(File photo courtesy Canola Council of Canada)

Canada left with very tight canola, barley stocks

'You can't find canola anywhere in the country'

Reading Time: 2 minutes MarketsFarm — Statistics Canada’s grain stocks report leaves no question that canola stocks have been tight for some time in Canada and will continue to be unless demand is slashed, according to independent trader Jerry Klassen in Winnipeg. “You can’t find canola anywhere in the country and the stocks that are out there, a lot […] Read more

ICE July 2021 canola (candlesticks) with Bollinger (20,2) bands and November 2021 canola (black line). (Barchart)

ICE weekly outlook: Canola’s uptrend intact for now

Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper gains in the new-crop months, […] Read more

Leaf necrosis (browning) observed after a few days where the night-time temperatures reached 0°C or lower. This picture was taken in a herbicide trial where necrosis was more severe when an overlap rate of certain herbicides were applied. Historically, this injury has not resulted in yield reductions when occurring at growth stage 30 or less.

Spring update for cereal crops and oilseeds

OMAFRA Field Crop Report for April 29

Reading Time: 2 minutes Winter wheat Winter wheat acreage is up by 8 per cent compared to the 2020 growing season (Statistics Canada). In general, the winter wheat crop looks very good throughout the province. Cold weather caused some temporary leaf necrosis (leaf tip burn) in a few fields. This leaf burn is sometimes made worse when a herbicide […] Read more

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (light yellow, dark yellow, dark green lines). (Barchart)

ICE weekly outlook: Challenging crop year ahead for canola

Reading Time: < 1 minute MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more

(Dave Bedard photo)

StatsCan’s projected canola area on low side of expectations

Wheat acres expected lower, barley up

Reading Time: 2 minutes MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more


Kyle Jeworski, Viterra’s CEO for North America, speaks in a December 2020 promotional video announcing the company’s worldwide rebranding. (Viterra video screengrab via YouTube)

Viterra plans major canola crusher for Regina

Expected capacity would make facility largest in world

Reading Time: 3 minutes Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola crush facility” in the northeast […] Read more

(Dave Bedard photo)

More canola, less wheat expected ahead of StatsCan report

'Returns per acre are just so much stronger'

Reading Time: 2 minutes MarketsFarm — Canadian farmers are seen as likely to plant more canola and barley and less wheat this spring, as market participants await the first survey-based estimates from Statistics Canada on Tuesday to confirm the extent of that shift. “Canola will gain acres and wheat will lose acres,” said MarketsFarm Pro analyst Mike Jubinville, pointing […] Read more

Excerpt from a digital rendition of Cargill’s proposed $350 million canola crushing plant proposed for the Regina area. (Image courtesy Cargill)

Cargill to crush canola at Regina

New plant to process up to one million tonnes per year

Reading Time: 3 minutes The Canadian arm of agrifood giant Cargill plans to further expand its reach in the Prairie canola market with a new crush plant at Regina and upgrades elsewhere. The company announced Thursday it would start construction on the $350 million plant “early next year” and expects to have it operating by early 2024, employing about […] Read more


ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)

ICE weekly outlook: Canola’s uptrend still intact

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish the task of curtailing demand,” […] Read more

(Dave Bedard photo)

Slight adjustments in AAFC’s April supply/demand report

Reading Time: 2 minutes MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending […] Read more