Insights and Stories on Canola

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, […]

AAFC revises crop estimates

Feb. 17, 2023 at 6:11 pm CST

By MarketsFarm

As canola prices rise, organic acres fall

Feb. 16, 2023 at 5:03 pm CST

By OrganicBiz

ICE weekly outlook: Canola drifting lower

Feb. 15, 2023 at 5:23 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: March canola unchanged from last week

Feb. 8, 2023 at 4:25 pm CST

By Adam Peleshaty

Grain stocks come in as projected

Feb. 7, 2023 at 7:36 pm CST

MarketsFarm — Stocks of Canadian grains at year-end appear to be pretty much in line with market expectations. Statistics Canada on Tuesday issued its report on stocks as of Dec. 31, 2022, which highlighted notable increases in most grains, further signaling a recovery from the 2021 drought. “Stocks reports are […]

By Glen Hallick - MarketsFarm

China top destination for Canadian grains, oilseeds

Feb. 1, 2023 at 8:21 pm CST

MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of […]

By Phil Franz-Warkentin

ICE weekly outlook: Choppy trading for canola, other oilseeds

Feb. 1, 2023 at 6:31 pm CST

MarketsFarm — Expect canola and other oilseed markets to remain choppy for the time being, according to trader Ken Ball of PI Financial in Winnipeg. “All of the markets are very choppy and erratic. They’re very nervous markets,” Ball emphasized, noting war in Ukraine and drought in Argentina are having […]

By Glen Hallick - MarketsFarm

Spec short position grows in canola

Jan. 30, 2023 at 7:45 pm CST

MarketsFarm — Speculators were busy adding to their growing net short position in canola during the week ended Jan. 24, according to the latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […]

By Phil Franz-Warkentin

Imperial Oil clears Edmonton renewable diesel plant for construction

Jan. 26, 2023 at 6:46 pm CST

Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. […]

By Nia Williams Sourasis Bose