The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
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ICE canola weekly outlook: Running into resistance
Manitoba Crop Report: Heavy rainfalls slow harvest
Manitoba harvest advances to 58 per cent complete, despite rain delays.
China targets Canada’s tariffs with anti-discriminatory probe
Beijing | Reuters – China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese electric vehicles, steel and aluminum products, its commerce ministry said on Thursday. This type of investigation usually takes three months to complete but could be extended under special circumstances, the ministry said. Beijing also […] Read more
AAFC ups wheat, canola carryout forecasts
Canadian wheat ending stocks for the 2024-25 marketing year are forecast to be well above earlier expectations, says Agriculture and Agri-Food Canada.
Canola net short position grows
The net fund short position in canola grew in mid-September, as speculative selling took the futures to contract lows, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Markets continue to push lower
Risk premiums created by Russia's invasion of Ukraine have evaporated
Market sentiment remains bearish for most agricultural commodities, including the major crops grown in Western Canada. Prices have been declining in most markets since the recent highs were set at the beginning of the Russian invasion of Ukraine in 2022. Markets have gradually adjusted to the news coming from the conflict and has effectively removed […] Read more
Manitoba harvest passes halfway mark: report
Harvest operations in Manitoba passed the halfway mark during the week ended Sept. 17, with wide ranging yields in the latest provincial crop report.
Clubroot off Saskatchewan’s regulated pest list
Clubroot is among several pests the Saskatchewan government has now deregulated. The province in June repealed its Pest Control Act and has replaced it with the Plant Health Act and accompanying regulations. As a result, clubroot, Richardson’s ground squirrel, grasshoppers and the warble fly are no longer on the list of declared pests. All are […] Read more
Fund traders add to bearish bets in canola
Managed money fund traders added to their large net short position in canola in early September, while profit-taking saw a reduction in the bearish bets for soybeans and corn in Chicago, according to the latest Commitments of Traders report.
StatCan revises canola production lower
Hot and dry weather saw crop conditions decline across much of Western Canada over the past month, with the latest model-based production estimates from Statistics Canada showing downward revisions in both canola and wheat production from the August report.
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