Reading Time: 4 minutes Ottawa’s new “clean fuel” rules aren’t in place yet — much less new biodiesel plants — but going green will be a big win for canola growers, say industry officials. “We are excited about the opportunity because what drives the demand for feedstock is the ability of that feedstock to lower the carbon emissions of […] Read more
Going green could be golden for canola growers
Ottawa’s new ‘clean fuel’ rules could quadruple the amount of canola processed into biodiesel
ICE weekly outlook: Potential remains for higher canola prices
MarketsFarm — Canola prices fell back during the course of the last week, but should begin to move higher going into the coming week, according to trader Ken Ball of PI Financial in Winnipeg. Canola likely “reached the top” last week with profit-taking having set in, he said, noting a lot of money pours into […] Read more
Funds’ net long position edges lower in canola
Net long increased in MGEX and K.C. wheats
MarketsFarm — Funds’ large net long position in canola narrowed slightly during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed-money fund traders as of Tuesday were holding a net long position in ICE Futures canola of 51,614 contracts, down by about […] Read more
ICE weekly outlook: WASDE spillover boosts canola
Canola may soon become price-sensitive, analyst says
MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further reductions to ending stocks for […] Read more
As clubroot grows in strength, counties boost their defences
Six municipalities have banded together to boost surveillance and encourage farmers to be proactive
Reading Time: 4 minutes Six partnering municipalities in the northeast region have stepped up their clubroot monitoring and are running an enhanced clubroot surveillance program. “There’s a lot of presence of clubroot in the Edmonton region. There’s a lot more traffic in that area. That’s where it was first discovered and is prevalent,” said Hannah Musterer, agricultural services technician […] Read more
Using more canola for biofuels would be a ‘win win’
Canola Council of Canada backs the federal government’s plan to boost the use of green fuels
Reading Time: 2 minutes Part of the federal government’s plan to reduce greenhouse gas emissions is drawing qualified praise from the Canola Council of Canada. The organization says it “sees potential in the federal government’s proposed rules for the Clean Fuel Standard.” The measure is intended to “reduce the carbon intensity of the fuels” and one of those ways […] Read more
ICE weekly outlook: Rallying canola not at top yet
MarketsFarm — ICE Futures canola contracts continued to climb higher during the first few trading days of 2021 — and could still see more gains before the inevitable correction. “We’re not necessarily at the top,” said analyst Errol Anderson of Pro Market Communications in Calgary, adding “the market is going through intense demand rationing right […] Read more
ICE canola weekly outlook: Canola dips at midweek
MarketsFarm – ICE Futures canola contracts were weaker on Wednesday, sustaining contract prices around C$630 over the Christmas holidays. The nearby January contract closed at C$629.20 per tonne on Dec. 30, just a few pennies lower than its Dec. 23 close of C$630.90. Ken Ball of PI Financial in Winnipeg, Man., said canola prices will […] Read more
ICE weekly outlook: Canola, soybeans – keep an eye on South America
MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities in Winnipeg, Man., suggested there […] Read more
Canadian canola crush running strong
Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush […] Read more