Reading Time: 3 minutes The Canola Council of Canada’s plan to push production to 26 million tonnes annually by 2025 is still on — but the goal is looking ever-more daunting. The joint farm-industry organization released an updated “innovation strategy” last month to support it’s ‘Keep It Coming — 26 by 2025’ initiative. The strategy report has a long […] Read more
Canola sector will need a big push to reach production target
But crushers seem confident that canola sector can greatly increase yields and hit its ‘26 by 2025’ goal
EU’s oilseed yields expected to decline in 2022-23
USDA's attaches predict uptick in EU's oilseed acres
MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more
Drought fears, fertilizer may affect Canadian acreage estimates
MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more
Indonesia bans palm oil exports as global food inflation spikes
Government under pressure to control cooking oil prices
Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more
Good beginnings make for happy endings for canola stands
Seeding a little too deep while going a little too fast are two big, but common, mistakes
Reading Time: 4 minutes The canola industry has a big goal — boost long-term average yields by six bushels an acre by 2025 in order to keep up with demand from crushers. That’s not a goal that can be achieved, however, if one out of every two seeds coming out of the seeder fails to germinate. Rather, seed survival […] Read more
Not warm enough yet for accurate read on Ontario winter crops
MarketsFarm –– The crop report on Wednesday from Ontario’s ministry of agriculture, food and rural affairs (OMAFRA) notes a lack of temperatures warm enough to accurately assess winter crops and/or to begin spring planting. OMAFRA determined winter wheat that was seeded on time looks healthier than what was planted later in the fall. Also, water […] Read more
ICE weekly outlook: Trend remains pointed higher for canola
MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in canola,” said analyst Mike Jubinville […] Read more
New calculator estimates the dollar value of Prairie wetlands
The USask tool aims to show that wetlands are worth far more to society than usually thought
Reading Time: 3 minutes A new online tool developed at the University of Saskatchewan will help both policy-makers and producers estimate the value of wetlands across the Prairies. “When we push for wetland conservation, sometimes the language that our leaders and policy-makers understand best is the dollar value,” said researcher Eric Asare, who led the project for the USask […] Read more
Farming behind the lines: Ukraine’s farmers sow amidst wreckage
Despite their best efforts, however, famine looms as war rages
In early April, Ukrainian soldiers expelled the Russian invaders from the northern regions of Ukraine: Kyiv, Chernihiv and Sumy regions. The wounded enemy left, leaving behind burned-out war machines and the unburied corpses of his soldiers. However, the invaders managed to do a lot of damage. Many of you are probably aware of the atrocities […] Read more
ICE weekly outlook: Canola seen as teetering, likely to tumble
'A lot of emotion and tension' in market
MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more
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