Insights and Stories on Canola

Apr. 6, 2022 at 6:15 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to fresh contract highs during the first week of April, but ran into profit-taking resistance and could be due for more losses as the market looks overpriced. “We’re starting to see canola give back some of the extra premium it’s been putting on,” […]

By Phil Franz-Warkentin

Apr. 6, 2022 at 4:47 pm CDT

MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in […]

By MarketsFarm

Apr. 5, 2022 at 5:24 pm CDT

MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop […]

By MarketsFarm

Apr. 4, 2022 at 7:59 pm CDT

MarketsFarm — There was a tremendous drop in canola exports from Canada during week 34 of the 2021-22 marketing year, according to the Canadian Grain Commission. The commission’s report issued Thursday showed a mere 800 tonnes of canola were shipped overseas. The week before, 128,300 tonnes were outbound. “We’re really […]

By Glen Hallick - MarketsFarm

Mar. 30, 2022 at 7:40 pm CDT

MarketsFarm — To market analyst Wayne Palmer of Exceed Grain, canola “has been in a world of its own for about the last month,” and he expects that will remain the case for some time. Canola, he explained, has generally done the opposite of the Chicago soy complex — which […]

By Glen Hallick - MarketsFarm