Reading Time: < 1 minute Both new and familiar faces make up Alberta Canola Producers Commission’s new board of directors. The board — elected at the organization’s 34th annual general meeting — includes re-elected chair Roger Chevraux of Killam. Charles Simoneau of Guy will replace long-serving board member Ian Chitwood of Airdrie as vice-chair. Jeff Frost of Olds — a […] Read more
Alberta Canola elects new board
Roger Chevraux of Killam re-elected as chair
Funds still sitting on large net short position in canola
Soybeans' net short position increased by about 5,000 contracts
The large net short position in canola futures held relatively steady during the week ended Jan. 30, with speculative traders making only minor adjustments, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
FCC projects profit loss in 2024
Hits expected on grain price, but economist ‘cautiously optimistic’ on interest rates and input costs
Reading Time: 7 minutes A prominent Canadian ag lender is projecting a 4.8 per cent decline in farm cash receipts in 2024, due in part to a softening market. Consequently, its leading economist is urging producers to find any way to save money. “In this environment, I do think that management skills are absolutely critical,” said J.P. Gervais, vice-president […] Read more
ICE Canada weekly outlook: Canola continues to be bearish
Keep close eye on upcoming stocks as of Dec. 31 Stat Can report, says analyst
Despite farmer selling there remained little doubt that the canola market was bearish during the week ended Jan. 31, according to analyst Jerry Klassen of Resilient Commodity Analysis in Winnipeg.
Prepping for the 2024 canola crop
Planning for crop stresses now will set growers up for success when it is time to act: agronomists
Reading Time: 5 minutes Glacier FarmMedia – Winter isn’t exactly prime time to scout for insects, diseases and weeds, but last year’s pests may provide a baseline to help prepare for the next canola crop, agronomists say. “Review the challenges you had last year and have a plan in place as to how you’re going to handle them this […] Read more
Planter and seed drill join forces
Horsch has created a concept to bring the advantages of a planter to smaller-seeded crops
Reading Time: 2 minutes Glacier FarmMedia – Is it a planter or a drill? If a concept machine created by Horsch eventually comes to the market, someone might have to invent a new category. “We’re trying to mix and trying to get the best of both worlds, which is a seed drill and a corn planter,” said Laurent Letzler, […] Read more
Grain quality reports available
Reading Time: < 1 minute The Canadian Grain Commission full quality reports for CWRS, CWAD and CPSR wheats are now available and in a new format. These reports now feature new quality summaries, more visual charts and graphs and additional resources. The quality of the CWRS crop was excellent, with more than 97 per cent of the crop being in […] Read more
Large fund short position in canola edges lower
Net short position in soybeans grew to its largest level in nearly four years
Managed money fund traders only made small adjustments to their large net short position in canola futures during the week ended Jan. 23, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola market hasn’t hit bottom yet
With low demand, the oilseed is expected to continue its downward trajectory
Reading Time: 2 minutes Canola prices have been falling steadily since reaching record highs in 2022, and according to agriculture markets analyst Brad Magnusson, they haven’t hit bottom yet. The CEO of Magnusson Consulting Group spoke to farmers at St. Jean Farm Days Jan. 10 in St. Jean Baptiste, Manitoba. “Demand is low,” he said, pointing to a graph […] Read more
ICE canola weekly outlook: Market stabilizing, but for how long?
Domestic crushers running at full capacity but export demand lacking
ICE Futures canola contracts continued to show some modest strength during the week ended Jan. 24, as the market stabilized above the lows hit earlier in the month. However, whether the uptrend continues or canola retreats to fresh lows remains to be seen.
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