Insights and Stories on Canola Prices

Nov. 18, 2020 at 4:36 pm CST

MarketsFarm — The ICE Futures canola market has trended higher for the past five months and showed no signs of slowing down in mid-November, with prices hitting fresh contract highs on a number of days. January canola hit a session high of $571.40 per tonne, and settled Wednesday at $569.40. […]

By Phil Franz-Warkentin

Aug. 12, 2020 at 11:30 pm CDT

A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal […]

By Dave Bedard

Jan. 24, 2020 at 10:14 pm CST

MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada […]

By Marlo Glass – MarketsFarm

Dec. 11, 2019 at 7:55 pm CST

MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David […]

By Glen Hallick - MarketsFarm

Oct. 31, 2019 at 9:13 am CDT

MarketsFarm – Until the New Year expect canola bids to remain range-bound much like it was during the summer, according to one Winnipeg-based analyst. “Canola going C$10 lower isn’t out of the question,” commented David Derwin, commodity portfolio manager with PI Financial. Below normal temperatures on the Prairies coupled with […]

By Glen Hallick - MarketsFarm