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Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canada’s canola crush down slightly in August

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MarketsFarm — As often has been the case, the canola crush in Canada dipped from July to August, according to Statistics Canada. The federal agency issued its monthly crush numbers on Thursday with 829,778 tonnes of canola crushed in August, down 2.89 per cent from July’s crush. However, August’s crush was the second most so […] Read more
ICE January 2020 canola (candlesticks) and CBOT January 2020 soybeans (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola values stay rangebound

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MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
(Dave Bedard photo)
Crops

AAFC raises 2019-20 canola, wheat ending stocks

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MarketsFarm — Canadian ending stocks of canola and wheat will be larger than earlier thought, according to updated supply/demand tables Agriculture and Agri-Food Canada released late Friday. AAFC raised its canola ending stocks estimate for 2019-20 to a record 4.5 million tonnes, up from the August estimate of 3.775 million and the upwardly-revised 2018-19 level […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund short position down in canola, beans

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MarketsFarm — Fund traders covered some of their large net short positions in canola and soybeans during the week ended Tuesday, while adding to their bearish bets on corn, 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 […] Read more
Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)
Canola, Crops, Markets

Canola deliveries slow as Prairies’ harvest drags

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MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Funds’ canola short position up, for now

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MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), 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 canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
(Dave Bedard photo)
Crops

Statistics Canada boosts crop production estimates

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MarketsFarm — Updated model-based production estimates on Thursday from Statistics Canada expect larger yields for most of the major crops grown in the country — and while harvest operations are still ongoing, the actual crops may end up larger still. “All of the numbers are bigger, whether it’s durum, spring wheat, canola,” said analyst Mike […] Read more

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