MarketsFarm — There very likely won’t be any resurgence in canola that would see old-crop futures exceed $1,000 per tonne in the near future, according to analyst Errol Anderson of ProMarket Communications in Calgary. In recent days, canola has been taking a series of hard hits, which have pulled the January and March contracts under […] Read more
ICE weekly outlook: Days of $1,000 canola done, for now
Smaller crops likely in StatsCan survey-based report
MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more
ICE weekly outlook: Canola market strong but choppy
MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying, […] Read more
Feeding cattle this winter is all about striking the right balance
Determine your priorities, feed test and then take a look at alternate feed sources
Reading Time: 4 minutes Whether feeding in a normal year or through a drought, cattle producers need to look at nutrition from a “40,000-foot vantage point” to make the most of their feed. “No matter what we’re doing, we’re always striving to get that perfect mix and perfect balance so that everything is used to its optimum,” Barry Yaremcio […] Read more
AAFC lowers canola export forecast
Domestic canola usage raised; other crops largely unchanged
MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in 2021-22 are now forecast at […] Read more
Imagine this: When the plant speaks, nutrients listen
Canadian researcher may have found a radically new way to fertilize crops
Reading Time: 4 minutes It sounds like science fiction, but some day there may be a fertilizer that only activates once the plant tells it to. That’s an oversimplification, but it’s the premise behind a researcher’s prototype for a “smart” fertilizer which uses a unique chemical to “listen” to calls for nutrients from the plant roots. It’s an insight […] Read more
Bugs get their due in new facility
Reading Time: < 1 minute The University of Saskatchewan is building a new facility specifically designed to conduct research on arthropod plant pests (such as aphids) and beneficial insects. The Insect Research Facility, a first in Western Canada, will be led by entomologist Sean Prager who was recruited four years ago “in response to increased need for entomological research, training […] Read more
Acclamations for directors the order of the day
Reading Time: < 1 minute Charles Simoneau from Guy has been proclaimed as Alberta Canola Producers director in Region 3, and Wayne Schneider from Leduc has been acclaimed in Region 6. But vacant director spots in Regions 9 and 12 failed to generate nominations so elections will be held at the AGM in January. Two Alberta Wheat directors were also […] Read more
ICE weekly outlook: Canola trade starts rolling out of January early
MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price […] Read more
ICE weekly outlook: Canola’s trend line still pointed higher
MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of […] Read more
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