Errol Anderson Archives

StatsCan confirms smaller canola acres, more wheat

By GFM Network News April 25, 2019

MarketsFarm — Canadian farmers intend to seed more spring wheat and less canola in 2019, according to Statistics Canada survey results released Wednesday. Additional shifts are also likely in subsequent reports, as dry conditions in southern Alberta and Saskatchewan may alter some intentions. Statistics Canada forecast canola area for 2019 at 21.3 million acres, which […] Read more

ICE May 2019 canola with Bollinger (20,2) bands, a gauge of market volatility. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola hinges on iffy U.S.-China deal

By GFM Network News April 10, 2019

MarketsFarm — Canola contracts one the ICE Futures platform held within a narrow range during the week ended Wednesday, waiting for a catalyst to push futures one way or the other. To Errol Anderson of ProMarket Communications in Calgary, canola’s path is connected to a trade deal between the U.S. and China, which be a […] Read more

Canola, Crops, Markets

ICE weekly outlook: Little to sustain canola bids in bear market

By GFM Network News March 20, 2019

MarketsFarm — Although there will be some bounces in ICE canola futures, there is very little currently to sustain any increases in bids, according to Errol Anderson of ProMarket Communications. While the market has stabilized for the time being, it’s technically oversold, Anderson said. The market can rebound $5-$10 per tonne, he said, but it’s […] Read more

ICE March 2019 canola futures with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola grinding lower

By Phil Franz-Warkentin, GFM Network News February 13, 2019

ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more

Canola, Crops, Machinery, Markets

Crude oil and canola part company, for now

By GFM Network News July 13, 2018

CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more

Crops, Markets, Weather

Trade predicts fewer pulse acres, another canola record

By GFM Network News April 23, 2018

CNS Canada — With the uncertainty regarding the pulse exports to India, it’s looking like 2018 could see more canola acres planted in Canada. Statistics Canada will release its Principal Field Crop Areas report on Friday (April 27). Last year saw Canada’s canola area at a record 23 million acres, but this year could again […] Read more

A canola field in northwestern Saskatchewan on Oct. 5, 2016 after the area was blanketed by wet snow. (Lisa Guenther photo)

Crops, Markets

StatsCan data confirm tight canola supplies

By GFM Network News May 5, 2017

CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more

U.S. livestock: Cattle markets up ahead of report

U.S. grains: Soybean futures fall after Trump-Xi call

Prairie Wheat Weekly: Western Canadian bids slightly decline

GFM Network News

U.S. livestock: Cattle markets up ahead of report

U.S. grains: Soybean futures fall after Trump-Xi call

Prairie Wheat Weekly: Western Canadian bids slightly decline

Tag Archives Errol Anderson

StatsCan confirms smaller canola acres, more wheat

ICE weekly outlook: Canola hinges on iffy U.S.-China deal

ICE weekly outlook: Little to sustain canola bids in bear market

ICE weekly outlook: Canola grinding lower

Crude oil and canola part company, for now

Trade predicts fewer pulse acres, another canola record

StatsCan data confirm tight canola supplies

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