CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders […] Read more
Tag Archives Canola — page 93
Canola market dips to rally, heat stress hits wheat crops
ICE Canada Weekly Outlook: Canola off highs, but watching weather
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved lower during the week ended July 26, as improving weather conditions in parts of Western Canada and the US Midwest saw speculators liquidating some of their long positions. While the nearby charts turned bearish, canola rebounded off of its lows on Wednesday taking some direction […] Read more
Crude oil bearishness seeps into canola market
CNS Canada — The falling price of crude oil is a bearish force weighing on many agricultural commodities, including canola, according to a Prairie market analyst. “Crude oil has been a driver of this weakness,” said Errol Anderson, president of ProMarket Communications in Calgary. In the past month, crude oil dropped roughly US$9 per barrel […] Read more
Syngenta exits canola seed business
Canola growers checking out Syngenta Canada’s 2018 seed guide for Western Canada will notice canola by its absence. Syngenta, which entered the Prairie canola seed market in 2013 and by this spring had six hybrid varieties on offer, said in a statement it has “recently taken the decision to exit the canola seed business.” The […] Read more
Soggy forecast worries Prairie farmers in race to seed crops
Winnipeg | Reuters — Heavy rain forecast for the soggiest parts of the Prairies this week is likely to further delay seeding in the world’s biggest canola-exporting country, meteorologists say. The rain, forecast to hit Alberta and Saskatchewan on Wednesday and Thursday respectively, would be the latest blow to farmers who could not harvest all […] Read more
Take time to judge frost damage on canola
After temperatures Thursday dropped as low as -5 C in parts of Manitoba and Saskatchewan, growers who’ve already seeded may be wondering whether emerging canola plants have survived. It’s best not to write off those seedlings right away, according to the Canola Council of Canada in a Canola Watch newsletter on Friday. It can take […] Read more
StatsCan data confirm tight canola supplies
CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more
Canadian producers to plant record canola crop, boost soybean acres
CNS Canada – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017/18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump of 2.02 million acres over last year. “It’s no surprise […] Read more
No point in quarantine for verticillium wilt, CFIA says
Slapping federal quarantines on canola fields with verticillium wilt wouldn’t serve much purpose, since the yield-robbing fungi is already in all of Canada’s major canola-growing areas, the Canadian Food Inspection Agency says. While the agency itself is recommending against regulation, CFIA on Wednesday posted a draft of a risk management document on verticillium wilt, seeking […] Read more
Cool, dry canola keeps best when left alone
For farmers who plan to keep canola in bins through the hottest months of the year, a new Prairie study suggests that to manage bin temperature, less handling is better. Having set out to study how best to manage higher-moisture canola over the spring and summer, a team from the Prairie Agricultural Machinery Institute (PAMI) […] Read more
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