The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
Tag Archives oilseed markets
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
Oilseed crush down, grain deliveries rise in June: StatCan
Canadian grain deliveries reached a three-month high in June
Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before. Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June
ICE weekly outlook: Upticks during a downturn not unusual
MarketsFarm – As prices fall back, an analyst said it’s very common for there to be occasional spike upwards, and that’s exactly what’s been happening to canola. “We’ve come down a long way and having a bit of a rally wouldn’t be unusual,” commented analyst David Derwin of PI Financial in Winnipeg, Man. “After we
Plenty of upside for falling flax prices
MarketsFarm – One of the most expensive crops grown in the Prairies is losing some of its value. While flaxseed prices in Western Canada are still at or above those from last year, they have come down by at least 15 per cent since last month. The high-delivered bid for flax in Saskatchewan is C$28
ICE weekly outlook: The larger picture behind drop in canola
MarketsFarm – While the declines in canola prices can be partially attributed to the lack of major weather concerns on the Canadian Prairies and the early development of this year’s crop, an analyst said the main reason is on a grander scale. “The major one is the overall drop in the commodity world. For instance,
Speculators bail out of long positions in canola
MarketsFarm – Speculators continued to bail out of long positions in the ICE Futures canola market during the week ended June 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 25,117
ICE weekly outlook: USDA reports could spur record canola acres
MarketsFarm — After May and July canola contracts took hefty hits over the past the week, they skyrocketed to close out the calendar month following a pair of reports from the U.S. Department of Agriculture (USDA). The department on Wednesday issued its first survey-based prospective planting report for 2021, which called for increased acres for
Tight canola supplies could perhaps cause ‘short squeeze’
Volatile ICE March canola punched above $700 briefly last week
The ICE Futures canola market went for a wild ride during the last week of January, hitting levels not seen in nearly 13 years before profit-taking took a bite out of the upside. The nearby March contract rallied sharply for three straight sessions, eventually hitting a high for the move of $724.50 per tonne. The last time canola was
Canola gets bounce off soybeans’ gains
Uncertainty also continues over U.S. soybean acreage
ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January
Take a wide view to understand canola pricing
Canada is a big canola producer but it’s the wider world oilseed market that bears watching
Where are canola prices going this fall?’ That’s been a common question, both this year and in years past. Many factors from around the world combine to affect canola prices. From production science, to consumer trends, to shipping and logistics, from new product uses, government regulations and trade barriers, to commodity substitutability — all affect the marginal supply
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