MarketsFarm – Rain fell on all growing regions of Saskatchewan during the week ended June 20 improving growing conditions, according to the province’s weekly crop report released on June 23. Most areas received at least 20 millimetres of rain during the week, with the communities of Prince Albert, Nipawin, Spiritwood and Kindersley all getting more […] Read more
Saskatchewan Crop Report: Rain falls on most of the province
ICE weekly outlook: Falling canola futures snowballing lower
MarketsFarm — ICE Futures canola contracts fell hard during the week ended Wednesday, with little indication of how much more room to the downside there could be. “Once the snowball starts rolling, it just rolls,” analyst Mike Jubinville of MarketsFarm said, adding there were no dynamic changes to the generally supportive canola fundamentals — but […] Read more
Manitoba Crop Report: Plantings advance, crops threatened by weeds, insects
MarketsFarm – Seeding continues to advance in Manitoba, but recent rains have also hindered progress and emergent crops are being threatened by weeds and insects. Plantings in the province are 91 per cent complete as of June 21, four points higher than the previous week according to Manitoba’s weekly crop report. Typically, the third week […] Read more
Crop disease reporting tool is now live
Reading Time: < 1 minute The 2022 version of a tool that alerts producers to emerging disease threats is now available. The Quick Disease Reporter Tool was created by the Prairie Crop Disease Monitoring Network. It allows users “to make general reports of diseases in common crops” across the Prairies. “This information can be used to identify regions where Prairie crop […] Read more
Get the lowdown on kochia control
Reading Time: < 1 minute Manage Resistance Now has put out a new fact sheet on dealing with herbicide-resistant kochia. “Herbicide-resistant kochia is one of the largest weed threats to crop production in Western Canada,” the organization, created by CropLife Canada, notes in the online resource (available in the Weeds section of manageresistancenow.ca. A combination of control methods is needed, […] Read more
Canola net long position smallest in 10 months
MarketsFarm — The net long position held by fund traders in the ICE Futures canola market continued to dwindle in the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC), hitting its smallest level since August 2021. The net managed money long position in ICE Futures canola came in […] Read more
ICE weekly outlook: Other factors trump seasonal pressure on canola
MarketsFarm — Despite the losses canola and other crops have incurred during the week of June 13, prices have remained rather high, according to a trader. “Even though we got some big crops brewing in North America, the prices are not falling apart. There are just enough things in there to keep these markets a […] Read more
Cargill plans to close U.K. rapeseed crush plant
Fewer U.K. farmers growing crop
London | Reuters — Cargill plans to close its rapeseed crush facility in Hull, eastern England, the global commodities trader said Tuesday. The mill, which Cargill has been operating since 1985, has the capacity to crush 750 tonnes of seed a day to produce 420 tonnes of rapeseed meal and 323 tonnes of crude rapeseed […] Read more
ICE weekly outlook: Weather in focus for canola traders
MarketsFarm — ICE Futures canola contracts hit their lowest levels in two months during the first week of June but uncovered support to the downside to recover on Wednesday and hold rangebound overall. While crush margins are still well off the levels seen at this time a year ago, they have improved over the past […] Read more
The ball is just getting started for Canada’s Cinderella crop
Renewable diesel expected to permanently push up demand — and keep prices strong
Reading Time: 3 minutes Canola acres are down substantially this year but that’s not because growers’ fondness for their Cinderella crop has diminished. In fact, most are pretty excited about what lies ahead, said Alberta Canola vice-chair Ian Chitwood. “I think people are quite optimistic by how the market is looking and how things are looking for canola,” said […] Read more
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