There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.
Canola
ICE Canada Weekly: Almost no chance of bullish path for canola
Prairie groups raise concerns about proposed Bunge-Viterra merger
Concentration of services at the Port of Vancouver, consolidation of crush capacity could cost producers billions, report says
A group of Prairie producer groups say the proposed merger between Bunge and Viterra is likely to cause substantial economic harm to farmers.
Canola net short position edges lower
The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
ICE Weekly: Canola rises sharply
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.
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.