Canola futures traded at their highest levels in 18 months in early May, but the market also showed signs of running into resistance.
Tag Archives canola futures
Looking at market year by the numbers can reveal trends
A technical chart tells a story. It provides a map of what happened and hints about what may come. Canola There were certainly twists and turns to the canola trade in 2024. However, the path meandered in a sideways range and the market never actually went anywhere, finishing 2024 not far from where it started […] Read more
Record S. American soy forecast assumes drought ends
Market attention will soon turn to South America, where seeding has begun on the next soybean crop, which major forecasters expect will set a new record if the current soil moisture deficit is fixed by improved rain. Soybean and canola futures are weak as combines roll in North America, harvesting a forecasted record large soybean […] Read more
Canola price weakens on supply forecast, trade tension
Canada had almost 3.1 million tonnes of canola in stocks at the end of the crop year, which was more than expected, and once all the disposition numbers have been tallied, it looks like the 2023-24 crop was bigger than the official estimate. Every year, concurrent with the release of the July 31 stocks report, […] Read more
Canola struggles from weak veg oil price and falling crude
Canola futures have fallen throughout autumn, weighed down by falling crude oil and vegetable oil prices and the latest Statistics Canada report that added close to a million tonnes to the production estimate. Canola production is 18.3 million tonnes according to the Production of Principal Field Crops report, based on a producer survey conducted Oct. […] Read more
Profitability has been squeezed but situation not terrible
If the world remains more concerned about a recession than it does about hunger and higher food prices, farmers might have to wait through some glum months of disappointing prices and high costs until there’s better profitability.
But if those tightening stocks keep getting tighter, farmers’ profitability situation might get brighter in a hurry.
