Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in […] Read more
China applies to join Trans-Pacific trade pact
Second-biggest economy seeks to add to economic clout
ICE weekly outlook: Canola remains rangebound
Trade predicts even smaller production
MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more
B.C. startup company says it’s found a better way to deliver fertilizer
Product uses cellulose to bind micronutrients and keep them from leaching away
Reading Time: 4 minutes A Vancouver startup says it has created a “sustainable smart fertilizer” with a product made out of the hulls of lentils and peas. Lucent BioSciences says its product, called Soileos, drives an “on-demand” delivery of nutrients to plants while reducing farmers’ carbon footprint. And because it is made with cellulose, it is not water soluble […] Read more
The ball game has changed but the fundamentals haven’t
After a bruising year, farmers need a game plan to lower their risk in 2022, says veteran agronomist
Reading Time: 5 minutes Start planning to minimize next year’s risk as soon as you’ve parked the combine — and that starts with fall soil testing, says agronomist Matt Gosling. “There has probably never been a more critical year in my 18 years of doing agronomy to soil test,” said the owner of Strathmore-based Premium Ag. “Soil testing is […] Read more
Prairie crops downgraded in latest StatsCan estimates
Corn, soybean crops upsized from previous report
MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more
Canada’s canola production likely to be cut further
MarketsFarm — Barely two weeks after Statistics Canada projected 2021-22 canola production to come in around 14.7 million tonnes, the U.S. Department of Agriculture forecast the Canadian oilseed crop to be about 14 million tonnes. Now, a few days after USDA’s supply and demand estimates, Statistics Canada is already set to update its Aug. 30 […] Read more
Boom times: Green diesel plant could light a fire under canola
New renewable diesel facility expected to soak up a lot of canola oil, and fuel major production increases
Reading Time: 5 minutes Alberta farmers could see a huge new market for their canola right in their own backyard — the country’s largest renewable diesel facility. “It’s exciting news,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. “Another market — and a potentially significant market — that drives demand is a boon for the canola […] Read more
Canola ending stocks down on year, but beat expectations
StatsCan pegs barley ending stocks at record low
MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
ICE weekly outlook: Canola market awaits harvests, USDA
MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department of Agriculture also has the […] Read more
Nexera canola seed to come with heat blast insurance
Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29
Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more
Cyber-Savvy Farmer
