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The annual demand for biofuel in Canada is expected to reach 10 billion litres by 2030.
News

Carbon intensity is ‘game changer’

To stay competitive, canola will have to improve its score

By
Glacier FarmMedia – Bob Larocque had one takeaway from his presentation at Canola Week 2023. “Remember carbon intensity because that’s the game changer,” said the president of the Canadian Fuels Association. That factor will help determine the value of canola when large volumes of the crop are being consumed by the renewable diesel sector. His
Photo: Greg Berg
Crops, Markets

ICE weekly outlook: No reason for strong rally in canola 

Canola likely to pull back once trading gets back into full swing in New Year

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There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.
A recent major league baseball saga is a good reminder of how grain and oilseed markets can also find themselves caught up in hype at times, with all signs pointing one way – until they aren’t.
Grain Markets, Markets

Baseball hype a case study for markets

Expert's Radar: Sometimes it’s too easy to be swept away in market excitement

By
For one brief shining moment, the best two-way baseball player in generations and most sought-after free agent this offseason, Shohei Ohtani, was definitely coming to play in Canada for the Toronto Blue Jays. All the signs were there: a private jet was flying from Los Angeles to Toronto; an upscale sushi restaurant was booked for
Bearish factors weigh on canola market
Grain Markets, Markets

Bearish factors weigh on canola market

Larger production, higher expected carryout and even the charts are dragging down the yellow crop

By
The ICE Futures canola market was hard pressed to see room to the upside as it headed into the end of 2023, with relatively comfortable supplies and generally bearish technical signals overhanging the market. The March contract has lost roughly $50 per tonne since the beginning of December, trading at levels not seen since June.
Swathed canola dries down in preparation of harvest in Manitoba's Interlake.
Grain Markets, Markets

Several factors weigh on canola prices

Will canola now recover, or continue to spiral downward?

By
After continuing to take a barrage of heavy hits during the week of Dec. 1 to 7, canola futures on the Intercontinental Exchange are now faced with a fork in the road. They can either resume the downward spiral, busting through support level after support level, or they could see successive increases that could bring
Photo: Canstock
Markets

Funds back adding to shorts in canola after month of covering

Corn traders were on the other side of the market

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After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Photo: Thinkstock
Markets

China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

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China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.

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