Canola Archives - Page 51 of 315

China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

By Glacier FarmMedia, Phil Franz-Warkentin, GFM Network News December 7, 2023

China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.

ICE March 2024 canola as of Dec. 8, 2023, with 20-, 50- and 100-day moving averages. (Barchart)

Markets

ICE weekly outlook: Canola likely to keep sliding back

With larger crop, trade likely to be overwhelmed by deliveries, analyst says

By GFM Network News December 7, 2023

There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4.

The InputsPro mobile app enables users to filter data by crop and pest type, so they make informed crop protection decisions more quickly and efficiently.

Features

Manitoba entrepreneur creates InputsPro for Prairie farmers

The new mobile app provides easier access to crop protection data

By Mark Halsall December 6, 2023

In 2021, Kristen Timmerman was studying agriculture in university when she set out to develop an ag-tech tool she says she believes was long overdue. The tool is InputsPro (inputspro.ca), a mobile app and website that provides farmers, agronomists, ag retailers and crop specialists with essential data culled from the government-issued crop protection guides for […] Read more

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Markets, Reuters

U.S. grains: wheat futures rocket higher on private sales to China

Corn ended narrowly mixed supported by a favorable export inspection report by U.S. government

By Reuters, GFM Network News December 4, 2023

Chicago Board of Trade wheat rose nearly three per cent on Monday, with the most-active contract Wv1 reaching the highest level since late August after the U.S. Department of Agriculture confirmed the largest one-off private sale to China in years.

Markets

Net fund short position edges down in canola

CBOT fund traders were liquidating some large net long positions in soybeans

By GFM Network News December 4, 2023

Fund traders were buying back some of their large net short position for the fourth week in a row in late-November, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Crops, Markets

Australian crops improve, but well off recent records

Winter crop harvest reportedly progressing quicker, earlier than recent years

By GFM Network News December 4, 2023

Australia’s winter crop production likely beat earlier expectations but will still be down considerably compared to the record-large production in recent years, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

(Screengrab from Merit Functional Foods video via YouTube)

Canola, Crops, Markets, Peas

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

By Dave Bedard, GFM Network News December 4, 2023

A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed […] Read more

Crops, Markets, Reuters

Canadian wheat, canola harvests expand, rebound from dry conditions

Global wheat ending stocks have fallen four years in a row on tough weather conditions

By Reuters, Rod Nickel, GFM Network News December 4, 2023

Canadian farmers will harvest more wheat and canola than was expected several months ago, as crops rallied from dry conditions that threatened yields, a government report showed on Monday.

Crops, Markets

Higher canola, wheat production expected in StatCan report

Traders raise concerns about report accuracy

By GFM Network News December 1, 2023

MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

By GFM Network News November 29, 2023

MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume. […] Read more

GFM Network News

U.S. livestock: CME cattle futures rise on expectations of tight supplies

U.S. grains: Chicago soybeans fall, but achieve first annual gain in three years

ICE Canada Weekly: Canola unlikely to have a good start to 2026

Canola