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(Dave Bedard photo)
Crops, Markets

Funds still net-short on canola

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MarketsFarm — Fund traders were on both sides of the canola market during the first week of April, reducing their net short position slightly, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in April 7
A once-reliable trading partner is throwing its weight around again.
News, Oilseeds

China decrees dockage reduction

The country has also indicated it will continue its lacklustre buying of canola

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For a few hours last week Canadian farmers thought they were getting back China. In a world grappling with a global pandemic, the return of their biggest canola seed customer was a shot of good news. But the news report saying that was wrong, dashed their hopes. Instead what they got was another turn of
The Chinese/canola puzzle
News, Oilseeds

The Chinese/canola puzzle

What’s really behind the canola ban?

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Huawei, dockage or both? When it comes to China’s strategy on Canadian canola seed it’s anyone’s guess to which takes precedence. “Who knows how much weight is given to the dockage issue,” Canadian Canola Growers Association president and CEO Rick White said in an interview March 31. “I think they just want to control it.
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Crops, Markets

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

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MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7
Fresh snowfall in Winnipeg’s Fort Rouge area on April 8, 2020. (GFM Staff)
Crops, Weather

Cold spring weather expected for Prairies

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MarketsFarm — Temperatures in the Prairie provinces are expected to be colder than average this spring. “There’s no indication that temperatures will be above normal,” said Bruce Burnett, director of markets and weather for MarketsFarm in Winnipeg. Low temperatures will likely cause issues for seeding in areas of the Prairies that have received late-spring snowstorms.
A canola field blooms in Manitoba’s Interlake on July 11, 2019. (Greg Berg photo)
Crops, Markets, Weather

Canola production paths diverge for Canada, Australia

Issues seen in Canadian crop quality, logistics

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MarketsFarm — Canola production is on different paths in Canada and Australia, according to the respective attachés from the U.S. Department of Agriculture (USDA). For the world’s top two canola exporters, the attachés forecast production in Canada to remain steady and project strong gains for Australia. USDA’s Foreign Agricultural Service (FAS) published the reports Monday,
(Gassen/iStock/Getty Images)
Crops, Markets

China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

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Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not
(File photo by Dave Bedard)
Crops, Markets

Funds covering shorts in canola

Traders also move to net long in Chicago soybeans

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MarketsFarm — Fund traders covered short positions in canola and moved to a net long position in Chicago soybeans during the week ended Wednesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Wednesday at
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the

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