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Tag Archives canola prices

China’s interest in buying soybeans, particularly from Brazil and the U.S., has recently helped push soy futures above US$10 and in turn lifted ICE November canola.
Grain Markets, Markets

China’s demand for soybeans bodes well for canola values

Provinces’ estimates suggest lower canola yields than what satellites are seeing

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ICE Futures canola contracts continued their month-long climb during the week ended Sept. 18, hitting their strongest levels in two years. The November contract moved above $530 per tonne during the week, marking the first time the front-month contract had settled above that point since June 2018. The contract has risen by nearly $50 per
As of Sept. 8, Manitoba’s 2020 canola harvest is well behind the three-year average pace.
Grain Markets, Markets

Lots of canola in fields, vulnerable to the elements

The extent of damage from the most recent snap has yet to be fully assessed

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Given the late start to planting this spring, there remains a lot of canola in fields across the Prairies. Manitoba Agriculture on Sept. 8 reported canola in the province was 22 per cent combined, up from seven per cent the previous week, but the three-year average is 57 per cent complete. Yields were said to
(Photo courtesy Canola Council of Canada)
Crops, Markets

U.S. investor to buy Prairie canola ‘streaming’ firm

All-cash deal offers $97.5 million for Input Capital

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A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself
Canola holds steady as seeding gets underway
Grain Markets, Markets

Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

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Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about
Grain Markets, Markets

Snowbound farmers’ reduced sales drag on canola values

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

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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

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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
Canola production on the Prairies takes a weather hit
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

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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
Photo: iStock
Crops, Markets

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

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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

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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

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