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Tag Archives Canola

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Grain Markets

U.S. data boosts canola to remain rangebound

FUTURES | Bullish soybean data is supportive for canola

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After three days of losses, canola futures on ICE Futures regained some lost ground after a flurry of reports were issued by the U.S. Department of Agriculture on Jan. 12. Canola entered the first full week of trading in 2023 on a high note, having made gains on Jan. 6, but with the Canadian oilseed
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola’s steady week takes late turn

Outlook 'neutral to bearish'

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MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday to close at $832.70/tonne. Winnipeg-based
(File photo by Dave Bedard)
Crops, Markets

Fund traders flip back to short side on canola

Corn traders reduce net long position

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MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures
Canola near Harden in New South Wales, Australia on Sept. 20, 2022. Australia’s latest record-large canola crop is seen as likely to keep international markets well supplied.
Grain Markets, Markets

Canola values remain rangebound

Values are seen as likely to stay in their trench until spring

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The ICE Futures canola market remained firmly ensconced in its well-established sideways trading range as activity slowly picked up to start the New Year. The most active March canola contract has held between $800 and $900 per tonne for six months now, with little on the immediate horizon to suggest an imminent break one way
(Dave Bedard photo)
Crops, Markets

Fund traders back on the long side in canola

Net long also extended in CBOT corn, soy

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MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 6,805 contracts on Jan.
“We have a high degree of optimism that we will see canola production grow in North America. Renewable fuels and the demand for renewable fuels is going to grow as well.” – Chris Vervaet.
News, Oilseeds

Renewable diesel demand expected to soar in next two years

Canola production poised to jump as new facilities come on stream in next two years, says processors association

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Glacier FarmMedia – Renewable diesel production is poised to take off in the next five years and the coming boom is great news for canola growers, says the Canadian Oilseeds Processors Association. “For canola crush, in terms of possible capacity growth in the years to come, we could see almost six million tonnes of increased
(Dave Bedard photo)
Crops

SaskCanola, SaskFlax merge offices, management

Groups will maintain separate governing boards, levies

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Sasskatchewan’s canola and flax development commissions are consolidating their management, staff and office space under one roof. SaskCanola and SaskFlax said Wednesday their new “management collaboration” will translate to efficiencies for both commissions with “a full staff complement to support both boards.” Both organizations will now operate out of the current SaskCanola office at Innovation
A canola crop blooms in Manitoba’s Interlake in August 2022. For canola, and many other crops, pretty much anything was going to be an improvement over the drought in 2021.
Grain Markets, Markets

A look back at grain markets in 2022

Manitoba farmers evaded the dry conditions that continue in other parts of the Prairies

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Optimism is the lifeblood of farming, always looking to the coming year with thoughts that it will be better than the one before. For canola and other crops, pretty much anything was going to be a vast improvement over the drought-stricken harvest of last year, and such was the case. Despite harvest 2022 being modestly
ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Sideways canola market watching macros

USDA report may offer nearby direction

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MarketsFarm — ICE Futures canola contracts remain stuck in a sideways trading range to start the New Year, with bearish outside forces countered by relatively supportive fundamentals. From a chart standpoint, March canola is stuck in a sideways range between $800 and $900, with little to suggest a break one way or the other for

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AgCanadaTV: In case you missed it; your national ag news recap for Jan. 16, 2026

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