The flow of speculative money, reacting to whatever world news is available, can be expected to steer grain and oilseed futures in this stretch between Northern and Southern Hemisphere harvests, Phil Franz-Warkentin writes.
Tag Archives canola futures
Canola trade watchful during harvest intermission
Geopolitics and speculative money flows are driving grain markets as we enter ‘reaction season’
GRAIN MARKET: Good week for canola not likely to last
Canola could be heading down below $600/tonne
Canola prices hung on fairly well during the week ended Oct. 9, but Canadian farmers may still see canola heading under $600 a tonne
Canola price outlook rather grim for Canadian farmers
Some hope seen with trade delegation, federal announcement
Nearby canola futures slipped further back during the week ended Sept. 4, as they approached C$600 per tonne. The most-traded November contract lost C$15.50 on the week, that brought it down to C$620.20/tonne.
Bearish speculative bets rise in canola futures
Speculative fund traders were busy putting on fresh bearish bets in early December, taking the net managed money short position back above 100,000 contracts for the first time in two months, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Chinese buyers slash Canadian canola imports on fears of anti-dumping duty
Chinese importers are scaling back purchases of Canadian canola with shipments from December likely to plunge as most buyers are reluctant to sign new deals for fear that Beijing could impose retaliatory anti-dumping duties.
ICE Weekly: StatCan report puts a stop to canola’s rally
Canola prices at the Intercontinental Exchange (ICE) were on the rise for most of the week ended Aug. 28, until the release of Statistics Canada’s (StatCan) production estimates for the 2024-25 crop year on Aug. 28.
ICE Canada Weekly: Little confidence in AAFC, StatCan reports
There is skepticism in the trade towards the latest numbers from Agriculture and Agri-Food Canada and those to come from Statistics Canada on Aug. 28, according to broker Ken Ball of Ventum Financial in Winnipeg.
ICE canola weekly: Dropping with soy complex
The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
Canadian markets ignoring any weather woes for now
Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, with solid production prospects out of the United States weighing on values overall.
ICE Weekly: Canola could go lower despite correction
Canola futures at the Intercontinental Exchange (ICE) followed the lead of vegetable oils during the first trading week of August, posting sharp losses despite seeing a modest correction on Aug. 7.
Cyber-Savvy Farmer
