Canola crush margins are already historically wide and domestic processors show good demand.

Fund traders not looking to lose their shorts

Signs of a corrective bounce exist, but so does a record-high net short

ICE Futures canola contracts lost roughly $150 per tonne over the past two months, as speculators put on large short positions and exaggerated the seasonal harvest pressure. Values hit fresh four-month lows as the calendar flipped to November, but the market was also showing signs of a possible corrective bounce. The most active January contract

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

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


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

Canola production is down from 2022 and more of it will likely end up with domestic crushers.

Canada’s grain exports remain brisk

Export's Radar: Any unrest in the Middle East will sway energy and financial markets

Harvest operations are wrapping up across the Prairies and attention in grain markets is turning to outside influences. Exports Canadian canola exports were running at a solid pace through the first 10 weeks of the 2023-24 marketing year, but that pace will be hard to maintain. Production was down on the year and more of


U.S. estimates bullish in corn, oilseeds

U.S. estimates bullish in corn, oilseeds

A rally in Chicago soy helped canola correct higher

The ICE Futures canola market tested major support levels in early October, nearing the psychological $700 per tonne level in the nearby November contract on several occasions but never dipping below that point. An eventual rally in the Chicago soy complex provided the catalyst for a more definitive correction off that low. The U.S. Department

Canola futures sit on the couch

Canola futures sit on the couch

Expert's Radar: Wheat responds to escalating hostilities

My step-counting watch is very good at reminding me to get up and move if I haven’t taken at least 250 steps in the past hour. That subtle vibration is usually enough to get me out of my chair to stretch my legs, although I sometimes miss the reminder. Agricultural futures rarely have a problem


Ending stocks of Canadian canola for 2023-24 are expected to tighten to one million tonnes.

Speculators bet against canola

Support is drawn from declines in farmer selling

The ICE Futures canola market held within a narrow trading range during the first week of October, testing downside support on several occasions as seasonal harvest pressure wound down, but the market lacked any spark to move higher. November canola found major support around $710 per tonne. Any attempts to break lower quickly ran out

With Russia having a huge surplus, shipments from war-torn Ukraine curtailed and drought reducing harvest prospects in other exporting countries, the international market looks more reliant on Russian wheat this season.

Why are Russian export prices roiling the wheat market?

Dissecting the factors around Russia’s grain movement and its impact on global markets

Reuters – Russian wheat offers at a recent import tender by Egypt were all made at the same price, highlighting what traders classify as behind-the-scenes intervention by Russia’s government that is sowing confusion about the world’s biggest wheat-exporting country. Here is a more detailed look at what is happening: Russian policy In March, sources told