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Canola

ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and ICE March 2023 canola (black line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Premium showing in front-month canola

'Surge' of farmer selling expected in January

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MarketsFarm — The ICE Futures canola market held rangebound during the week ended Nov. 16, with the widening premium of the nearby January contract over the March futures seen as a sign of good nearby demand. ICE January canola settled Wednesday at $882.40 per tonne, a $10.50 per tonne premium over the March contract. That […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund position switches to net long in canola

Net long in CBOT corn decreases on the week

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MarketsFarm — The overall speculative position in the ICE Futures canola market swung from net short to net long during the first week of November, marking the first time speculators were holding more longs than shorts in four months. That’s according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more
(FITTrials.com)
Crops, Markets

Competition Bureau’s call for Manitoba elevator sale rejected

Bureau 'carefully reviewing' Competition Tribunal decision

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A federal antitrust tribunal’s decision may soon make Canadian grain firm Parrish and Heimbecker the uncontested owner of the full set of Louis Dreyfus’ Prairie grain elevators. In a decision dated Oct. 31, the Competition Tribunal — the federal quasi-judicial body with the power of approval over any antitrust actions proposed by the federal Competition […] Read more
ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

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MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund short position in canola dips to four-month low

Net long increases in CBOT soybeans

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MarketsFarm — Speculators were busy covering short positions and putting on some fresh longs in the canola market during the week ended Nov. 1. That lowered the net short position in the ICE Futures canola market to its smallest level since the beginning of July, according to the latest Commitment of Traders (CoT) report compiled […] Read more
A crop of InVigor L350PC at the bolting stage. This high-yielding canola is one of three new hybrids BASF is releasing for 2023.
Canola, Features

New canola hybrids for 2023

Higher yields, good resistance packages and pod shatter reduction are popular offerings

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[UPDATED: Nov. 10, 2022] Western Canadian farmers looking for a new canola hybrid to try next year will have lots to choose from with 17 new canola options coming out for the 2023 growing season. Here’s a look at what’s coming your way from BASF, BrettYoung, Canterra Seeds, Croplan, Dekalb and Corteva’s Pioneer and Brevant […] Read more
Photo: Thinkstock
Crops, Markets

ICE weekly outlook: Watch for canola to climb higher 

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MarketsFarm – There’s the possibility of the nearby January canola contract reaching upwards to C$1,000 per tonne, according Winnipeg-based analyst Wayne Palmer of Exceed Grain. “I think you got canola somewhere in the winter months maybe trading close to $1,000 again in January,” he said. Palmer placed his suggestion on the sharp upticks that soyoil […] Read more
A combine in the Interlake runs against the setting sun on Nov. 1, 2022, in an effort to wrap up harvest. Photo: Greg Berg
Crops, Markets

Manitoba nets average crops in 2022 after wet spring

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MarketsFarm – Wet spring conditions delayed seeding operations across much of Manitoba to start the 2022 growing season, but warm summer conditions allowed for good development with yields for most crops showing a marked improvement over the drought-stricken 2021 harvest, according to the final crop report of the season from Manitoba Agriculture. On a crop-by-crop […] Read more

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