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VIDEO: Are canola prices poised to recover?
Canola, Markets

VIDEO: Are canola prices poised to recover?

Here are a number of factors producers and grain marketers need to watch

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The 2022 canola crop in Western Canada is much larger than last year. Grainews associate editor Mark Halsall talks to MarketsFarm analyst Bruce Burnett about what that means for producers, and what savvy canola marketers should watch for in the months ahead.
ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

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MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Seasonal upturn possible for canola

'Good underlying support' seen in futures

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MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
One thing you might want to consider when marketing your canola is the price of crude oil.
Canola, Markets

Will canola rally?

There’s room for canola prices to recover, but keep an eye on the war in Ukraine, transportation constraints, increasing crush capacity and the cost of crude oil in the coming months

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Canola prices dipped after hitting record highs last spring, but could western Canadian producers see a price rally in the weeks ahead? MarketsFarm analyst Bruce Burnett says there’s a good chance prices will recover.  In an interview with Grainews in August, Burnett said virtually all commodities — including canola — experienced “a big, macro trade […] Read more
ICE November 2022 canola (candlesticks) with 100-day moving average (green line) and Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola futures continue trending lower

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MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola trending lower

November down below $800

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MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
One preparation for Harvest 2022 could be to get a drop pan system to measure combine losses. An electronic-release pan that connects to the underside of the combine is a simple though higher cost option. Another option is to have someone drop a plastic storage bin under the back of the combine as it drives by.
Canola, Crops

Deliver every canola seed at No. 1 grade

This Canola Council of Canada quiz can help you reach that goal

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Everything done to produce a high-quality canola crop can be undone at harvest and in storage. One Canola Council of Canada (CCC) agronomy priority is to deliver every seed at No. 1 grade. That means giving all seeds time to mature, harvesting with minimal losses and storing canola without spoilage. For maximum yield, canola should […] Read more
The World Trade Organization (WTO) headquarters in Geneva, Switzerland on Oct. 28, 2020. (Photo: Reuters/Denis Balibouse)
Canola, Crops, Reuters

Canada, China agree to suspend WTO canola dispute

Lifting of canola ban renders case moot

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Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more

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