Reading Time: < 1 minute It was a year when breaking the rules paid off for canola producers. Seeding deep and seeding late frequently produced better results than seeding early and shallow, which is rarely the case. And reseeding paid off, too. “There were a lot of things that worked this year that I hope you don’t do next year,” […] Read more
It was a year like no other for canola crops
ICE weekly outlook: Canola seesaws with StatsCan report
CNS Canada — ICE Futures Canada canola contracts posted modest losses for the week ended Wednesday, with the January contract falling slightly below the key technical benchmark of $470 per tonne. Still, at least one analyst said he thinks canola is well positioned to climb higher. A bearish Statistics Canada report on Friday pegged canola […] Read more
Canola crush margins hit best levels in months
CNS Canada –– Canola crush margins have improved considerably over the past few weeks, hitting levels not seen in over six months, as vegetable oil prices rose and the Canadian dollar dropped. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates […] Read more
ICE weekly outlook: Canola watching currency markets
CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, but further gains may be hard to come by without more support from the currency markets. “We’ve been held up here by the weaker Canadian dollar,” said Jerry Klassen, manager of the Canadian office for Swiss-based GAP S.A. Grains and […] Read more
U.S. EPA finalizes 2016 renewables target at 18.1B gallons
New York | Reuters — The U.S. Environmental Protection Agency wants energy companies to blend 18.1 billion gallons (68.5 billion litres) of biofuels into the nation’s fuel supply next year, more than in a proposal laid out in May, it said in announcing final rules on renewables use for 2014-16 on Monday. The EPA’s long-awaited […] Read more
ICE weekly outlook: Canola rangebound amid bearish tone
CNS Canada –– ICE Futures Canada canola contracts eked out minor gains for the week ended Wednesday. The increase, however minimal, may have come as welcome relief to a market caught in the grip of large global oilseed supplies for several weeks. “Canola will hang in here until there is a bullish sentiment that can […] Read more
ICE weekly outlook: Nearby canola trending lower
CNS Canada –– ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the nearby January contract hitting its weakest levels in two months, but the more deferred positions seeing some relative strength as the intermonth spreads saw some adjustment. Traders increased their net short positions in the front month from about […] Read more
ICE weekly outlook: Canola drops below range
CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January […] Read more
New canola variety a milestone in the battle against clubroot
Double resistance a big step forward, but clubroot strains are quickly multiplying
Reading Time: 3 minutes A new canola variety resistant to multiple strains of clubroot will hit the market in time for spring seeding. But the new variety from Crop Production Services will only be available in limited quantities and a clubroot expert says growers can’t expect it to be “a saviour.” CPS Canada says the variety, Proven Seed PV […] Read more
ICE Canada Weekly Outlook: Canola Stuck In Sideways Range
Winnipeg/Commodity News Service Canada – ICE Futures Canada canola contracts moved higher during the week ended November 4, bouncing off of nearby support levels. However, the market remains range-bound overall with little to indicate a break outside of that range. “These are just choppy markets,” said Ken Ball, of PI Financial in Winnipeg pointing to […] Read more