Australia’s ABARES raised its forecast for national wheat production this season by around 1.8 million tonnes to 35.6 million tonnes, cementing expectations for a bumper harvest that will add to abundant global supply and pressure prices.
Tag Archives Canola
Australia raises wheat harvest estimate by nearly two million tonnes
Grain markets hungry for U.S. data
The U.S. government shutdown meant that futures markets were left without robust grain supply information
The U.S. government shutdown meant that futures markets were left without robust grain supply information
ICE canola weekly outlook: Slowly grinding higher
ICE canola futures saw some choppy activity during the week ended Nov. 26, falling below nearby support at one point before clawing back from those losses to continue their steady uptrend of the past two months.
Funds held large net short in canola before U.S. shutdown
Speculative fund traders were adding to a recently-established net short position in canola at the end of September, said the first Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC) since the end of the U.S. federal government shutdown.
ICE Canada Weekly: Canola likely to remain rangebound
Canadian canola futures are poised to slip back in the short term, although the oilseed could climb slowly higher in the long term, said Jamie Wilton, trader with R.J. O’Brien in Winnipeg, Man.
ICE Weekly: Trade progress, new data threaten to break canola’s price range
Canola futures could be affected by trade progress between Canada and China as well as the USDA’s November supply and demand estimates.
Notable changes in exports to China, India
China and India figured prominently in the September export data issued by the Canadian Grain Commission on Nov. 7. For the most part, the CGC’s numbers highlighted issues with grain, oilseed and pulse exports from licensed facilities to those countries.
Canola trade watchful during harvest intermission
Geopolitics and speculative money flows are driving grain markets as we enter ‘reaction season’
The flow of speculative money, reacting to whatever world news is available, can be expected to steer grain and oilseed futures in this stretch between Northern and Southern Hemisphere harvests, Phil Franz-Warkentin writes.
ICE canola weekly outlook: Market rangebound
ICE canola futures saw some wide price swings during the week ended Nov. 5, although the market remains stuck in a sideways range overall.
Gene editing’s growing sway in plant breeding
Crop variety development in Canada is evolving to incorporate gene editing more as a breeding tool; one researcher notes that Canada’s regulatory approach will help drive innovation
Gene editing is becoming a baseline tool to drive innovation in Canadian crop research and new varieties.
Cyber-Savvy Farmer
