The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Canola
ICE canola weekly outlook: Rising market hits resistance
Manitoba crop report: Most of the harvest off the field
Combining in Manitoba advanced 12 points at 85 per cent complete for the week ended Oct. 7. While some crops made great amounts of progress, others did not. The largest gains were made in the province's soybean and flax harvests as they are up 41 points apiece at 70 and 61 per cent finished respectively.
Alberta harvest well ahead of five-year average
Progress hits 85 per cent complete
Harvest progress in Alberta reached 85 per cent complete as of Oct. 1, progressing 11 points on the week, according to the latest provincial crop report.
Eastern Canadian oilseeds to receive funding
Minister of Agriculture and Agri-Food Lawrence MacAulay has announced funding up to C$4.3 million over five years to the Eastern Canada Oilseed Development Alliance (ECODA).
Combining in Saskatchewan ahead of five-year average
Harvesting in Saskatchewan is in the home stretch as warm and dry conditions for the week ended Sept. 30 saw a 12-point gain to 91 per cent complete, the provincial agriculture department reported.
Bayer to acquire HyTech canola facility
Bayer CropScience Inc. announced on Oct. 3 it will purchase the HyTech canola treating and packaging plant near Coaldale, Alta. with the sale to be made final on Nov. 1.
Manitoba Crop Report: Dry weather advances harvest to 73 per cent
Warm and dry weather during the week ended Sept. 30, 2024 allowed Manitoba's harvest to advance 15 points at 73 per cent completion.
ICE canola weekly outlook: Running into resistance
The ICE Futures canola market was still trending higher in the first trading days of October but showing signs of running into resistance.
Manitoba Crop Report: Heavy rainfalls slow harvest
Manitoba harvest advances to 58 per cent complete, despite rain delays.
China targets Canada’s tariffs with anti-discriminatory probe
Beijing | Reuters – China has launched an anti-discriminatory investigation against restrictive measures taken by Canada including additional tariffs on Chinese electric vehicles, steel and aluminum products, its commerce ministry […] Read more
Cyber-Savvy Farmer
