canola prices Archives - Page 15 of 26

Snowbound farmers’ reduced sales drag on canola values

Unfounded intel suggesting a breakthrough on the canola ban was briefly supportive

By Marlo Glass April 10, 2020

Cold spring temperatures and a late snowstorm depressed canola markets during the week ended April 3. While nearby contract prices started the week with relative strength, that petered out by midweek when an impressive amount of snow fell in eastern Saskatchewan and western Manitoba. That, combined with cold temperatures, discouraged some farmer selling and sidelined some trading activity. Earlier in the week,

ICE Futures March 2020 canola with 20- and 50-day moving averages. (Barchart)

Crops, Markets

High stocks-to-use ratio weighs on canola

By GFM Network News January 24, 2020

MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation

ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Canola values could fall further

By GFM Network News, Glen Hallick - MarketsFarm December 11, 2019

MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David Derwin, an analyst with PI

Grain Markets, Oilseeds

Canola production on the Prairies takes a weather hit

But that effect on production may have already been digested by the market

By Phil Franz-Warkentin October 31, 2019

Poor harvest weather definitely cut into the size and quality of this year’s Canadian canola crop, with a large percentage still in the fields heading into the end of October. However, that supportive supply-side story may be factored into the futures for the time being, with the market now in need of some fresh demand

Crops, Markets

ICE weekly outlook: Canola bids return to being range-bound

By GFM Network News, Glen Hallick - MarketsFarm October 31, 2019

MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with rain and snow have provided

ICE November 2019 canola with Bollinger (20,2) bands. (Barchart)

Crops, Markets

ICE weekly outlook: Canola values stay rangebound

By GFM Network News October 17, 2019

MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked

ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)

Crops, Markets

ICE weekly outlook: Canola values stay rangebound

By GFM Network News September 25, 2019

MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with

Crops, Markets

Input Capital cuts costs as delayed sales lift Q3 profit

By GFM Network News, Gfm Staff August 13, 2019

A hostile canola export market has left “commodity streaming” firm Input Capital paring back its staff count and halting its sales and marketing efforts. The publicly traded Regina company on Tuesday booked adjusted net income of $1.06 million on $4.95 million in adjusted total revenue for the quarter ending June 30, up from about $249,000

ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Not much faith in USDA’s WASDE

By GFM Network News, Glen Hallick - MarketsFarm July 10, 2019

MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward

ICE July 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Crops, Markets

ICE weekly outlook: Little for canola bids to stand on

By GFM Network News, Glen Hallick - MarketsFarm May 8, 2019

MarketsFarm — There wasn’t much available to sustain a bounce in canola prices, from where David Derwin sits. “It’s really tough to say. We had canola drop so much over the last couple of months and sometimes it’s ‘buy the rumour, sell the fact,’” said Derwin, a commodities portfolio manager with PI Financial in Winnipeg.

Daily Network News

U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data

Federal budget shows remaining disconnect between agriculture, policymakers, panelists say

U.S. livestock: Cattle futures continue downward

Tag Archives canola prices

Snowbound farmers’ reduced sales drag on canola values

High stocks-to-use ratio weighs on canola

ICE weekly outlook: Canola values could fall further

Canola production on the Prairies takes a weather hit

ICE weekly outlook: Canola bids return to being range-bound

ICE weekly outlook: Canola values stay rangebound

ICE weekly outlook: Canola values stay rangebound

Input Capital cuts costs as delayed sales lift Q3 profit

ICE weekly outlook: Not much faith in USDA’s WASDE

ICE weekly outlook: Little for canola bids to stand on

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