Open interest in the canola market was down by 14,880 contracts on the week.  Photo: File

Fund short position grows in canola

Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in

Canola prices pull back

Canola prices pull back

As conditions have improved, prices have eroded, even with planting delayed

Spring planting has caught up with canola futures on the Intercontinental Exchange. For several weeks canola pushed upward, even as rain across the Prairies replenished depleted soil moisture levels, but now optimism for good crops has put pressure on values. Planting was delayed and as much as 40 per cent of this year’s canola is


 Photo: Greg Berg

Can canola markets find traction?

Expert's Radar: Signs of hope on the export front are beginning to emerge

The slow pace of Canadian canola exports is an ongoing issue, with lack of offshore movement a heavy weight on the market. However, the crop may finally find traction on the export front. AAFC projections: Agriculture and Agri-Food Canada released updated supply/demand tables May 21, cutting its call for 2023-24 canola exports to six million

Some analysts see potential for 20-million tonnes of canola production in 2024-25.

Weather just one factor affecting canola markets

Rain and extreme weather have caught the headlines but other issues abound

Canola prices hit calendar-year highs on the Intercontinental Exchange during the week ended May 23, with new crop contracts hovering around the $700 per tonne mark. But lately, there’s been literal rain on canola’s parade. New moisture has been a welcome sight for growers. However, that benefit has been tempered by drawbacks. On the Prairies,


The ups and downs of canola futures markets

The ups and downs of canola futures markets

Changes in moisture fortunes shift markets

Canola futures hit their strongest levels of 2024 in early May before backing off those highs as losses in outside markets and improving Prairie moisture conditions slowed the upward momentum. July canola hit a session high of C$669.10 per tonne May 7, with the new-crop November contract hitting its year-to-date peak at C$682.10 per tonne.

What will drive grain prices higher?

What will drive grain prices higher?

Expert's Radar: Much of the recent news surrounds transportation in one way or another

Weather conditions through spring seeding will be a major market-moving factor over the next few weeks, but news on the transportation front may also sway values. Planes — The United States government announced long-anticipated guidance on its subsidy program for sustainable aviation fuel (SAF) on April 30. The announcement only covers the next year, but