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).
Tag Archives canola
Canola net short position grows
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 The province in June repealed its Pest Control Act and has replaced it with the Plant Health Act and accompanying regulations.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.
Alberta harvest progressing rapidly
Warm temperatures and only minor rain delays allowed farmers in Alberta to make good harvest progress during the week ended Sept. 3, according to the latest provincial crop report. Total harvest progress for major crops came in at 31.5 per cent, which was up from 18.2 per cent the previous week and roughly double the […] Read more
Solid Canadian grain/oilseed exports to start 2024/25
Canadian grain and oilseed exports through the first month of the 2024/25 marketing year are running well ahead of what moved during the same time the previous year, with just over a million tonnes of canola already moved, according to the latest data from the Canadian Grain Commission. Total exports of all the major grain, […] Read more
Strip tillage reducing erosion risk
For this Alberta farmer, the practice is one tool to protect vulnerable crops from the blast of prevailing winds
John Kolk hasn’t ironed out all the wrinkles involved in getting a crop seeded and growing while reducing or eliminating the risk of soil erosion, but the southern Alberta farmer has made “significant progress.” In recent years, a combination of practices that include cover crops and strip tillage have helped to hold the soil in […] Read more
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more