Insights and Stories on Canola

ICE weekly outlook: Canola speculators running market higher

Oct. 28, 2021 at 9:17 am CDT

MarketsFarm – ICE canola futures posted solid gains during the week ended Oct. 27, hitting fresh contract highs in many months as speculators added to their net long positions. “The specs have canola by the throat, and they’ll see how far they can run it,” said Ken Ball of PI […]

Feds tighten forecast for wheat carryout

Oct. 21, 2021 at 3:17 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola rally keeps going

Oct. 20, 2021 at 8:15 pm CDT

By Glen Hallick - MarketsFarm

ICE canola futures’ daily limit expanded to $60

Oct. 19, 2021 at 7:48 pm CDT

By MarketsFarm

ICE weekly outlook: Canola still rangebound

Oct. 13, 2021 at 5:04 pm CDT

By Phil Franz-Warkentin

ICE weekly outlook: Canola feeling the energy

Oct. 6, 2021 at 5:39 pm CDT

MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely […]

By Phil Franz-Warkentin

Exports tumble as supplies simply not there

Oct. 6, 2021 at 4:30 pm CDT

MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. […]

By Glen Hallick - MarketsFarm

Canada’s drought forces canola importers to turn elsewhere

Oct. 4, 2021 at 3:25 pm CDT

Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are […]

By Rod Nickel

Canola exports down 72 per cent through eight weeks

Oct. 1, 2021 at 7:31 pm CDT

MarketsFarm — Canadian canola and wheat exports continue to run well behind the year-ago pace, with movement of all crops down 34 per cent through the first eight weeks of the 2021-22 crop year. Total exports of all of the major grains, oilseeds and pulses as of Sunday, at 4.714 […]

By Phil Franz-Warkentin

ICE weekly outlook: Analyst sees canola spike late next month

Sep. 29, 2021 at 7:21 pm CDT

MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all […]

By Glen Hallick - MarketsFarm