Canola & Production Tips

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

ICE weekly outlook: Weather in focus for canola traders

By Phil Franz-Warkentin, GFM Network News June 9, 2022

MarketsFarm — ICE Futures canola contracts hit their lowest levels in two months during the first week of June but uncovered support to the downside to recover on Wednesday and hold rangebound overall. While crush margins are still well off the levels seen at this time a year ago, they have improved over the past […] Read more

Canola, Crops, Markets, Spring Wheat

Canola exports slow to trickle

Wheat exports also well behind curve: CGC

By Phil Franz-Warkentin, GFM Network News June 4, 2022

MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: ‘Meltdown’ not yet on canola market radar

By GFM Network News June 1, 2022

MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola sideways for now

By Phil Franz-Warkentin, GFM Network News May 25, 2022

MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more

Canola, Crops, Machinery, Reuters

Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies

Move comes as diplomatic tensions ease, canola block lifted

By GFM Network News May 20, 2022

Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (black line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Highs might be in for old-crop canola

New crop in 'a very uncertain stage'

By Phil Franz-Warkentin, GFM Network News May 18, 2022

MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more

Canola, Crops, Markets

China lifts block on Canadian grain firms’ canola exports

Canola from Richardson, Viterra again allowed, officials report

By Dave Bedard, GFM Network News May 18, 2022

Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more

ICE July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Conditions a challenge for Prairie canola

By GFM Network News May 12, 2022

MarketsFarm — Wet conditions throughout much of the eastern half of the Canadian Prairies continued to delay spring planting this week. Meanwhile, the western half of the region remained mired in drought and in need of rain to help recently-seeded crops get off to a good start. “Get it in the ground and get some […] Read more

Canola, Crops, Machinery

U.S. EPA proposal likes canola oil for renewable fuel

A final EPA decision is expected this summer, which, if favourable, could add new demand for Canada's premier oilseed

By Allan Dawson, GFM Network News May 5, 2022

Canola has another feather in its cap — one which is expected to put more money in farmers’ pockets. In a ‘proposed decision’ released in April the U.S. Environmental Protection Agency (EPA) recognized canola oil’s value as an environment-friendly alternative to fossil-based fuel — a move that’s expected to add new demand for the crop. […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Jittery spring market for canola

By Phil Franz-Warkentin, GFM Network News May 5, 2022

MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more

Daily Network News

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Canola

ICE weekly outlook: Weather in focus for canola traders

Canola exports slow to trickle

ICE weekly outlook: ‘Meltdown’ not yet on canola market radar

ICE weekly outlook: Canola sideways for now

Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies

ICE weekly outlook: Highs might be in for old-crop canola

China lifts block on Canadian grain firms’ canola exports

ICE weekly outlook: Conditions a challenge for Prairie canola

U.S. EPA proposal likes canola oil for renewable fuel

ICE weekly outlook: Jittery spring market for canola

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