Insights and Stories on Canola

Canola stocks to tighten below a million tonnes, AAFC says

Feb. 17, 2021 at 5:05 pm CST

MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports […]

Funds add to net longs in canola, U.S. futures

Feb. 14, 2021 at 11:13 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Volatility day-to-day in bullish canola market

Feb. 10, 2021 at 7:45 pm CST

By Phil Franz-Warkentin

StatsCan confirms canola stocks tightening

Feb. 5, 2021 at 4:51 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: How long can canola remain well supported?

Feb. 4, 2021 at 3:19 am CST

By Glen Hallick - MarketsFarm

ICE weekly outlook: Canola entering uncharted waters

Jan. 27, 2021 at 6:03 pm CST

MarketsFarm — ICE Futures canola contracts climbed sharply higher in the front months during the week ended Wednesday, hitting their highest levels since 2008. The March contract settled Wednesday at $717.80 per tonne, marking the first close above the $700 per tonne level since March 2008. “Everybody is long, and […]

By Phil Franz-Warkentin

ICE weekly outlook: Potential remains for higher canola prices

Jan. 20, 2021 at 6:24 pm CST

MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a […]

By Glen Hallick - MarketsFarm

Funds’ net long position edges lower in canola

Jan. 15, 2021 at 6:46 pm CST

MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of […]

By Phil Franz-Warkentin

ICE weekly outlook: WASDE spillover boosts canola

Jan. 13, 2021 at 8:01 pm CST

MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further […]

By Glen Hallick - MarketsFarm

ICE weekly outlook: Rallying canola not at top yet

Jan. 6, 2021 at 7:55 pm CST

MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going […]

By Phil Franz-Warkentin