Insights and Stories on Canola

Reading between the lines: Oversold canola due for correction

Mar. 9, 2023 at 8:03 pm CST

MarketsFarm — Canola futures posted sharp losses over the past week, with the May contract touching its weakest level in six months. While damage was done from a chart standpoint, there are technical signs that a recovery is possible. RSI The relative strength index (RSI) is a technical indicator that […]

Canola industry ready to move forward

Mar. 9, 2023 at 12:18 pm CST

By Glacier FarmMedia staff Gord Gilmour

USDA sees increased EU canola imports, no extra from Canada

Mar. 8, 2023 at 8:20 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Upswings likely out of question for canola

Mar. 8, 2023 at 8:02 pm CST

By Glen Hallick - MarketsFarm

Merit Foods stakeholder looking to buy company

Mar. 4, 2023 at 12:22 pm CST

By Dave Bedard

Plant protein processor Merit Foods in receivership

Mar. 1, 2023 at 8:21 pm CST

The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s […]

By Dave Bedard

ICE weekly outlook: Canola drifts downward with soybeans

Mar. 1, 2023 at 6:47 pm CST

MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell […]

By Adam Peleshaty

ICE weekly outlook: Rising canola market runs into resistance

Feb. 22, 2023 at 5:39 pm CST

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, […]

By Phil Franz-Warkentin

How to get a uniform canola crop

Feb. 17, 2023 at 9:33 am CST

There are all kinds of factors that will affect the success of any seeded crop. Some factors can be controlled, others can’t. Getting proper stand establishment certainly tops the list of key production practices for all crops, especially for optimizing canola yields, says an agronomist with the Canola Council of Canada […]

By Lee Hart

ICE weekly outlook: Canola drifting lower

Feb. 15, 2023 at 5:23 pm CST

MarketsFarm — ICE Futures canola contracts drifted lower during the week ended Wednesday, although values remained rangebound overall. “The market is maybe coming to the realization that we still have near-record South American (soybean) supplies on hand,” Ken Ball of PI Financial in Winnipeg said of the downtrend. While Argentina […]

By Phil Franz-Warkentin