Reading Time: 2 minutes China’s near-total ban on Canadian canola seed dominated the news cycle in the past year. “The biggest challenge we faced through 2019 was the blockage of canola seed shipments to China,” said Jim Everson, president of Canola Council of Canada. “China is, of course, a very significant market for canola seed, oil, and meal, but […] Read more
The Year That Was: China punishes Prairie farmers
For crop growers, China’s canola seed ban was the big news story of 2019
The Year That Was: Clubroot continued its deadly march in 2019
The disease didn't make the headlines in 2019 but its assault on Alberta continued
Reading Time: 5 minutes The rapid spread of clubroot in the last decade will continue in the coming one if canola growers don’t start to get ahead of the disease. “The resistance is being overcome already, and some of those cases are pretty significant and serious infestations,” said Dan Orchard, agronomy specialist with the Canola Council of Canada. “In […] Read more
ICE weekly outlook: Canola could break out of range
MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more
Canadian canola crush up 8.5 per cent on year-to-date
MarketsFarm – Canada’s canola crush is running well ahead of the year ago pace, according to the latest data from Statistics Canada. Four months into the 2019/20 marketing year, which began Aug. 1, more than 3.3 million tonnes of canola have been crushed, according to the report released Dec. 19. That’s a jump of 8.5 […] Read more
ICE weekly outlook: Canola gives back gains at midweek
MarketsFarm — Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity concentrated in the January/March contracts. Spreading accounted for 124,790 contracts traded, which is about 86 per cent of the activity. Keith Ferley of RBC Dominion […] Read more
Visible canola supplies largest in three years
MarketsFarm — Solid farmer deliveries into the commercial pipeline saw visible Canadian canola supplies hit their highest level in three years, according to the latest Canadian Grain Commission (CGC) data for the week ended Sunday. Total visible supplies of the oilseed came in at 1.584 million tonnes, which was the highest of the marketing year-to-date […] Read more
ICE weekly outlook: Canola values could fall further
MarketsFarm — Although canola has continued to be rangebound, one analyst believes prices are due for a downward shift toward the low end of the spectrum. “Gravity is going to pull it back down to the low end of the range, and $10-$15 [per tonne] wouldn’t be surprising,” said David Derwin, an analyst with PI […] Read more
Another 10 bushels an acre of canola? It’s doable, says expert
It’s ‘a big challenge’ but achieving an average of 52 bushels an acre can be done, says Clint Jurke
Reading Time: 5 minutes Six down and 10 to go. If producers are going to hit the Canola Council of Canada’s goal of achieving 52 bushels per acre, they’re going to have to change their management approach, says the organization’s agronomy director. But it can be done, said Clint Jurke. “When we launched this 52-bushel plan four years ago, […] Read more
ICE weekly outlook: Canola steady, awaits news
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more
Consider carrying costs when marketing canola
The current futures market is in a strong carrying charge situation, says analyst
Reading Time: 3 minutes With a large canola carry-over and the uncertain China situation, producers need to consider carrying costs when marketing the crop, says a provincial crop market analyst Given the large inventory and currently restricted demand, the canola futures market is in a strong carrying charge situation, said Neil Blue. The futures market is priced significantly higher […] Read more