MarketsFarm –– Producer deliveries of major grains last month were up nearly 40 per cent when compared to April 2022, according to Statistics Canada (StatCan). In April 2023 more than 3.44 million tonnes of grain were delivered, versus 2.46 million a year ago. The uptick in deliveries continued to demonstrate the sizeable harvest farmers reaped […] Read more
April grain deliveries see increases all around
Barley deliveries up sharply
Net farm income down in 2022 despite high commodity prices: StatCan
Hike in farm fuel, fertilizer and feed costs is the largest in nearly 50 years
Farmers’ realized net income dropped by over eight per cent in 2022 as expenses outpaced the rise in cash receipts, a new Statistics Canada report says. Realized net income is the difference between cash receipts and operating expenses, minus depreciation and plus income in kind. When cannabis is included, realized net income dropped by nearly […] Read more
The great weed control robbery
Calcium, magnesium, sodium, and other cations in water bond with herbicide molecules, making them ineffective
Reading Time: 5 minutes Clint Jurke had never, not once, tested the quality of his sprayer water until a colleague said it would make a good topic for an article. “I like to think I’m pretty good at agronomy,” said Jurke, agronomy director for the Canola Council of Canada and farmer from Lloydminster, Sask. “I scout, follow labels’ rates, […] Read more
ICE weekly outlook: Don’t bank on $700 canola, analyst suggests
Fresh bullish news not yet in view
MarketsFarm — New-crop canola prices on ICE Futures seemed to be destined to remain well below $700 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. “The market tends to be back where it came from,” Anderson said, stressing that chances of canola pushing higher requires fresh bullish news. “It’s got to […] Read more
AAFC projecting canola ending stocks to tighten
New-crop wheat ending stocks figure boosted
MarketsFarm — Canadian canola ending stocks in both the current marketing year and upcoming 2023-24 season will be tighter than earlier estimates, according to supply/demand projections from Agriculture and Agri-Food Canada (AAFC) on Tuesday. Factoring in Statistics Canada’s latest acreage estimates and its data for stocks as of March 31 — figures both released in […] Read more
Green light for gene editing heralds new age in farming
New guidance from Ottawa puts gene-edited varieties on par with their conventionally bred cousins
Reading Time: 4 minutes In what many believe will be a turning point for agriculture here, the Canadian Food Inspection Agency has legalized the growth and marketing of crop varieties developed with gene editing. That has fired up Jason Lenz’s imagination about the technology’s impact on food waste and food security — and also on flea beetles. “Food security […] Read more
Speculative short position declines in canola
Traders' net long in CBOT soy also reduced
MarketsFarm — The speculative short position in canola continued to shrink during the week ended May 15, as speculators bought back short positions and put on new longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 15, 2023, the net managed money short position […] Read more
Canola, palm oil prices track closely
Reading Time: < 1 minute After diverging from palm oil last fall, canola oil is once again tracking close to its lower-priced cousin, says one provincial crops market analysts. “There are times like last fall when canola seed had relative price strength, but overall, the price correlation has been high during the past year,” Neil Blue said in a recent […] Read more
ICE weekly outlook: Unclear where canola wants to go
Soy complex's trend much more apparent
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
More cash available for 4R practices
Reading Time: < 1 minute The Canola Council of Canada is boosting incentives for the second year of its Canola 4R Advantage program. There are grants for soil testing, enhanced efficiency fertilizers, preferred application and field zone mapping. This year, the grants are being increased to $20,000 per farm (up from $6,000 last year), more incentives per farm (four this […] Read more
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