Insights and Stories on Canola

Jul. 20, 2021 at 5:22 pm CDT

MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast […]

By Phil Franz-Warkentin

Jul. 16, 2021 at 6:34 pm CDT

Chicago | Reuters — Chicago wheat futures rose about three per cent on Friday and recorded their largest weekly gain in six years as parched conditions for North American spring wheat and adverse weather in Europe and Russia stoked concern about global supplies. Soybean futures ended higher on uncertainty about […]

By Julie Ingwersen

Jul. 14, 2021 at 5:36 pm CDT

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the […]

By Glen Hallick - MarketsFarm

Jul. 9, 2021 at 7:08 pm CDT

MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were […]

By Phil Franz-Warkentin

Jul. 7, 2021 at 5:23 pm CDT

MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 […]

By Glen Hallick - MarketsFarm