MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
Tag Archives Canola — page 37
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
ICE weekly outlook: Canola sideways for now
MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Move comes as diplomatic tensions ease, canola block lifted
Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
Corn, soybean planting surges, forage crops poised for progress
OMAFRA Field Crop Report for the week of May 16
Large swaths of the province saw rain early this week, which put a pause on a very productive planting window over the previous week and a bit. The forecast predicts slower progress due to more regular precipitation, which will provide some stress relief on fields that were starting to turn alarmingly dry. Northwestern Ontario is […] Read more
ICE weekly outlook: Highs might be in for old-crop canola
New crop in 'a very uncertain stage'
MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more
China lifts block on Canadian grain firms’ canola exports
Canola from Richardson, Viterra again allowed, officials report
Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more
Eastern Prairies’ wet conditions may curb insect pest risk
Late-seeded crops may germinate more quickly in warmer soils
MarketsFarm — If there could be one benefit to the excessive moisture across much of southern Manitoba and the Interlake region, that would be a potentially reduced risk for insect pests, according to John Gavloski, entomologist for Manitoba Agriculture, Food and Resource Development. For example, Gavloski cited flea beetles, which could damage canola. “If [canola] […] Read more
Spring planting well underway in Ontario
MarketsFarm — Farmers are well into seeding their crops for 2022, according to Wednesday’s crop report from Ontario’s Ministry of Agriculture, Food and Rural Affairs (OMAFRA). The report noted planting of corn, soybeans and spring cereals started late last week — the exception being where there are heavier soils. OMAFRA projected planting could be 80 […] Read more
Mildew scrapped as grading factor for No. 3 wheats
Grading changes also planned for canola admixture, splits in peas, excreta in mustard
The Canadian Grain Commission will change its standard samples for mildew in No. 1 and No. 2 wheats, and drop it as a grading factor for No. 3 wheats, effective this summer. The CGC on Monday laid out a list of changes to its grain grading policies and standards for wheat, canola, peas, beans and […] Read more
ICE weekly outlook: Conditions a challenge for Prairie canola
MarketsFarm — Wet conditions throughout much of the eastern half of the Canadian Prairies continued to delay spring planting this week. Meanwhile, the western half of the region remained mired in drought and in need of rain to help recently-seeded crops get off to a good start. “Get it in the ground and get some […] Read more
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