Blooming rapeseed field at sunset

Fundamentals, uncertainty hold canola rangebound

USDA’s soybean yield outlook was briefly helpful

The ICE Futures Canada canola market enjoyed a slight bump during the week ended Oct. 12, as a bullish U.S. Department of Agriculture report lifted the tide for all oilseeds. However, canola futures will likely need more bullish news if they hope to shake free of their recently established range of $490-$500 per tonne. USDA

Oilseed Rape Pods

Canola remains rangebound despite support for soy

The latest USDA report put pressure on wheat values

ICE Futures Canada canola futures spent most of the week ended Sept. 29 chopping around in their recently established range, despite two major reports that moved other agricultural markets. The U.S. Department of Agriculture on Friday released its quarterly stocks report, in which it pegged U.S. soybean stocks at 301 million bushels. That was far


Canola traders are fixed on forecasts for a record crop

Canola traders are fixed on forecasts for a record crop

Minneapolis wheat suggests protein will be in short supply

ICE Futures Canada canola contracts trended higher for the past two weeks, despite seasonal harvest pressure, although the bigger picture remains sideways and rangebound. The November contract briefly traded above the 200-day moving average of $497 per tonne on Sept. 22, on the back of some fund buying triggered by a rally in Chicago soybeans.

Harvest time - combine at canola field

U.S. soy, Prairie weather help halt canola’s skid

A new USDA report was briefly bearish for corn and soy

ICE Future Canada canola contracts managed to halt their recent trek downward on the charts through a mix of weather issues, speculative buying and upward action in U.S. soybeans. However, strength in the Canadian dollar and the continuing oilseed harvest throughout North America were still bearish forces for the commodity during the week ended Sept.


U.S. soy, corn growers take stock after Harvey

U.S. soy, corn growers take stock after Harvey

StatsCan’s canola outlook is within trade estimates

The effects of Hurricane Harvey on soybean-growing weather and energy markets made for a choppy canola market during the week ended Aug. 31. The frenetic week ended with Statistics Canada’s production estimates, which made for an interesting question: was it bullish or bearish? The initial response seemed to indicate investors were mildly reassured by the

Canola sinks below $500 under technical pressure

Canola sinks below $500 under technical pressure

Unharvested canola crops add a layer of uncertainty

ICE Futures Canada canola futures continued to lose ground on the charts with the front-month May contract dropping from $503.70 per tonne on March 17 to $482.50 by the close on March 24. Funds were liquidating long positions and moving to the short side while others bailed as the dominant contract sunk below the psychologically


Canola drops below chart support with fund selling

Canola drops below chart support with fund selling

North America’s weather is poised to become a factor

The ICE Futures Canada canola market ignored St. Patrick’s Day during the week ended March 17, with no green on any of the board as prices fell below major chart support. The May contract dropped below the 200-day moving average, at $508 per tonne, which brought in additional fund selling and saw values hit their

soybeans and soybean pods

Soybean bulls may not find a friend in U.S. crush

The numbers suggest crushers are beginning to oversupply the meal market

The United States has crushed an unprecedented amount of soybeans since the harvest began last fall, but there have not been as many buyers as processors had hoped for, and this could end up burdensome on domestic soybean supply. Data released by the National Oilseed Processors Association Feb. 15 showed that its members crushed 160.621


Soybean Field

U.S. soybeans may be headed for 90 million acres in 2017: Braun

The soybean-to-corn futures pricing ratio is far higher than it usually is at this time of year

It is almost certain that U.S. farmers will plant more soybeans in 2017 than ever before, but profitability indicators in the futures market give good reason to believe that this acreage could push much higher than what we have been prepared for. In its annual long-term projections published late last month, the U.S. Department of

soybeans

China will remain key Canadian soybean market

Recent trade mission suggests demand for food and feed soybeans will continue to grow in that country

China is going to be an important and growing market for all types of Canadian soybeans for the foreseeable future. Soy Canada says it was told loud and clear both food and feed soybeans will continue to be in demand while participating in a recent federal trade mission to China. China is the Canadian soybean