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(Photo courtesy Canola Council of Canada)
Crops

Alberta RCMP spike grain truck to recover canola

Two suspects arrested, charged

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RCMP in central Alberta say they’ve recovered a “significant amount” of canola and arrested and charged two people after a grain truck suspected in an alleged canola theft was halted by a spike belt. In a release Tuesday, RCMP at Bashaw — about 80 km northeast of Red Deer, in Camrose County — said they
One of eight vessels, carrying 195,000 tonnes of Ukrainian agricultural products, sails from southern Ukraine on Sept. 21.
Grain Markets, Markets

Market-moving factors go beyond fundamentals

Recession fears and Black Sea export worries sway commodities

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Canola futures climbed higher during the week ended Sept. 22, as historically wide crush margins finally showed signs of correcting themselves.  Crush margins relative to the November contract rose above $300 per tonne during the week, indicating canola futures values had considerable room to the upside while still being profitable for buyers. Crush margins around
ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

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MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil.
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canadian wheat, canola stocks projections revised higher

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MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are
A 20 million-tonne canola harvest is unlikely now, but a figure below 18 million tonnes is also unlikely.
Grain Markets, Markets

Canola yields not great, but good improvement

Harvest progress last week was well behind the five-year pace

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As farmers contend with less-than-ideal canola yields, the main thing to keep in mind is the 2022-23 harvest will still be vastly better than last year’s. On Sept. 14, Statistics Canada issued its latest production report, following up on its previous one released Aug. 29. That one was based on satellite imagery taken at the
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

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MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to
(Viterra.ca)
Crops, Markets

Farmers’ wheat, canola deliveries picking up in West

Commercial canola stocks increase

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MarketsFarm — The advancing Prairie harvest has seen an increase in farmer deliveries of grains and oilseeds into the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Export activity for canola remains very light through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial
Relatively favourable weather has led to harvest progress and, very likely, increased farmer selling on grain and oilseed markets.
Grain Markets, Markets

Canola slips below psychological supports

Demand from end users may be less aggressive these days

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ICE Futures canola contracts moved lower during the first week of September, falling below psychological chart support as harvest operations progressed across the Prairies amid relatively favourable weather. While there were many areas of concern during the growing season and the bulk of the canola harvest is still far from the bin, it’s fairly safe to say that
ICE November 2022 canola (candlesticks) with 100-day moving average (green line) and Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola futures continue trending lower

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MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in

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