CNS Canada — Canadian canola crushers showed no signs of slowing down their record pace over the Christmas and New Year’s holidays, with the weekly crush topping 200,000 tonnes for only the second time ever. The canola crush during the week ended Wednesday came in at 200,294 tonnes, according to the most recent Canadian Oilseed […] Read more
Canola crushers running at full steam
ICE weekly outlook: Canola stuck in downward trend
CNS Canada — A downward trend in oilseed markets is likely to weigh on canola, one analyst says, as year-end trading has already scaled back prices. Since last week, ICE Futures Canada canola has lost $5.10 per tonne in its March contract, closing Wednesday at $503.60. “The big issue is we’ve got some year-end factors […] Read more
Grain elevators reporting spike in heated canola
More heated canola is being reported so producers should check for heated seeds by coring bins or transferring their grain to another bin
Reading Time: 3 minutes Growers, check your bins — grain terminals across Alberta have reported a spike in heated canola, and your cereals may be in danger as well. “I did a sample of canola two or three weeks ago and it already had four per cent of heated in it, and canola can deteriorate very quickly,” Larry Michta […] Read more
Canola contestant reaps 81 bushels an acre
Reading Time: < 1 minute Alberta producers finished one-two-three in this year’s ‘Canola 100’ competition. The contest encourages producers to target 100-bushel-an-acre canola and is meant to “inspire farmers towards greater innovation.” Mike Nelson of Wetaskiwin averaged 81.43 bushels an acre followed by Merle Klassen of Linden (76.63 bu/ac) and Curtis Harrish of Calmar (74.52 bu/ac). Sixteen fields (the minimum […] Read more
ICE weekly outlook: Canola chops around waiting for New Year
CNS Canada –– ICE Futures Canada canola contracts chopped around major support during the week ended Wednesday, as steady demand was countered by large supplies of oilseeds. Most traders rolled out of the January contract and into March, a move evidenced by the massive volumes on Monday and Tuesday. “People holding contracts may get nervous; […] Read more
Canadian canola exports picking up
CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more
ICE weekly outlook: Canola to notch lower in holiday trade
CNS Canada –– ICE Futures Canada canola contracts are likely to edge lower, short-term, in sluggish holiday trading. “It’s just kind of a quieter time of year for fundamental news, so you’re just kind of taking direction from outside markets,” said Jon Driedger of FarmLink Marketing Solutions. Canola prices will likely see pressure moving into […] Read more
Deadline extended for cash advances
Applications will be accepted until March 2017
Reading Time: < 1 minute Farmers unable to harvest their 2016 crops may be eligible for a cash advance under a revised application deadline. The Canadian Canola Growers Association will accept new seeded cash advance applications until March 2017. “This deadline change applies equally to farmers already enrolled in the 2016 program, as well as those who are applying for […] Read more
ICE weekly outlook: ‘Toppy’ canola could still go higher
CNS Canada — Canola futures have trended higher in the most active nearby contracts in recent weeks, but still remain underpriced compared to soybeans. From a chart perspective, ICE Futures Canada’s January contract is trading at the highest levels for the front month in two and a half years. However, while “the charts may be […] Read more
Focus on quality, not quantity following StatsCan report
CNS Canada –– This year’s Canadian wheat production was up considerably from last year, according to updated estimates from Statistics Canada — but the quality of that crop remains questionable. All-wheat production (spring, winter and durum wheat combined) was pegged at 31.7 million tonnes in 2016-17, which compares with 27.6 million in 2015-16. Of that […] Read more