Green soybean plants

Grain traders turn gaze southward

Expert's Radar: Rains have been helpful for Argentina and Australia

Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina

The October supply and demand report from AAFC had little effect on canola’s price movements.

It wasn’t a good week for canola prices

The soy complex drags on canola values

Canola prices for the week ended Oct. 26 took a hard hit, with the front contracts falling well below the psychological support level of $700 per tonne. A big reason for those declines was canola’s faithfulness to the soy complex on the Chicago Board of Trade, and in particular soyoil.  The path taken by the latter


ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Falling canola market seeks support

Canola seen as 'fairly cheap' but not attracting interest

MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The oilseeds are very swingy and

Grain market relativity

Grain market relativity

Expert’s Radar: The difference between contract months may indicate level of demand

On the Prairies, distance between two places can be measured in many ways, and the official unit of kilometres is among the rarest. Grid roads were established every mile well before the introduction of the metric system, while time as a distance measurement is even more common. “It’s about 20 minutes away. Turn left, drive


(File photo by Dave Bedard)

Fund short position hits new record in ICE canola

Traders return to net long on soybeans

MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the

File photo of Rabobank’s office building in Utrecht. (Rabobank.com)

More acres expected for soybeans, canola, Rabobank says

RaboResearch arm sees Canada's exporters 'struggling' with margins

MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar,


Canola’s bad day at the markets

Canola’s bad day at the markets

Veg oils drag canola below support levels

Despite many signs indicating a rebound, canola prices instead took off in the other direction on Oct. 19. In a selloff that left many analysts checking their charts and scratching their heads, canola blew past support levels and had its largest one-day drop in just over a month. The November contract fell $19.50/tonne to end

ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola pulling lower

Futures subject to 'financial gravity'

MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s


(Photo: Dave Bedard/File)

Little change in AAFC’s October supply/demand outlook

Canola, wheat, pea carryout estimates unchanged

MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24

(Dave Bedard photo)

Managed money adding to net short positions in canola

Canola at biggest net short position in months

MarketsFarm — Managed money fund traders remain bearish canola, growing the net short position in the ICE Futures market to the second largest level of the past year, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 17, the net managed money short position in