China’s action send canola down

WINNIPEG – ICE Futures canola contracts were weaker significantly the end of trading on Friday, due to comments from the Canola Council of Canada. The council issued a press release on Thursday after the markets closed, which said China had ceased purchasing canola from Canada. While previous contracts were being fulfilled, all new sales to […] Read more

Canola fund short position continues to grow: report

Winnipeg – Fund traders remained on the short side in the ICE Futures canola market during the week ended March 19, adding to their large net short position, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and […] Read more

Ag Canada predicts sharp increase in canola carryout

Winnipeg – Canadian canola stocks at the end of both the current 2018/19 (Aug/Jul) crop year and the upcoming 2019/20 crop year are forecast to be much larger than earlier projections, according to updated supply/demand tables from Agriculture and Agri-Food Canada released March 21. The agency forecasts canola ending stocks for the current 2018/19 marketing […] Read more

Canola makes strong gains

WINNIPEG – ICE Futures canola contracts made strong gains at the end of trading on Thursday. The Canadian dollar remained under 75 U.S. cents for most of Thursday, as lower crude oil prices weighed on values. The slide in the dollar was not felt until late in trading. Changes in the loonie often do not […] Read more

Russia’s agmin ready to work with grain export union

MOSCOW, – Russia’s Agriculture Ministry is ready to work with the existing union of grain exporters, but it would still like to change how exporters work and for there to be tougher quality controls on grain exports, ministry officials said on Wednesday. The agriculture ministry said last month that it planned to set up a […] Read more

Small gains for canola

WINNIPEG – ICE Futures canola contracts posted very small gains at the end of trading on Wednesday. The technical bias has continued to remain on the upside, and traders used the weakness in canola as a buying opportunity. Also, canola has become more competitive with vegetable oils. A lack of fresh export demand and news […] Read more

Dollar puts downward pressure on canola

WINNIPEG (MarketsFarm) – ICE Futures canola contracts were weaker at the end of trading on Tuesday, with pressure from a rising Canadian dollar and a decline in soyoil prices. The Canadian dollar pushed above 75 U.S. cents on Tuesday, ahead of the federal Liberal government’s budget, which is being presented this afternoon. May soyoil on […] Read more

Canola starts the week with strength

WINNIPEG – ICE Futures canola contracts were stronger at the end of trading on Monday. It’s believed short selling may be at its end and the technical bias has shifted to the upside. Trading will be lull until spring planting, with little to push bids either way. Ample supplies of palm and soy oils weighed […] Read more

Canola and wheat finished mixed

WINNIPEG – ICE Futures canola contracts were mixed at the end of trading on Thursday, with prices up for the front months and steady for the new crop contracts. Fund players have been heavily short on canola and have seen a good downswing, which they are covering, according to a trader. Also, there is speculation […] Read more

Brazil preparing for end of U.S.-China trade war

BRASILIA, March 13 (Reuters) – Brazil is conducting studies on how it could be impacted by the end of the trade dispute between China and the United States, which could help Latin America’s largest economy to formulate a response if it disrupts soy exports, agriculture officials told Reuters. U.S. Trade Representative Robert Lighthizer said on […] Read more