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Tag Archives Canola

(File photo by Dave Bedard)
Crops, Markets

Canola fund short position grows

Funds also net short in U.S. wheats

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MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net
Canola sees short-term gain, long-term pain
Grain Markets, Markets

Canola sees short-term gain, long-term pain

The latest StatCan survey piled on other bearish factors

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If Statistics Canada estimates are correct, this year’s domestic canola crop will continue the oilseed’s ongoing acreage recovery since Western Canada’s historic 2021 drought. Last week StatCan released its first survey-based seeding intentions report for 2023-24, projecting canola area to increase by 0.9 per cent from 2022-23, to 21.597 million acres. This might be an
ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow open/high/low/close). (Barchart)
Crops, Markets

ICE weekly outlook: Expect canola to climb higher

Seeding reported underway in southern Alberta

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MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor
(Dave Bedard photo)
Crops, Markets

Fund short position in canola grows for first time in a month

Corn moves from net long to net short

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MarketsFarm — After covering bearish bets for four straight weeks, managed money fund traders were back on the sell side of the canola market in late April, covering longs and putting on new short positions. According to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC), as of April 25,
Canola demand equal to winter canola influx
Grain Markets, News

Canola demand equal to winter canola influx

Biofuel markets are on the rise and there’s probably more than enough demand to go around

By
Rising demand for oil due to the biofuel market will likely swallow any influx American winter canola might produce, experts say. “I think we’ll need all the supply that we can get,” said Curtis Rempel, vice-president of crop production and innovation with the Canola Council of Canada. Why it matters: Winter canola is being promoted
The latest activity in canola markets has more to do with speculators buying back short positions.
Grain Markets, Markets

Betting on grain markets

Expert's Radar: The spreads become important when trying to understand market action

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As a casual hockey fan who only pays real attention once the playoffs roll around, it’s been interesting to see the sheer number of sports betting ads, and even commentary, now that gambling on the outcome of individual games is legal in Canada. There are many ways to bet on sports. While simply picking which
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: StatCan’s canola area estimate questioned

Traders predict significant increase ahead

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MarketsFarm — Statistics Canada on Wednesday released its first survey-based seeding intentions report for the 2023-24 marketing year, reporting an anticipated 0.9 per cent rise in canola acres, to 21.6 million. The figure occupied the lower end of trade expectations, but StatCan recently adopted a new methodology of conducting the survey last December and January,
Spring planting is proceeding in parts of the U.S. Midwest, including this field at Montgomery Township in northeastern Ohio’s Ashland County on April 19.
Grain Markets, Markets

Canola trade’s attentions turn to thoughts of spring

Planting is already underway in U.S. fields nowhere near you

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The ICE Futures canola market saw mixed activity during the week ended April 20, with the nearby May contract hitting both its highest and lowest levels of the past month as traders worked to exit the contract ahead of its expiry. The more-active deferred months were also up and down during the week, but held
File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

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MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest
(Merit Functional Foods video screengrab via YouTube)
Crops

Merit Foods co-owner Burcon partnering on bid for assets

Unnamed 'plant protein company' now in on Burcon's bid

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A major shareholder in beleaguered pea and canola protein processor Merit Functional Foods has brought on an unnamed partner in its bid to buy the business out of receivership. After announcing last month it would submit a bid for the next-to-new Merit assets, Vancouver-based plant protein firm Burcon NutraScience said Monday it’s now “participating in

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