Insights and Stories on Canola

Mar. 16, 2022 at 5:19 pm CDT

MarketsFarm — Although canola prices closed lower on Wednesday, the Canadian oilseed is seen as still likely to grind higher in the coming weeks. “The charts and the patterns that have developed, and are still in place for canola, have been kind of the same for the past few months. […]

By Glen Hallick - MarketsFarm

Mar. 16, 2022 at 2:29 pm CDT

MarketsFarm — The average oil content of Canada’s canola crop came in well below normal in 2021-22, according to the final quality report for the year from the Canadian Grain Commission (CGC). The average oil content came in at only 41.3 per cent for the year, which compares with 44.1 […]

By MarketsFarm

Mar. 9, 2022 at 6:00 pm CST

MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be […]

By Phil Franz-Warkentin

Mar. 2, 2022 at 7:12 pm CST

MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market […]

By Glen Hallick - MarketsFarm

Feb. 23, 2022 at 6:40 pm CST

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment […]

By Phil Franz-Warkentin