Oilseed Rape Pods

Canola remains rangebound despite support for soy

The latest USDA report put pressure on wheat values

ICE Futures Canada canola futures spent most of the week ended Sept. 29 chopping around in their recently established range, despite two major reports that moved other agricultural markets. The U.S. Department of Agriculture on Friday released its quarterly stocks report, in which it pegged U.S. soybean stocks at 301 million bushels. That was far

Canola traders are fixed on forecasts for a record crop

Canola traders are fixed on forecasts for a record crop

Minneapolis wheat suggests protein will be in short supply

ICE Futures Canada canola contracts trended higher for the past two weeks, despite seasonal harvest pressure, although the bigger picture remains sideways and rangebound. The November contract briefly traded above the 200-day moving average of $497 per tonne on Sept. 22, on the back of some fund buying triggered by a rally in Chicago soybeans.


(Dave Bedard photo)

ICE weekly outlook: Canola facing uphill climb

CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel

Harvest time - combine at canola field

U.S. soy, Prairie weather help halt canola’s skid

A new USDA report was briefly bearish for corn and soy

ICE Future Canada canola contracts managed to halt their recent trek downward on the charts through a mix of weather issues, speculative buying and upward action in U.S. soybeans. However, strength in the Canadian dollar and the continuing oilseed harvest throughout North America were still bearish forces for the commodity during the week ended Sept.



Off-the-combine sales are bearish on canola values

Off-the-combine sales are bearish on canola values

Irma and Harvey create a cautious tone in U.S. markets

ICE Futures Canada canola contracts fell to the bottom edge of their two-month trading range during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie provided a double whammy of bearish news. Weather conditions were close to ideal for farmers to make good progress across much of the Prairies, and the


(Dave Bedard photo)

ICE weekly outlook: Harvest pressure set to increase

CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. The front-month November contract at

U.S. soy, corn growers take stock after Harvey

U.S. soy, corn growers take stock after Harvey

StatsCan’s canola outlook is within trade estimates

The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the


(Dave Bedard photo)

ICE weekly outlook: Canola rises, post-report

CNS Canada — It was an eventful week for the ICE Futures Canada canola market as many in the trade were preparing for the release of Statistics Canada’s crop production report on Thursday. While the report is always taken lightly because it relies on month-old data, it still gives participants some sense of how the