CNS Canada — Contracts on the ICE Futures canola market are bracing for turbulence in coming days as trade negotiations between Canada and the U.S. and a looming production report from Statistics Canada take centre stage. According to one analyst, these and other factors may play havoc with the Canadian dollar, which could send canola […] Read more
ICE weekly outlook: Canola set to chop around bottom end of long-term range
ICE weekly outlook: Canola futures brace for harvest pressure
CNS Canada — ICE Futures canola contracts continued to hang above the psychologically-important $500 per tonne mark during the week ended Wednesday, but the real test could be in the coming weeks as harvest kicks into full gear. The front-month November contract rose $2.10 during the week to $506.90 per bushel by Wednesday’s open. As […] Read more
Neonic phase-out may limit flea beetle control tools
CNS Canada — The phasing out of neonicotinoid seed treatments in Canada may cause problems for the country’s canola growers when dealing with flea beetles — but alternatives pesticides could fill the gap. Health Canada’s Pest Management Regulatory Agency (PMRA) is proposing that two neonicotinoid pesticides, clothianidin and thiamethoxam, be phased out over the next […] Read more
ICE weekly outlook: Canola watching soy ahead of harvest
CNS Canada — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, although the looming harvest and weakness in CBOT soybeans could weigh on values going forward. The November canola contract held above the psychological $500 per tonne level during the week, which should be providing decent opportunities for hedging, said commodities […] Read more
Got combine problems? Get the app
Reading Time: < 1 minute The Canola Council of Canada has a new smartphone tool for dealing with issues when combining. The combine optimization tool offers a step-by-step process to zero in on the issue (such as grain loss or grain sample quality) and then offers the adjustment options most likely to correct the issue. “In combine adjustments for all […] Read more
Prairie crop tour sees slightly bigger wheat, canola yields
Saskatoon | Reuters — Canadian farmers were on track to reap slightly larger wheat and canola yields, despite dry conditions and a wide discrepancy in growth rates, a crop tour estimated on Thursday. The inaugural Grain World crop tour, organized by FarmLink Marketing Solutions, toured the Prairie provinces on Tuesday and Wednesday. Moisture conditions vary […] Read more
ICE weekly outlook: Big crop keeps market under pressure
CNS Canada — ICE Futures Canada’s canola contracts were up and down during the week ended Wednesday, lacking any clear direction as values consolidated above the nine-month lows set the previous week. “Canola is a follower and does not have a mind of its own,” said analyst Wayne Palmer of Agri-Trend. The underlying fundamentals were […] Read more
Canola crushing steady
CNS Canada — Canada’s domestic canola crushing remains steady year over year. Statistics Canada data show 742,573 tonnes of canola seed crushed in June this year, which marks a slight rise from 731,124 in June 2017 and 702,716 in the same month of 2016. Domestic crushers processed 765,216 tonnes of seed in May of this […] Read more
Clubroot experts gather in Edmonton
Reading Time: < 1 minute A gathering of global clubroot experts will focus on creating a co-ordinated, cutting-edge approach to combating the soil-borne disease impacting canola growers. “With clubroot spreading across the Prairie provinces, varietal resistance breaking down and new pathotypes being identified, now is the time for a unified, collaborative approach to exchanging key insights and leading-edge ideas on […] Read more
ICE weekly outlook: Dry weather keeping canola from more downside
CNS Canada –– A lack of rain in Western Canada may be the only thing keeping canola futures prices from dropping much further than they have already. The dominant November contract was above $525 a tonne in late June, but has since fallen to the $490 mark as of Wednesday. Global trade disruptions and a […] Read more