Reading Time: 4 minutes The path of least resistance for canola futures on the ICE Futures Canada trading platform remained to the downside during the week ended June 14. Declines were influenced by the perception that canola seeding was now complete and that the crop was off to a generally good start, development-wise. Downward price action was augmented by […] Read more
Farmers unlock old-crop canola bins for delivery
Soybean planting delays in U.S. support canola futures
Reading Time: 3 minutes Weather conditions remained an important factor in determining price directions in both Canada and the U.S. during the week ended May 31. However, with seeding operations in Canada starting to wind down, the emphasis will be on planting operations in the U.S. Midwest. Canola futures on ICE Futures Canada’s trading platform trended to the upside […] Read more
Alta. farmers near ready for seeding
Minimal seeding has occurred to date in Alberta, but the return of warm and drier conditions should see seeding operations fully underway in about a week’s time, according to a provincial crop specialist. “Some seeding has occurred in the extreme southern areas of the province so far, but I would say those operations are still […] Read more
Prairie canola crush margins improve
Crush margins for processors in Western Canada have once again improved, which is helping to maintain high demand for the commodity at local processors. “Based on my calculations, crush margins for canola basis the July contract have improved significantly over the past month to around the $40 per tonne area,” said Bill Craddock, a southern […] Read more
Seeding delays may help bolster Prairie sunflower acres
Delays in planting alternative crops this spring across Western Canada could translate into extra area being planted to sunflowers, according to an official with the National Sunflower Association of Canada (NSAC). “Because the crop insurance deadlines are later for sunflowers than other crops, we could see a switch to the crop this spring,” said Darcelle […] Read more
Ont. winter wheat survives in excellent condition
Winter wheat seeded in Ontario last fall is believed to have survived the winter in very good to excellent condition. “Overall there was little in the way of any winterkill reported so far this spring,” said Peter Johnson, a provincial cereal crop specialist at Stratford, Ont. Out of the 950,000 acres of winter wheat seeded […] Read more
Few surprises in StatsCan’s seeded area intentions
Statistics Canada’s first look at what farmers in Canada plan on seeding in the spring of 2013 yielded few surprises, despite the acreage projection for canola being smaller than anticipated and the all-wheat estimate coming in larger than expected. “The numbers will provide a good starting point to work with on paper, but weather, prices […] Read more
Late spring fuels uncertainty in StatsCan acreage ideas
Industry participants are certain we’ll see uncertainty in Statistics Canada’s first seeding intentions survey for the spring of 2013, given the late winter thaw, possibilities of flooding in some regions and resulting delays in planting crops. StatsCan’s planting intentions survey, conducted the week of March 25 to April 3 and due out Wednesday, included 13,805 […] Read more
Canola crush margins ease, processing pace stays strong
Crush margins for processors in Canada have eased to their lowest level in quite some time, but processing remains at a strong pace, according to industry sources. “Based on my calculations, crush margins for canola dropped to their lowest level in quite some time late last week to around the $23 per tonne area,” said […] Read more
Demand for Prairie red lentils picks up
Demand for Canadian red lentils has picked up recently, with the increase in business helping stimulate strength in the cash bids for the commodity. Cash bids for red lentils have climbed to around the 23- to 25-cent per pound area, depending on the region of the Prairies, confirmed Jackie Kress, senior grain buyer for Legumex-Walker. […] Read more
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