Reading Time: 4 minutes Hundreds of Alberta producers have completed climate mitigation projects on their farms and the administrator of the On-Farm Climate Action Fund is expecting another wave of applications when the program reopens in February. “We’re swamped but that’s good,” said Fiona Briody, program manager for RDAR (Results Driven Agriculture Research), which is administering the bulk of […] Read more
Climate mitigation grants a huge hit on Alberta farms
More than 700 applications came in this year and a second, bigger surge is expected in February
Getting the facts on pesticide residues
Independent testing gives 15 watersheds a clean bill of health for pesticide concentrations
Reading Time: 5 minutes Alberta farm groups have done their homework to prove that farmers are good stewards of the province’s watersheds. Using an independent testing company and lab, the project extensively sampled 15 watersheds in central and southern Alberta for a panel of 129 pesticides. No instances of pesticide residues above prescribed limits were found. Team Alberta Crops, […] Read more
ICE weekly outlook: Less canola to be exported
Crop expectations from Canada, Australia are factors
MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
Australia looking at record wheat, canola crops
Near-record winter crop output expected
MarketsFarm — Australia is forecast to harvest record-large wheat and canola crops in 2022-23, with improved crop prospects in many parts of the country more than offsetting losses in others. That analysis comes from the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), released Tuesday. Total production of […] Read more
Grain movement stats are a window into the market
Weekly numbers from the grain commission give near real-time data on deliveries and exports
Reading Time: 2 minutes Keep an eye on the weekly numbers for producer deliveries and grain exports, says a provincial crops market analyst. “Weekly updates from the Canadian Grain Commission provide useful crop market movement and demand information,” said Neil Blue. The grain commission data covers grain and oilseeds moved in bulk (it doesn’t include container shipments) and it […] Read more
Speculative short position grows in canola
Managed money still net long in soybeans
MarketsFarm — Speculators in the ICE Futures canola were busy liquidating long positions and adding to the short side of the market during the last week of November. That’s caused the net short position to grow to its largest level in two months, according to the latest Commitments of Traders (CoT) report compiled by the […] Read more
U.S. judge dismisses indictment against Huawei executive
Related charges remain against company
New York | Reuters — A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies, formally ending a criminal sanctions case that strained U.S.-China and Canada-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an agreement with U.S. prosecutors […] Read more
StatCan data show smaller Canadian canola, durum production
Report also logs more barley, oats than previous estimates
MarketsFarm — Canadian farmers grew less canola and durum than originally thought in 2022, but more barley and oats, according to updated production estimates from Statistics Canada released Friday. “There were both bullish and bearish surprises,” MarketsFarm Pro analyst Mike Jubinville said. While canola production of 18.174 million tonnes was still up considerably from the […] Read more
Huawei executive’s U.S. bank fraud charges to be dismissed
Charges remain against company itself
Reuters — U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies, whose 2018 arrest strained relations between the U.S. and China. Meng struck a deal with the prosecutors last year for the charges against her to be dismissed on […] Read more
ICE weekly outlook: Canola still rangebound but upside possible
Crush margins expected to stay high for now
MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more
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