Funds reduce short position in canola

Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, 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 other reportable speculators decreased their net short position in canola by […] Read more

USDA predicts larger world grain/oilseed stocks

Global soybean, corn and wheat ending stocks for the 2018/19 marketing year will all be larger than earlier expectations, according to the latest World Agriculture Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA). In a report released Dec. 11 the USDA raised its global soybean ending stocks forecast for […] Read more

Weak dollar supports canola

The ICE Futures canola platform finished the day stronger, supported by a weak Canadian dollar. Trading was choppy in the last few minutes before market close. The Canadian dollar fell below the 75 U.S. cents mark Monday, as tensions continue to rise over the arrest of Huawei Chief Financial Officer Meng Wanzhou last week. China […] Read more


Ample supplies keep canola weaker

ICE Futures canola contracts weaker in the most active months at Friday’s close, after trading to both sides of unchanged in choppy activity. Strength in the Canadian dollar accounted for some of the selling pressure in canola, according to participants. The currency was up by roughly half of a cent relative to its United States […] Read more

Canola stronger on lower StatsCan estimate

ICE Futures canola contracts were stronger in the most active months on Thursday, although activity was choppy as a number of conflicting influences pulled on the market. A downward revision to Statistics Canada’s canola production estimate provided underlying support. The government agency pegged the 2018-19 crop at 20.3 million tonnes, which was at the lower […] Read more


Firm canola has limited upside

Canola futures on the ICE platform moved higher during the week ended Dec. 6, as the market corrected off of the lows hit in late November. Gains in Chicago Board of Trade soybeans and a smaller 2018 Canadian canola crop contributed to the advances, although values may not have much more room to the upside, […] Read more

Prairie feed grain market still flat as holidays near

The flat Western Canadian feed grain market will continue for the forseeable future, but there could be slight changes around the holidays and into the New Year. “The market has been relatively flat for several weeks now and my guess is it will continue to be that way into the New Year. You may see […] Read more

Weak Cdn $ a boost to canola

ICE Futures canola contracts were stronger on Wednesday, as weakness in the Canadian dollar provided support. The Bank of Canada kept its key overnight interest rate unchanged at 1.75 per cent on Wednesday while lowering its expectations for future rate hikes in the accompanying statement. The Canadian dollar lost two-thirds of a cent relative to […] Read more


Canola futures stronger

ICE Futures canola contracts were stronger on Tuesday, taking some direction from the gains in Chicago Board of Trade soybeans and soyoil. Speculative short covering and weakness in the Canadian dollar contributed to the firmer tone in canola, according to a broker. However, losses in the outside equity markets and reduced optimism over the tentative […] Read more

Oils rise with buoyant markets

ICE Futures canola contracts were stronger on Monday, as sharp gains in Chicago Board of Trade soyoil and soybean contracts provided spillover support. The United States markets strengthened on news that the U.S. and China had reached a trade truce over the weekend. While there was little concrete information beyond an agreement to delay additional […] Read more