As May winds down the prospect of rain saw canola futures on the Intercontinental Exchange fall back on May 28, with the old crop July contract taking the biggest hit.
Tag Archives canola
ICE Canada Weekly: Canola to move with the weather
Announcement pending on 45Z biofuel tax credit
Spring seeding entering final stretch in Saskatchewan
Seeding operations are nearing their final stages in Saskatchewan, with 72 per cent of intended acres in the ground as of May 19, according to the latest provincial crop report. That was up 23 points from the previous week and compares with the five-year average of 60 per cent done.
Manitoba seeding 12 points ahead of pace
Most spring wheat in the ground
Manitoba farmers pushed their spring planting to 57 per cent complete as of May 21, up 24 points from a week ago, the province's agriculture department reported.
AAFC ups canola exports, but leaves ending stocks unchanged
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Canadian canola exports in 2024/25 will be at least a million tonnes above earlier projections, but ending stocks remain to be seen as Agriculture and Agri-Food Canada had to make some creative calculations in their latest supply/demand report.
ICE Weekly: No end to July canola’s rise: trader
July canola may have more room to grow
A Winnipeg-based trader is very bullish on July canola, due to depleted stocks and ongoing export demand.
Alberta seeding leaps ahead by almost 30 points
Moisture levels still strong despite declines
Spring planting in Alberta made a 27-point jump at 47 per cent complete during the week ended May 13, according to the latest crop report from the province. That's 21 points above the five-year average.
ICE canola weekly outlook: Biofuel optimism provides boost
Futures hit 18-month highs
ICE Futures canola contracts climbed higher during the week ended May 14, hitting their best levels in 18 months as proposed changes to biofuel policies in the United States lent support.
Barley, Canola, Cereals, Corn, Lentils, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
Sharp drop in canola stocks
StatCan releases grain stocks as of March 31 report
Statistics Canada reported total canola stocks have plummeted over the last year. The federal agency released its grain stocks as of March 31 report on May 8. Also in the StatCan report, all wheat stocks declined moderately and there were other significant changes.
ICE canola weekly outlook: ‘Toppy’ market watching weather
Squeeze possible for old crop
Tight supplies could send old crop canola futures higher before the new crop harvest, but values were showing signs of running into resistance in early May.
Barley, Canola, Cereals, Corn, Forages, Hay, Markets, News, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
Seeding in Manitoba picking up the pace
Most fields still have good soil moisture
Overall spring planting in Manitoba reached eight per cent complete as of May 6, with some areas of the province much further along, the latest provincial crop report said.
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