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(Dave Bedard photo)
Crops, Markets

Funds hold steady in canola

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MarketsFarm — Fund traders in the U.S. were busy covering short positions and putting on fresh longs in the soybean and corn markets during the week ended Oct. 1. Meanwhile, the net fund short position in canola held relatively steady, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading
(PortOfThunderBay.com)
Crops

Canola shipments boost Thunder Bay port activity

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MarketsFarm — Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the port authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes reported
Harvest setbacks bring uncertainty to grain markets
Grain Markets, Markets

Harvest setbacks bring uncertainty to grain markets

Canola purchases from the EU have been supportive

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Canola values remained sluggish and rangebound during the week ended Sept. 27, dampened by large carry-out stocks and uncertainty regarding 2019 production volumes. As harvest drags out across the Prairies, challenging weather conditions could begin to harm crop quality. While Statistics Canada earlier in the month predicted canola production to be around 19.358 million tonnes,
Alberta snow further delays canola harvest, boosts prices
Crops, Weather

Alberta snow further delays canola harvest, boosts prices

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MarketsFarm — Canola futures finished up at Monday’s close, boosted by a weather premium after a low-pressure system brought considerable snowfall to parts of Alberta over the weekend. Snow was mostly concentrated in the southern region of the province. Calgary and surrounding areas received around 30 centimetres of snow, according to preliminary results from Environment
(File photo by Dave Bedard)
Crops, Markets

Funds cover some shorts in grains, oilseeds

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MarketsFarm — The net fund short position in canola was reduced slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Speculators also bought back some of their bearish bets in soybeans and corn, the CoT report noted. The net managed money
M&C Commodities president and CEO Carlos Melo.
News

Manitoba company licenses canola protein technology

M&C Commodities will join the plant protein biz and use canola meal from their cold-pressed oils to make canola protein products

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A Manitoba-based company will soon join the plant-based protein craze with canola protein products. Beausejour area crushing facility M&C Commodities has licensed a canola protein extraction technology developed in part with the Manitoba Canola Growers Association, MCGA announced Sept. 5. “We’re proud to offer farmers another stream for canola in the marketplace,” said Carlos Melo,
ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola values stay rangebound

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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

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