Bags Of Money On A Farm Field

Fears of short supplies sustain canola values

Alberta managed to harvest some of last year’s crop

ICE Futures Canada canola contracts chopped around for much of the holiday-shortened week before fund positioning pushed the front-month contracts up $5 on April 13. The spike left the May contract perched at the technically important $500-per-tonne mark. One of the main factors underpinning the canola market continues to be the idea that stocks of





(Photo courtesy Canola Council of Canada)

Canola’s rally pushes cash prices higher

CNS Canada — Canola cash prices notched gains with recent news out of the U.S., but the market remains rangebound, and near-term support is likely to run dry. Canola cash prices were supported by a two-day rally in the futures, said Mike Jubinville of ProFarmer Canada, but crushers have widened out the basis for nearby



Brown mustard. (Peggy Greb photo courtesy ARS/USDA)

Mustard seeding to drop with higher stocks, competition

CNS Canada — Stockpiles of mustard are likely to put a squeeze on the number of acres seeded in Canada this year, especially as the commodity competes price-wise with canola. Olds Products, North America’s second-biggest mustard manufacturer, has started contracting acres in Alberta, Saskatchewan, North Dakota and Montana. Seed division manager Walter Dyck expects less

(Dave Bedard photo)

ICE weekly outlook: Canola pointed lower

CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to