CNS Canada –– ICE Futures Canada’s canola futures moved independently higher during the week ended Wednesday, ignoring weakness in the Chicago soybean market. The generally tight supply situation for canola, a weak Canadian dollar and worries about dry conditions damaging some crops in Western Canada underpinned canola. Dry conditions in parts of the western Prairies […] Read more
ICE weekly outlook: Weather to make or break canola market
Canola crush margins deteriorating
CNS Canada — Canadian canola crush margins continue to drift lower and currently find themselves at some of their worst levels in over a year. Declining demand for canola oil, together with the fact that a lack of farmer selling is forcing processors to pay up to bring in canola seed, was behind some of […] Read more
ICE weekly outlook: Canola bias points higher
CNS Canada –– ICE Futures Canada canola contracts stayed mostly rangebound during the week ended Wednesday, before finishing $4 per tonne higher. “Funds are putting a long position on,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The most-frequently-traded July contract tested the $460 per tonne mark before backing off at the end of the […] Read more
Study finds Manitoba ready for soy crushing
The rise of soybeans as a cash crop in and around Manitoba, and the availability of hogs to dine on soy meal, could support Western Canada’s first-ever soybean crushing plant, a new study finds. The feasibility study, run by Winnipeg-based Mercantile Venture Consulting and backed by the federal and Manitoba governments, shows a Manitoba crushing […] Read more
ICE weekly outlook: Canola watching weather
CNS Canada –– ICE Futures Canada canola contracts held rangebound during the week ended Wednesday, with small losses in the front months and gains in the more deferred positions. While activity remains somewhat subdued for the time being, any future moves will be highly dependent on weather conditions heading into the growing season. “The markets […] Read more
Canola program stacks genes against new clubroot
Rather than send out a canola variety with a single source of resistance against clubroot — especially the disease’s most recent pathotype — Agrium’s CPS division has stacked several sources into the new hybrids it’s sending for testing this summer. Crop Production Services on Monday announced its “next generation” of Argentine canola hybrids shows “high […] Read more
Clubroots beating all resistant canolas across Alta.
A study of 27 canola fields across Alberta has found 16 infected with clubroot pathotypes able to cause “high levels” of the disease — in canola plants with clubroot-resistant genetics. What’s more, the clubroot pathogen isolated from “many” of the infected fields in the study was virulent on all clubroot-resistant canola cultivars, the Canola Council of Canada […] Read more
ICE weekly outlook: Canola to divorce from CBOT soy complex
CNS Canada — The ICE Futures Canada canola market was up sharply during the week ended Wednesday, following a rally in outside oilseed futures. Chicago soyoil futures led the way higher for oilseeds during the week, with some rumours of fresh export demand for U.S. soyoil floating around. Canola traders, however, are likely to shift […] Read more
Canola growers get grim warning on clubroot threat
No varieties have strong resistance to new pathotypes, longer rotations are ‘the best management option left’
Reading Time: 2 minutes The Alberta Canola Producers Commission is urging producers to step up their efforts to contain clubroot in the province. “Since new data indicates some forms of clubroot resistance are no longer functioning well against new clubroot pathotypes in some of the heavily infested fields, we encourage you to consider a comprehensive management plan that includes all […] Read more
Small canola acreage puts more emphasis on March 31 stocks
CNS Canada –– The canola industry will pay closer attention than usual to the upcoming Statistics Canada report on stocks as of March 31, as a smaller canola acreage figure is causing worries about tight supplies going forward. StatsCan is scheduled to release its report on Wednesday. “Because of that tighter acreage, the stocks number […] Read more