Reading Time: 3 minutes Planting canola is expensive. Some estimates are as high as $450,000 per 1,000 acres, not including land and equipment costs. So imagine the concerns of many farmers this spring when they encountered slow emergence with some canola hybrids. The most expensive crop ever planted threatened to crush the dreams of farmers eager for a comeback […] Read more
Slow canola emergence: farmers call for standardized vigour testing
Dozens of farmers took to social media this spring to voice concern over alleged slowly emerging canola, but as harvest approaches, so far there are no answers
It’s good to be green — canola cleared under new ‘clean fuel’ regulations
Canola sector fought hard for rules that wouldn’t tie growers in red tape
Reading Time: 4 minutes Farmers are closer to having a major new canola market — large-scale biofuel production — following the release of federal Clean Fuel Regulations intended to reduce greenhouse gas emissions. The regulations indicate prairie growers have finally made the cut after years of negotiations between canola industry representatives and government. Canola is now fully accepted as […] Read more
ICE weekly outlook: Weather at forefront for canola futures
MarketsFarm – Canola contracts on the ICE Futures platform saw some large moves over the past week, initially moving higher in sympathy with the United States soy complex before taking back most of those gains as both markets reacted to shifting weather forecasts. Showers continue to pop up across the U.S. Midwest, despite the longer-range […] Read more
ICE weekly outlook: Upticks during a downturn not unusual
MarketsFarm – As prices fall back, an analyst said it’s very common for there to be occasional spike upwards, and that’s exactly what’s been happening to canola. “We’ve come down a long way and having a bit of a rally wouldn’t be unusual,” commented analyst David Derwin of PI Financial in Winnipeg, Man. “After we […] Read more
Speculative net short position grows in canola
MarketsFarm — The speculative net short position in ICE Futures canola grew during the week ended Tuesday, as fund traders liquidated long positions and opened some new shorts, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures […] Read more
ICE weekly outlook: Benign weather weighs on canola
MarketsFarm — ICE Futures canola contracts were seeing choppy activity in mid-July but were under pressure overall, closing at their weakest levels in six months on Wednesday. Relatively favourable Prairie weather, speculative long-liquidation, and pressure from outside markets all weighed on values with more losses likely if no weather concerns develop. “The weather looks fairly […] Read more
Large bins may be too large when it comes to drying canola
Bins hold a lot more these days, and that makes it challenging to push air through small seeds like canola
Reading Time: 3 minutes When is a grain bin too big to allow for proper drying? When it comes to canola, leading researchers may now have an idea. The Prairie Agriculture Machinery Institute (PAMI) found that commonly used conditioning fans stall when canola is piled too high in a tall grain bin. Adding an extra fan in parallel didn’t […] Read more
ICE weekly outlook: Don’t bank on canola prices jumping higher
MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more
Canola funds’ position shifts to net short
MarketsFarm — Speculative fund money in ICE Futures canola shifted to a net short position for the first time in two years, according to the latest Commitment of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 677 contracts […] Read more
Alberta Canola director spots filled
Reading Time: < 1 minute Christine McKee of Stirling, and Alan Hampton of Rowley have been appointed as Alberta Canola directors. McKee replaces Kevin Serfas in Region 9 while Hampton replaces Holly White in Region 12. No candidates in either region put their name forward during elections last fall and neither did anyone at the organization’s annual general meeting. Appointing […] Read more
Cyber-Savvy Farmer
