Reading Time: 3 minutes The Canola Council of Canada is encouraging farmers to hold off on harvesting canola so yield improves. Research in the early 2000s showed that canola swathed at 60-70 per cent seed colour change (SCC) yielded 11 per cent more than fields swathed at 30-40 per cent. That research was reinforced in 2013, when the Indian […] Read more
Don’t be too hasty to harvest your canola
Canola Council launches campaign to persuade farmers of the benefits of patience
ICE weekly outlook: Time gap too large in StatCan report
Canola's potential yields shrank in meantime
MarketsFarm — There has been about a one-month gap in between Statistics Canada having gathered its data for next week’s principal crops report and actually releasing the report. That’s something trader Ken Ball of PI Financial in Winnipeg finds irksome. “They’re using computer models of some kind. You would think they could get this out […] Read more
ICE weekly outlook: Canola could take a nosedive
'I think (farmers) are undersold'
MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more
ICE weekly outlook: Late canola crop hinges on weather
MarketsFarm — The ICE Futures canola market held within a narrow range during the week ended Wednesday, with weather conditions heading into harvest likely to dictate the eventual price direction over the next few weeks. “The key right now is the late state of the crop,” said Errol Anderson of ProMarket Communications in Calgary, noting […] 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
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
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
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