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Canola

ICE Futures July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola values steady after losses

Weaker loonie supportive for canola

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MarketsFarm — Canola prices started the week plagued by reports of the rapidly-spreading coronavirus in China, but managed to shake off some of that resistance. At midweek, nearby ICE Futures canola contracts were between $461 and $470, after falling by over $8 on Monday. Crush margins have maintained strength, which supported canola values. Crush margins […] Read more
ICE Futures March 2020 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

High stocks-to-use ratio weighs on canola

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MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets, Soybeans

Large funds back on short side in soybeans

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MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 20,366 contracts on […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops

CGC revises domestic canola usage downward

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MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more
Corteva Agriscience, which spun off from the merged Dow and DuPont in 2019, got its canola seed breeding lab and research station in Saskatoon from the Dow AgroSciences end of the merger. (Video screengrab from Corteva.ca)
Canola, Crops

Supercluster backing canola protein production

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The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for […] Read more
ICE March 2020 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola off highs, rangebound

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MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade deal signed Wednesday between the U.S. and China failed to give the grain and oilseed markets a boost, as the vague details of the actual […] Read more

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