Updated estimates from Agriculture and Agri-Food Canada, released Feb. 19, included only minor revisions to the supply and demand projections for the country’s major crop.
Canola
AAFC adjusts grain/oilseed balance sheets slightly
Canola carryout revised higher, wheat down
Funds move to large net long position in canola
First net long since 2023
Speculative fund traders moved to a net long position in canola for the first time in one-and-a-half years, as they covered short positions and put on fresh bullish bets in early February, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
China to develop gene-editing tools, new crop varieties in biotech initiative
China issued guidelines on Friday to promote biotech cultivation, focusing on gene-editing tools and developing new wheat, corn, and soybean varieties, as part of efforts to ensure food security and boost agriculture technology.
Western Australia’s wheat harvest exceeds forecast by 1.6 million tons, GIWA says
The 2024 grain growing season ended with the third-largest tonnage on record
The Grain Industry Association of Western Australia (GIWA) said on Friday that the state's recent harvest yielded approximately 1.6 million metric tons more wheat than its December forecast.
Canadian government sees agriculture win in free trade agreement with Ecuador
Access for key agriculture exports gained, but not at the cost of supply management
Canada's new free trade deal with Ecuador will provide preferential treatment for Canada's key agriculture exports, such as grains and oilseeds, cereals, meat, pulse crops, processed foods and "sugar-containing" products but won't allow additional access to Canada for for supply-managed products such as dairy, poultry and eggs.
ICE Canada Weekly: Canola set to climb higher
Supplies getting tighter
Canola has been on something of a tear for about a month with increases in 16 of its last 20 sessions on the Intercontinental Exchange as of Feb. 12. Despite a great amount of political chaos surrounding all of the markets, the Canadian oilseed is poised to climb higher for the rest of February, said broker Tony Tryhuk of RBC Dominion Securities in Winnipeg, Man.
Speculators exit short positions in canola
Net short smallest since 2023
Speculative fund traders were busy covering bearish bets and putting on new long positions during the first few days of February, taking the net short position in canola to its smallest level since September 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
Canola stocks shrink, wheat nudges up
StatCan issues stock report
With a decline of 19.2 per cent, total canola stocks in Canada dropped from a year ago, while all wheat stocks bumped up 0.9 per cent, Statistics Canada reported on Feb. 7.
ICE canola weekly outlook: Uncertainty overhanging market
Tariff threats and U.S. biofuel questions
A pause on tariffs from the United States gave the canola market a boost during the first few trading days of February, although the outlook remains cloudy, and values ran into resistance on Feb. 5.
PMRA plans to reinstate lambda-cy use in feed grain crops
PMRA to update guidance, cancel some uses in fruit
Canadian grain and oilseed growers who’d had to stop using insecticides such as Matador, Silencer and Voliam in 2023 for feed grain crops can expect to be able to use them again starting this spring. Health Canada’s Pest Management Regulatory Agency (PMRA) on Monday (Feb. 3) announced a round of public consultations, to run until […] Read more
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