MarketsFarm — ICE Futures canola contracts remain stuck in a sideways trading range to start the New Year, with bearish outside forces countered by relatively supportive fundamentals. From a chart standpoint, March canola is stuck in a sideways range between $800 and $900, with little to suggest a break one way or the other for […] Read more
ICE weekly outlook: Sideways canola market watching macros
USDA report may offer nearby direction
Take time to learn the ins and outs of grazing brassicas
Toxicity can be an issue, and so can fussy eating, but brassicas can benefit the soil and extend the grazing season
Reading Time: 4 minutes With their ability to suppress weeds and break up compacted soil, brassica plants have become widely known as a good cover crop option. Many producers graze their cover crops, but brassicas can also serve as a grazing crop. “The brassicas are super watery and highly digestible,” said Jillian Bainard, a forage research scientist at Ag […] Read more
ICE weekly outlook: Markets rangebound into the New Year
ICE canola plays catch-up on CBOT gains
MarketsFarm — As 2022 comes to an end, a trader stated the commodities market will very likely remain rangebound through the New Year. Ken Ball, of PI Financial in Winnipeg, said there’s heavy spreading, as well as the maneuvering of year-end positions and plenty of liquidation going on at the moment, “all trapped in a […] Read more
Renewable diesel demand expected to soar in next two years
Canola production poised to jump as new facilities come on stream in next two years
Reading Time: 4 minutes Renewable diesel production is poised to take off in the next five years and the coming boom is great news for canola growers, says the Canadian Oilseeds Processors Association. “For canola crush, in terms of possible capacity growth in the years to come, we could see almost six million tonnes of increased capacity based on […] Read more
This week on ‘Between The Rows’
Episode 307, Dec. 22, 2022
To hear the latest episode of Between The Rows, CLICK HERE. The show is also available to you each week through Apple Podcasts and Google Podcasts — and you can also find our episode archive on YouTube.
ICE weekly: Canola regains strength after days of declines
MarketsFarm — After a losing string of four straight sessions, the ICE Futures March canola contract regained some strength on Wednesday. Limited and choppy trading in nearby soybean contracts had pulled down canola for most of the week, according to Winnipeg-based independent trader Jerry Klassen. “When the March got up to $868-$870 (per tonne)… there […] Read more
Stubble in crop rotations might surprise you
Reading Time: < 1 minute A new tool from Alberta Wheat and Alberta Barley can help producers with rotation planning. The tool, a table that uses 10 years’ worth of AFSC crop data, “provides a breakdown of the average percent yield of certain crops when seeded into specific crop stubble.” The table, which has 12 crops (six cereals, three pulses, […] Read more
Large gap between StatCan, USDA canola estimates
USDA sticks closer to StatCan expectations on wheat
MarketsFarm — There’s a significant difference in the amount of canola grown in Canada during 2022-23, in the estimate from Statistics Canada (StatCan) compared to that from the U.S. Department of Agriculture (USDA). Earlier in December, StatCan’s survey-based production of principal field crops report pegged this year’s canola harvest at 18.17 million tonnes. That’s a […] Read more
AAFC raises canola stocks projection, despite smaller crop
Department also trims wheat ending stocks
MarketsFarm — Canadian canola ending stocks for 2022-23 were revised higher by Agriculture and Agri-Food Canada in its latest supply/demand estimates, released Friday. The larger carryout projection came despite a downward revision to production, as both exports and domestic usage were also down from the November report. The government agency now sees canola carryout of […] Read more
ICE weekly outlook: Canola trade’s focus on South America
Canola still entrenched in $800-$900 range
MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, looking for some direction to push values one way or the other. “We’re just watching South American weather now,” said Jaimie Wilton, commodities futures specialist with RJ O’Brien in Winnipeg, pointing to the drought in Argentina and the relatively favourable conditions […] Read more
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