Up against an “inconsistency of grower experiences” with the seeds’ yields in 2019, Bayer Canada is yanking two of its DeKalb TruFlex canola hybrids from the market. DeKalb’s DKTF 92 SC and DKTF 94 CR will not be available for 2020, Bayer said. Canola growers who have already booked those seeds for this spring are […] Read more
Tag Archives Canola — page 70
DeKalb pulls two ‘inconsistent’ canolas off market
Solid crush more than makes up for slow canola exports
MarketsFarm — Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Sunday (Jan. […] Read more
ICE weekly outlook: Canola stronger at midweek
MarketsFarm — Canola was “well supported” at midweek, bolstered by strength in comparable vegetable oils and relative weakness in the Canadian dollar. Chicago soy was underpinned by strong export demand and the expectation that the U.S. and China will sign Phase One of their trade deal next week. However, with heightened geopolitical tension in the […] Read more
ICE weekly outlook: Canola could break out of range
MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more
China approves two new GM crops from U.S. for import
Beijing | Reuters — China approved two new genetically modified (GM) crops for import on Monday that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. Earlier this month, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import […] Read more
Canadian canola crush up 8.5 per cent on year-to-date
MarketsFarm – Canada’s canola crush is running well ahead of the year ago pace, according to the latest data from Statistics Canada. Four months into the 2019/20 marketing year, which began Aug. 1, more than 3.3 million tonnes of canola have been crushed, according to the report released Dec. 19. That’s a jump of 8.5 […] Read more
AAFC lowers canola ending stocks forecast
MarketsFarm — Canadian canola ending stocks will be much tighter than earlier thought, according to updated supply/demand tables which were released late Thursday by Agriculture and Agri-Food Canada and account for the latest production numbers from Statistics Canada. AAFC’s projected canola ending stocks for 2019-20 were lowered to 3.5 million tonnes, which compares with the […] Read more
ICE weekly outlook: Canola gives back gains at midweek
MarketsFarm — Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity concentrated in the January/March contracts. Spreading accounted for 124,790 contracts traded, which is about 86 per cent of the activity. Keith Ferley of RBC Dominion […] Read more
Farmers hit by trade disputes should be helped faster, Trudeau says
Ottawa | Reuters — Canada’s agriculture department should move more quickly to help farmers harmed by protectionist measures imposed by other nations, Prime Minister Justin Trudeau said Friday. Canadian farmers are caught up in a trade and diplomatic dispute between Ottawa and Beijing. In a formal letter of instruction to Agriculture Minister Marie-Claude Bibeau, Trudeau […] Read more
ICE weekly outlook: Canola values could fall further
MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David Derwin, an analyst with PI […] Read more
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