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.
Oilseeds
ICE Canada Weekly: Almost no chance of bullish path for canola
CBOT soybeans/corn rangebound, watching weather
Shifting weather forecasts have the potential to sway soybean and corn futures within sideways trading ranges over the next few weeks as farmers in the United States focus on spring seeding.
Railway workers at CN, CPKC vote to strike, says union
Thousands of railway workers in Canada at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have voted overwhelmingly to strike as early as May 22, the union said today.
U.S. shuns free trade agreements
Senators rake the U.S. Trade Representative over the coals for the Biden administration’s trade policy agenda
Virginia Houston, director of government affairs with the American Soybean Association, says president Joe Biden’s administration feels FTAs pit U.S. domestic industries against one another.
U.S. grains: Soybeans slide as soyoil plummets; wheat, corn sag
U.S. soybean futures fell nearly two per cent on Tuesday as falling soyoil prices dragged down the soy complex amid weak demand, deliveries against the May futures contract and market uncertainty, traders said.
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.
U.S. grains: Wheat tumbles as Russian rain forecast spurs profit taking
Chicago benchmark wheat futures WN24 fell more than two per cent on Monday, snapping a seven-session rally, as the crop outlook in top exporter Russia improved on forecasts for rain, analysts said.
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).
Polish protesters suspend months-long blockade of Ukraine border
Unclear if suspension will hold; Warsaw protest to go ahead as talks continue
Polish farmers called off their protest at the last border crossing with Ukraine on Monday, lifting a blockade that has dragged on for months, soured bilateral relations and buffeted Ukraine's trade.
Weather experts see La Niña, El Niño frequency rising
The climate phenomena known as El Niño and La Niña, which bring waves of heat, cold, rain or drought, will be more frequent and extreme in coming years, after South America suffered the most intense El Niño in decades, weather experts said on Thursday.
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