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Tag Archives Canola — page 42

(Richardson International video screengrab via YouTube)
Crops

Lethbridge canola crusher workers reject contract offer

UFCW to seek mediation

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Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. plan to seek mediation after voting to reject the company’s contract offer. United Food and Commercial Workers (UFCW) Local 401, which represents about 140 workers at the Lethbridge plant, said Monday its members had voted 79 per cent to reject the offer. The workers’ […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC adjusts grain, oilseed balance sheets slightly

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MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3, […] Read more
ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola futures bend under pressure

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MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
A sunflower crop north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Crops, Markets

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

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MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at […] Read more
ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola futures still well supported

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MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward […] Read more
Dominic Barton. (Video screengrab from McKinsey.com)
Crops

Ambassador to China to leave post after helping free detainees

Canola, 5G access, other issues remain

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Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a […] Read more
(Dave Bedard photo)
Crops, Markets

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

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MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more
ICE March 2022 canola (candlesticks) with 20- and 50- day moving averages (yellow and dark green lines). (Barchart)
Crops, Markets

ICE weekly outlook: Days of $1,000 canola done, for now

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MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under […] Read more
(Dave Bedard photo)
Crops, Markets

Smaller crops likely in StatsCan survey-based report

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MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more

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