CNS Canada — With the 2015-16 growing season fast approaching in Western Canada, decisions on how many acres will be seeded to canola remain up in the air. “I think a lot of people aren’t getting a lot of feedback from growers, as they haven’t really indicated a lot of big changes in acres,” said […] Read more
Decisions on new-crop canola acres still pending
ICE weekly outlook: Canola’s trading range moving higher
CNS Canada — The ICE Futures Canada canola market was stronger during the week ended Wednesday, and is expected to stay in a higher trading range going forward. “For the front month May, C$448 per tonne is the support area. And right now we’re more than $20 above that,” said Errol Anderson of ProMarket Communications […] Read more
Canola crush margins still solid near $100
CNS Canada — Canola contracts on the ICE Futures Canada platform have traded within a wide range over the past month, but crush margins continue to hover around the $100 mark. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also […] Read more
North Dakota canola acreage set to increase
CNS Canada –– Canola acreage in North Dakota is expected to increase slightly in 2015, as it offers many benefits for farmers in the state, industry officials say. “We’ve been projecting canola acres all along to go up from 1.2 million to maybe 1.3 million in North Dakota this year,” said Barry Coleman, executive director […] Read more
ICE weekly outlook: Canola testing major support
CNS Canada — ICE Futures Canada canola contracts were lower for the week ended Wednesday, as continued losses in soybeans, and technical factors, weighed on canola values. The spillover weakness from soybeans was pronounced, according to analyst Wayne Palmer of Agri-Trend Marketing in Winnipeg, who noted beans were 40 cents off their nearby highs. The […] Read more
Canola and barley markets offer opportunities in a time of low crop prices
Fundamentals favourable for canola and barley but not other grains and oilseeds, says commodity strategist Moe Agostino
Reading Time: 2 minutes In a time of flat or falling prices, canola and barley offer a little ray of hope, according to Moe Agostino, chief commodity strategist with Farms.com Risk Management. Tight supply is positive for canola, but the key is strong demand fuelled by the plunge in the Canadian dollar, Agostino told a packed room at FarmTech. […] Read more
Trade panel rejects Que. appeal on edible oil products
Quebec has lost its last path of appeal against an interprovincial trade panel’s decision on restrictions for sales of vegetable oil-based dairy products in the province. An appellate panel, convened under the Agreement on Internal Trade (AIT), on Wednesday released a Jan. 26 report which upholds an AIT panel’s ruling last spring, favouring Saskatchewan’s challenge against Quebec’s […] Read more
ICE weekly outlook: Canola runs into resistance
CNS Canada — ICE Futures Canada canola contracts hit their highest levels in seven months during the week ended Wednesday, but ran into resistance to the upside and posted small losses in most months on a week-by-week basis. The nearby March contract was down sharply on the week, as traders exited the front month and […] Read more
ADM cuts biodiesel output as industry hit by weak margins
Winnipeg/New York | Reuters — Archer Daniels Midland , one of the world’s top biofuels producers, has slowed North American biodiesel output, the latest sign the industry is battling uncertainty over U.S. renewable fuel policy while the oil rout curbs demand. The Chicago-based agri business has “temporarily” shifted production at its Velva, N.D. oilseeds processing […] Read more
New canola variety offers middle-of-the-road protection against new strain of clubroot
A new canola variety from Canterra Seeds with ‘intermediate resistance’ to a new strain of clubroot will be available in limited amounts this growing season
Reading Time: 2 minutes A new canola variety has shown some promising resistance to a new strain of clubroot that was found near Edmonton in 2013 and has since spread to nearly 30 fields. But it won’t offer true resistance, says a plant pathologist from the University of Alberta. “This variety had very, very strong resistance to the pathotypes […] Read more