Insights and Stories on Canola

ICE weekly outlook: Extradition ruling not the only anchor on canola

May. 27, 2020 at 8:23 pm CDT

MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a […]

Huawei executive loses key court argument in fight against extradition

May. 27, 2020 at 2:17 pm CDT

By Moira Warburton Tessa Vikander

AAFC tightens canola stocks projections

May. 24, 2020 at 4:58 am CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola nearing resistance

May. 20, 2020 at 8:30 pm CDT

By Phil Franz-Warkentin

Net short position reduced in canola

May. 18, 2020 at 10:06 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola steady at midweek

May. 13, 2020 at 5:14 pm CDT

MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of […]

By Marlo Glass – MarketsFarm

Funds cover canola shorts, but still bearish on corn

May. 8, 2020 at 7:07 pm CDT

MarketsFarm — Speculators reduced their net short position in canola during the first week of May and added to their net long position in soybeans, while placing fresh bearish bets on corn, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The […]

By Phil Franz-Warkentin

ICE weekly outlook: Canola acres could be in flux

May. 6, 2020 at 5:34 pm CDT

MarketsFarm — Canada’s canola acres are generally expected to be higher in the first area report of the year from Statistics Canada, compared to the 20.96 million acres estimated to have been seeded in 2019. Estimates are wide-ranging, with some analysts predicting a slight reduction in canola area and others […]

By Glen Hallick - MarketsFarm

Funds add to short position in canola, move to net long in soy

May. 1, 2020 at 8:04 pm CDT

MarketsFarm — The net managed money short position in canola rose slightly in late April, while soybean speculators covered some of their bearish bets, 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 […]

By Phil Franz-Warkentin

ICE weekly outlook: Demand keeps canola well supported

Apr. 29, 2020 at 4:43 pm CDT

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, holding above major support as end-users showed solid demand. “The demand side of the formula is still quite good,” said Errol Anderson, of Pro Market Communications in Calgary. Domestic crushers were showing the best demand, he said, […]

By Phil Franz-Warkentin