Canola & Production Tips

Funds’ net long keeps growing in canola

By Phil Franz-Warkentin, GFM Network News September 18, 2020

MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola futures at two-year highs

By Phil Franz-Warkentin, GFM Network News September 16, 2020

MarketsFarm — ICE Futures canola contracts climbed to their strongest levels in two years during the week ended Wednesday, but could be nearing their highs for the time being as harvest pressure should start weighing on values. “We’re running into the top end on the monthly and weekly charts,” said Jamie Wilton, senior commodity futures […] Read more

Canola, Crops, Markets

Fund long position in canola hits new record

By Phil Franz-Warkentin, GFM Network News September 15, 2020

MarketsFarm — Fund traders added to their sizeable long positions in canola during the week ended Tuesday (Sept. 8), hitting the largest net long position in the two years of available data. The latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC) showed managed money fund traders were holding […] Read more

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola shows volatility after long weekend

By GFM Network News September 9, 2020

MarketsFarm — Although there remains a lot of canola to be combined, one trader believes most harvest pressure on the market has already passed. “The farmers who wanted to sell off of the combine or shortly after, probably have done so already,” said Jerry Klassen, an independent Winnipeg commodities trader. There will still be some […] Read more

Canola, Crops, Markets

Fund traders add to net long in canola, soybeans

By Phil Franz-Warkentin, GFM Network News September 9, 2020

MarketsFarm — Fund traders remain bullish on soybeans and canola, adding to their net long positions in the two oilseeds, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 37,682 contracts as […] Read more

Canola, Crops, Markets

ICE weekly outlook: Rising canola market watches harvest

By Phil Franz-Warkentin, GFM Network News September 3, 2020

MarketsFarm — ICE Futures canola contracts remained pointed higher during the week ended Wednesday, hitting some of their best levels in two years. However, its upside may be limited as harvest picks up over the next month. “Canola could go a little higher, but we’re probably pushing upper ranges for now until we have more […] Read more

Artist’s rendering of the Merit Functional Foods plant under construction in Winnipeg. (Merit Foods graphic)

Canola, Crops, Peas

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

By Dave Bedard, GFM Network News August 28, 2020

One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon […] Read more

Canola, Crops, Markets

ICE weekly outlook: How long can canola rally last?

By GFM Network News August 27, 2020

MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more

Canola, Crops, Markets, Soybeans

Canola crush down, soy crush up, StatsCan reports

By MarketsFarm Team, GFM Network News August 26, 2020

MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July, […] Read more

ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola steady at midweek

By GFM Network News August 20, 2020

MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

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GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Canola

Funds’ net long keeps growing in canola

ICE weekly outlook: Canola futures at two-year highs

Fund long position in canola hits new record

ICE weekly outlook: Canola shows volatility after long weekend

Fund traders add to net long in canola, soybeans

ICE weekly outlook: Rising canola market watches harvest

Bunge buys into canola, pea protein maker Merit

ICE weekly outlook: How long can canola rally last?

Canola crush down, soy crush up, StatsCan reports

ICE weekly outlook: Canola steady at midweek

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