MarketsFarm — ICE Futures canola contracts posted some wide price swings over the week ended Wednesday, moving lower overall as the market backed away from nearby highs and speculative profit-taking weighed on values. “The trend is higher, but you can’t go up forever,” said trader Ken Ball of PI Financial in Winnipeg. While rains during […] Read more
ICE weekly outlook: Canola corrects, but trend still up
Marvel or foo-foo dust? No verdict yet on biostimulants
Many products purport to boost plant health and yield but objective evidence needed, says researcher
Reading Time: 3 minutes The jury is still out on biostimulants. “Hopefully in two or three years, we’ll have a better recommendation and strategy for these things, but right now, it feels like there are more questions than answers,” said Mike Gretzinger, research co-ordinator at Farming Smarter. The recent buzz around biostimulants — a variety of products that boost […] Read more
Hot, dry weather creates ‘significant uncertainty,’ AAFC says
MarketsFarm — Supply/demand balance sheets for Canada’s major crops only saw minor adjustments in the latest update Tuesday from Agriculture and Agri-Food Canada, with hot and dry growing conditions leading to “significant uncertainty” on the state of the country’s 2021-22 crops. Total field crop production in the country was forecast to decrease due to a […] Read more
ICE weekly outlook: $1,000 canola not a guarantee
MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more
Net long position in canola nears lowest level of past year
MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more
ICE weekly outlook: Expensive canola required
MarketsFarm — Canada’s coming canola harvest, if lower than projected, would add tremendous pressure to prices as supplies could become much tighter than they have, according to trader Ken Ball with PI Financial in Winnipeg. Ball believes the 2021-22 canola harvest could be as low as 16 million to 17 million tonnes, well below the […] Read more
Will seasonal grain pricing hold this year?
Reading Time: < 1 minute If you’re expecting history to repeat itself, sell some canola soon or wait until post-harvest. Prices tend to follow a set pattern over the course of the year, says provincial crops market analyst Neil Blue. A chart using price data from 2011 to 2020 and a baseline of 100 shows prices rise to above 104 […] Read more
ICE weekly outlook: Volatility to come for canola market
'Tighten up your seatbelt'
MarketsFarm — Record-breaking temperatures in British Columbia, lingering extreme heat in the Prairie provinces and little to no precipitation have strengthened an ongoing rally in the ICE Futures canola market. One trader, however, warns that canola contracts may be in for a mercurial few weeks. “We’re clearly in a weather market that is extremely volatile,” […] Read more
U.S. grains: Corn, soy mixed ahead of plantings, stocks reports
Canadian farmers expand canola acres
Chicago | Reuters — Chicago Board of Trade corn and soybean futures were mixed on Tuesday as traders adjusted positions ahead of key U.S. reports on crop plantings and inventories. The U.S. Department of Agriculture on Wednesday is expected to increase its estimate for corn plantings by about three per cent from March, according to […] Read more
The crush is coming — will canola growers roll the rotation dice?
Reading Time: 4 minutes Shortening rotations to meet demand from a spate of new crush plants will backfire, say experts Prairie canola growers will need to up production to meet the growing demand from a rash of new crush plants in Saskatchewan. But they won’t get there by sacrificing sustainability, says the Canola Council of Canada. “For us, it’s […] Read more
Cyber-Savvy Farmer
