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Canola gets technical support against USDA production data
Grain Markets, Markets

Canola gets technical support against USDA production data

Crush margins have slipped to historically low levels

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The ICE Futures canola market suffered losses during the week ended Sept. 17, but the front-month November contract enjoyed some technical support, which allowed it to stay above the key $490-per-tonne mark. The main item dominating the headlines was a bearish production report from the U.S. Department of Agriculture that weighed down oilseed markets in
Harvest uncertainty holds canola in sideways trench
Grain Markets, Markets

Harvest uncertainty holds canola in sideways trench

StatsCan’s reports did little to move markets either way

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ICE Futures canola contracts held within a rather narrow range during the week ended Sept. 7, with even a pair of Statistics Canada reports unable to break the market out of its sideways pattern. Prairie harvest operations are moving north, and weather conditions and yield reports will be followed closely for at least the next
StatsCan data lifts, U.S. soy drags on canola futures
Grain Markets, Markets

StatsCan data lifts, U.S. soy drags on canola futures

Trade talks add volatility on the Canadian dollar

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Canola futures found themselves in a sea of volatility during the week ended Aug. 31 as trade negotiations, an improving weather situation across Western Canada and a key report by Statistics Canada took turns pulling futures up and down. The government agency, in its Aug. 31 report, estimated Canadian canola production at 19.2 million acres,
Expectations for U.S. crops likely to drag on canola market
Grain Markets, Markets

Expectations for U.S. crops likely to drag on canola market

New crop estimates are due out from StatsCan next week

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ICE canola contracts moved higher during the week ended Aug. 17, although the market remains rangebound overall with seasonal harvest pressure and a large U.S. soybean crop likely to temper the upside going forward. From a chart standpoint, the November contract remains stuck in a $50 range between $475 and $525 per tonne. Statistics Canada
Some buyers have stepped back from the market, awaiting new-crop supplies when they know prices will be cheaper.
Grain Markets, Markets

Canola finds independent strength against soybeans

The switch from Winnipeg to New York weighed on volumes

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Canola futures held up surprisingly well during the week ended August 10 as a heat wave in the Canadian Prairies overpowered the bearish effects of a U.S. Department of Agriculture report that predicted a record soybean crop in the U.S. ICE’s front-month November canola contract closed on Friday, Aug. 10 at $504.90 a tonne, over
Bags Of Money On A Farm Field
Grain Markets, Markets

Canola bid continues to see gains

Slow sales from farms and weather issues are causing the market to tick upwards

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ICE Futures canola contracts chalked up gains during the week ended August 3, underpinned by concerns about excess dryness in Western Canada. Southwest Saskatchewan and southern Alberta are both in need of more rain as crops there remain under heat stress. Temperatures are expected to stay hot during the first week of August. This has
horizontal image of five round steel grain bins sitting in a yellow canola field under a very cloudy sky in the summer.
Grain Markets, Markets

Grain markets playing wait-and-see

Dryness concerns still aren’t causing widespread crop concerns

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ICE Futures canola contracts held within a rather narrow range during the week ended July 27, with volumes on the light side as both farmers and end-users keep to the sidelines ahead of the harvest. Dryness remains a concern in a number of areas, but those concerns have so far not been enough to give
Expect supply outlook to keep canola futures well tethered
Grain Markets, Markets

Expect supply outlook to keep canola futures well tethered

A federal forecast predicts more canola exports in 2018-19

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ICE Futures Canada canola contracts moved higher for most of the week ended July 20, before running into resistance and ending with a softer tone on Friday. A recovery in the Chicago soy complex provided some underlying support for the Canadian oilseed, but canola remains expensive from a chart perspective. World trade continues to keep
Recent sweltering temperatures could affect prices for Canadian canola as dryness concerns stretch across Manitoba and Saskatchewan.
Grain Markets, Markets

Bargain buying of U.S. soy supports ICE canola futures

Corn relatively unchanged on U.S. biofuel policy turmoil

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It was a bumpy ride for the ICE Futures Canada canola market during the week ended July 6. The aftermath of a bearish acreage report by Statistics Canada on June 29 gave way to trepidation on Friday, when Chinese tariffs on U.S. soybeans finally kicked in. Traders sold off contracts in the days leading up
five steel grain bins sitting in canola field.
Grain Markets, Markets

Canola trading kept choppy as agencies estimate acres

Markets will watch where soybeans go as tariffs kick in

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ICE Futures Canada canola contracts held within a rather narrow range during the week ended June 29, with only the nearby July contract seeing some wide price swings as traders exited the front month before its expiry. Aside from the month-end spread trade, positioning ahead of a number of key reports kept activity on the

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