Canola & Production Tips

ICE Futures November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Crush margins guiding canola demand

By GFM Network News August 31, 2022

MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins […] Read more

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Time gap too large in StatCan report

Canola's potential yields shrank in meantime

By GFM Network News August 24, 2022

MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out […] Read more

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By GFM Network News August 17, 2022

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more

Canola, Features

Put a stop to canola yield robbers

This Canola Council of Canada quiz can help

By Jay Whetter August 17, 2022

A big step to improve yield in canola comes down to managing the major “yield robbers” — diseases, weeds and insects. Pest management begins with regular scouting. In a survey of 1,000 canola growers last year, the Canola Council of Canada (CCC) learned 45 per cent of those surveyed scout their fields at least once […] Read more

ICE November 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Late canola crop hinges on weather

By Phil Franz-Warkentin, GFM Network News August 11, 2022

MarketsFarm — The ICE Futures canola market held within a narrow range during the week ended Wednesday, with weather conditions heading into harvest likely to dictate the eventual price direction over the next few weeks. “The key right now is the late state of the crop,” said Errol Anderson of ProMarket Communications in Calgary, noting […] Read more

Canola, Markets

ICE weekly outlook: Weather at forefront for canola futures

By GFM Network News August 4, 2022

MarketsFarm – Canola contracts on the ICE Futures platform saw some large moves over the past week, initially moving higher in sympathy with the United States soy complex before taking back most of those gains as both markets reacted to shifting weather forecasts. Showers continue to pop up across the U.S. Midwest, despite the longer-range […] Read more

Canola, Markets

ICE weekly outlook: Upticks during a downturn not unusual

By GFM Network News July 28, 2022

MarketsFarm – As prices fall back, an analyst said it’s very common for there to be occasional spike upwards, and that’s exactly what’s been happening to canola. “We’ve come down a long way and having a bit of a rally wouldn’t be unusual,” commented analyst David Derwin of PI Financial in Winnipeg, Man. “After we […] Read more

Canola, Crops, Markets

Speculative net short position grows in canola

By Phil Franz-Warkentin, GFM Network News July 23, 2022

MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Benign weather weighs on canola

By Phil Franz-Warkentin, GFM Network News July 21, 2022

MarketsFarm — ICE Futures canola contracts were seeing choppy activity in mid-July but were under pressure overall, closing at their weakest levels in six months on Wednesday. Relatively favourable Prairie weather, speculative long-liquidation, and pressure from outside markets all weighed on values with more losses likely if no weather concerns develop. “The weather looks fairly […] Read more

Canola, Crops, Markets

ICE weekly outlook: Don’t bank on canola prices jumping higher

By GFM Network News July 14, 2022

MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more

GFM Network News

U.S. livestock: CME cattle tick lower in thin pre-holiday trade

U.S. grains: Wheat extends gains on short covering, war risk

Prairie forecast: Plenty more chances for snow over Holidays

Canola

ICE weekly outlook: Crush margins guiding canola demand

ICE weekly outlook: Time gap too large in StatCan report

ICE weekly outlook: Canola could take a nosedive

Put a stop to canola yield robbers

ICE weekly outlook: Late canola crop hinges on weather

ICE weekly outlook: Weather at forefront for canola futures

ICE weekly outlook: Upticks during a downturn not unusual

Speculative net short position grows in canola

ICE weekly outlook: Benign weather weighs on canola

ICE weekly outlook: Don’t bank on canola prices jumping higher

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