In a show of independent strength, canola futures on the Intercontinental Exchange (ICE) had one of its best weeks this calendar year during the week ended April 24.
Canola
ICE Weekly: Canola rises sharply
Fund traders back adding to short positions in canola
The net managed money short position in canola grew for the first time in seven weeks as fund traders put on fresh bearish bets in mid-April, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta municipalities, farmers agree to cut water use as drought persists
Municipalities and irrigation districts in Alberta have agreed to use less water this summer to combat a severe ongoing drought, the provincial government said on Friday.
ICE canola weekly outlook: Trends shift lower once again
Canola futures broke below major chart support levels in mid-April, with nearby price trends all turning lower as attention in the market turns to the upcoming crop.
Machine learning may help get a leg up on blackleg
AI-backed research results may help growers better manage the risk of blackleg in canola crops
Results of a recent study by researchers in Manitoba and Alberta could help growers fight blackleg disease in canola more effectively. The study was done by a team of researchers at the University of Manitoba led by Dilantha Fernando, a professor in the school’s plant science department. They were joined by Michael Harding, a plant […] Read more
ICE Canada Weekly: Canola looking to S&D report for direction
While the start of the week of Apr. 8 saw canola futures on the Intercontinental Exchange trade in a very narrow range, broker Jamie Wilton of RJ O’Brien in Winnipeg said that could soon change.
Mixed outlook on global canola production
Australian canola production is expected to rise in 2024/25, while the European rapeseed crop will likely be smaller on the year, according to updated estimates from the United States Department of Agriculture’s Foreign Agricultural Service.
Net short position in canola continues to shrink
Managed money fund traders continue to chip away at the large net short position in canola futures, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Leafhoppers remain a cause for concern
Aster yellows can quickly wipe out canola and other crops
Aster leafhoppers may be small but they pose a huge risk to canola and other crops on the Prairies. The aster leafhopper (Macrosteles quadrilineatus) typically measures 3.5 to six millimetres in length. It is straw-coloured and is sometimes referred to as the four-lined leafhopper because of the four dark lines on its forehead. While aster […] Read more
ICE Weekly: More room to the upside for canola
After the May contract on the Intercontinental Exchange (ICE) fell to its lowest level in two-and-a-half weeks, at C$615.70 per tonne on March 28, it jumped to rise above C$645 on April 2. However, the contract closed C$10 below their daily highs on both April 2 and 3.
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