ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more
ICE weekly outlook: More losses likely for soft canola
Input Capital to consider company sale, merger, cannabis
Possible options including a sale, merger or moving into the cannabis business are now on the table for “commodity streaming” canola firm Input Capital Corp. Regina-based Input, which trades publicly on the TSX Venture Exchange, announced Wednesday its board has launched a “comprehensive review of strategic alternatives to enhance shareholder value.” The review, which will […] Read more
Flea beetles: more species, more territory
Control options include seed treatment, seeding early and a higher seeding rate
Reading Time: 3 minutes They have been a voracious pest in canola for many years, but their pattern of infestation is changing. “Flea beetles can be a huge economic problem; pervasive and unpredictable,” Jennifer Otani, a pest management biologist at Agriculture and Agri-Food Canada, Beaverlodge said during a session at FarmTech. Adult flea beetles can move in and out […] Read more
DowDuPont’s Corteva arm buys Clearfield canola system
On the market since last summer, BASF’s herbicide-tolerant, non-GMO Clearfield canola business in Canada and the U.S. has landed at the door of Corteva Agriscience. Corteva, the merged seed and chemical business of Dow and DuPont, announced Wednesday it has closed a deal to buy the Clearfield system, including its herbicide-tolerant canola trait and related […] Read more
ICE weekly outlook: Oversold canola still fundamentally bearish
ICE canola futures are starting to look oversold after falling contract lows during the week ended Wednesday. While a short-term technical correction is possible, the underlying fundamentals remain bearish. “Canola might be a little bit short-term oversold,” said Ken Ball of PI Financial in Winnipeg. Signs that exports were perking up could also be supportive, […] Read more
Canola checkoff tax credit available
Reading Time: < 1 minute Canola growers who didn’t ask for a checkoff refund last year can get a tax credit for the portion used for qualifying research. The tax credit rate for Alberta canola producers in 2018 is 17.43 per cent. That means a grower who paid $100 in canola checkoffs would receive a $17.43 tax credit. The Scientific […] Read more
ICE weekly outlook: Canola grinding lower
ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more
Guelly and Serfas head Alberta Canola board
Reading Time: < 1 minute John Guelly from Westlock is the new chair of the Alberta Canola Producers Commission board and Turin producer Kevin Serfas is the new vice-chair. Joining the board are new directors Wayne Schneider of Nisku and Roger Chevraux of Killam. Schneider replaces outgoing chair Renn Breitkreuz in Region 6 while Chevraux succeeds Dale Uglem in Region […] Read more
ICE weekly outlook: Farmers advised to price some new crop
ICE Futures canola contracts held within a narrow trading range during the week ended Wednesday, as participants await fresh market-moving news. While the sideways trading range could persist in the near term, an analyst said new-crop futures were at decent levels and encouraged farmers to do some forward pricing. The November canola contract settled Wednesday […] Read more
French, German farmers destroy crops after GMOs found in Bayer seeds
Paris | Reuters — Bayer said on Wednesday that farmers in France and Germany were digging up thousands of hectares of rapeseed fields after traces of genetically modified organisms (GMOs) banned for cultivation were found in seeds sold by the company. GMO crops are widely grown across the world, but they remain controversial in Europe, […] Read more
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