MarketsFarm — Canadian canola exports have slowed to a trickle, as supplies dwindle with only two months left in the current marketing year. Only 900 tonnes of canola were exported out of the country during the week ended May 27, according to the latest data from the Canadian Grain Commission. That was down from the […] Read more
Canola exports slow to trickle
Wheat exports also well behind curve: CGC
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
Clubroot diagnosis no longer a death sentence
The disease continues its relentless spread across Alberta — but the risk has become more manageable
Reading Time: 5 minutes John Guelly felt as though he had been diagnosed with a terminal illness when he found clubroot in his canola fields nearly 10 years ago. But in the decade since then, the Westlock-area farmer has come to view the disease as more of a chronic condition — still risky, still potentially devastating, but ultimately manageable […] Read more
ICE weekly outlook: Canola sideways for now
MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
Golden era for canola isn’t over by a long shot, says industry vet
As he heads into retirement, Ward Toma says the crop’s future is as bright as it was when he was starting out
Reading Time: 3 minutes As he looks into the rear-view mirror of history, Alberta Canola general manager Ward Toma points to 2003 as a turning point. But not because of what happened in the canola sector, but rather the earthquake that hit the cattle business when BSE was discovered in an Alberta cow. In each of the two years […] Read more
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Move comes as diplomatic tensions ease, canola block lifted
Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
ICE weekly outlook: Highs might be in for old-crop canola
New crop in 'a very uncertain stage'
MarketsFarm — The highs may be in for old-crop canola contracts on the ICE Futures platform, with attention in the market turning to the new crop. “I think the market has probably defined the upside potential and the acute demand rationing that needed to occur is done,” said Jerry Klassen, an independent commodity trader and […] Read more
China lifts block on Canadian grain firms’ canola exports
Canola from Richardson, Viterra again allowed, officials report
Officials say China has reinstated market access for two major grain firms whose exports of Canadian canola have been blocked from Chinese ports since 2019. Canada’s Trade Minister Mary Ng and Agriculture Minister Marie-Claude Bibeau, in a joint statement Wednesday, confirmed the decision by Chinese customs officials allowing Richardson International and Viterra to resume canola […] Read more
Sold-out shelves are back — but now it’s vegetable oil in short supply
Global supply was tight before Ukraine invasion, and now some countries are imposing limits on shoppers
Reading Time: 4 minutes Toilet paper. Dairy products. Flour. In the early days of the pandemic, everyday staples became near-luxury items as signs went up limiting purchases to one or two per customer. Now, thanks to another global crisis disrupting supply chains, vegetable oil is getting the same treatment in some parts of the world. “There’s already a strong […] Read more
Sky-high commodity prices to continue
Reading Time: < 1 minute Farm Credit Canada is forecasting that crop prices will continue to remain strong for the rest of the marketing year. “Some prices will ease off their recent highs, while canola, corn and soybean prices should increase,” the lender said in a market update earlier this month. The FCC forecast for canola is $990 a tonne […] Read more
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