocks

It can happen. Canola was showing a good amount of independent strength this week, shrugging off the ebbs and flows of other edible oils. The main driver behind this rarely seen independence is tight canola ending stocks, which have instilled price rationing in ICE canola futures. As one trader explained, commercials are so desperate to grab whatever canola remains