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Canola

ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

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MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund short position grows in canola

Traders net long in soy, K.C. wheat

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MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] 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 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
This image shows the unilateral discolouration of plant stems caused by verticillium stripe.
Canola, Crops, Features

Take verticillium stripe in canola seriously

A Manitoba farmer warns others about the threat this disease poses to canola production

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Last year, Collin Shirtliff knew the threat to his canola crops posed by verticillium stripe but he wasn’t overly concerned. However, that changed late in the summer when he began harvesting the crop on the 3,600-acre farm he and his family operate near Starbuck, Man. What looked like an extremely promising crop weeks earlier suddenly […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola fund short position narrows slightly in early May

Traders reduce net long in soybeans

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MarketsFarm –– Fund traders were buying back short positions and putting on some new longs in the canola futures market during the first full week of May, causing the net short position to narrow in slightly, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May […] Read more
Photo: iStock/Getty Images
Canola, Crops, Markets

U.K. to increase rapeseed, product output in 2023-24

Input costs seen down so far this year

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MarketsFarm — With the rapeseed crop in the United Kingdom estimated at 66 per cent good to excellent, the U.S. Department of Agriculture attaché in London, forecast production for 2023-24 to be 1.38 million tonnes. That would make for a 1.4 per cent increase over the 2022-23 crop. While the attaché pegged planted and harvest […] Read more

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