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Canola

(Dave Bedard photo)
Crops, Markets

Fund traders add to bearish bets in canola

Funds also net short in MGEX and CBOT wheat, corn

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MarketsFarm — Speculative fund traders added to their net short position in canola during the week ended May 30, putting on more bearish bets while also liquidating some previous longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 30, the net managed money short […] Read more
Photo: File
Crops, Markets, Weather

Repeat of record Australian wheat, canola crops unlikely

ABARES expects 2023-24 crop down on year

By
MarketsFarm — After growing record-large wheat and canola crops in 2022-23, Australia is expected to see a significant drop in production in 2023-24 as developing El Nino weather patterns will likely cut rainfall through the growing season, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES). […] Read more
(Viterra.ca)
Crops, Markets

April grain deliveries see increases all around

Barley deliveries up sharply

By
MarketsFarm –– Producer deliveries of major grains last month were up nearly 40 per cent when compared to April 2022, according to Statistics Canada (StatCan). In April 2023 more than 3.44 million tonnes of grain were delivered, versus 2.46 million a year ago. The uptick in deliveries continued to demonstrate the sizeable harvest farmers reaped […] Read more
(Dave Bedard photo)
General, Markets

Net farm income down in 2022 despite high commodity prices: StatCan

Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years

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Farmers’ realized net income dropped by over eight per cent in 2022 as expenses outpaced the rise in cash receipts, a new Statistics Canada report says. Realized net income is the difference between cash receipts and operating expenses, minus depreciation and plus income in kind. When cannabis is included, realized net income dropped by nearly […] Read more
ICE November 2023 canola with Bollinger bands (20,2) and July 2023 canola (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Don’t bank on $700 canola, analyst suggests

Fresh bullish news not yet in view

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MarketsFarm — New-crop canola prices on ICE Futures seemed to be destined to remain well below $700 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. “The market tends to be back where it came from,” Anderson said, stressing that chances of canola pushing higher requires fresh bullish news. “It’s got to […] Read more
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

AAFC projecting canola ending stocks to tighten

New-crop wheat ending stocks figure boosted

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MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 — figures both released in […] Read more
A canola flower midge larva inside a galled flower. Larvae are initially white in colour and turn a darker yellow colour as they feed and develop.
Crops, Features

Canola flower midge damage less severe than swede midge

Newly discovered species shouldn’t worry canola producers

By
Swede midge is a devastating insect pest of canola and related cruciferous vegetables and is a problem in Eastern Canada. In North America, swede midge was first noticed in Ontario and the eastern United States. It has affected canola production in Eastern Canada, in some cases leading to failed crops. Swede midge (Contarinia nasturtii) is […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Speculative short position declines in canola

Traders' net long in CBOT soy also reduced

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MarketsFarm — The speculative short position in canola continued to shrink during the week ended May 15, as speculators bought back short positions and put on new longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 15, 2023, the net managed money short position […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Unclear where canola wants to go

Soy complex's trend much more apparent

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MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more

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