MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
ICE weekly outlook: Canola futures continue trending lower
MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
Candidates wanted for canola board
Reading Time: < 1 minute Nominations are open for four director positions on Alberta Canola’s board. Candidates don’t have to reside in a region to serve as a director but must have grown canola in it (or had a share of crop) and paid the canola checkoff. The four regions are regions 1 (the northwest corner of the province), 4 […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
Rising canola seed costs a familiar story
Reading Time: < 1 minute It’s no surprise to growers, but canola seed is getting more expensive every year. “Upward annual price change for canola seed has been an ongoing trend for some time,” Alberta Agriculture market analyst Ryan Furtas said in a recent Agri-News note. During the most recent September-May period, the average price for Roundup Ready canola rose […] Read more
Grants available for adopting 4R
Reading Time: < 1 minute The Canola Council of Canada has launched a new program, called the Canola 4R Advantage, that will offer up to $12,000 per farm for implementing 4R stewardship practices. The funding (from Ottawa’s On-Farm Climate Action Fund) will reimburse growers for up to 85 per cent of their costs in four areas: soil testing, enhanced efficiency […] Read more
Lime shows promise for controlling clubroot in canola
The lime works by neutralizing the highly acidic soil preferred by clubroot, reducing the likelihood of spore germination and plant infection
Reading Time: 2 minutes Treating soil with lime could help farmers curtail clubroot infections in canola, new University of Alberta research suggests. Spot-treating soil with the mineral reduced the overall occurrence and severity of the disease by 35 to 91 per cent, growth experiments showed. The finding, published in the Canadian Journal of Plant Pathology, could give farmers an […] Read more
Canada, China agree to suspend WTO canola dispute
Lifting of canola ban renders case moot
Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more
ICE weekly outlook: Crush margins guiding canola demand
MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins […] Read more
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