Reuters — Canadian farmers seeded less canola and more wheat compared with last year, but they shifted their plans from earlier this spring to sow more land with canola. Canola plantings reached 22.7 million acres, shy of last year’s 23 million, but exceeding the average trade guess of 22.4 million acres. In spring, Statscan estimated […] Read more
StatsCan: Canola area narrows, wheat sowings expand
ICE weekly outlook: Market watching weather, acres, trade
CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide some nearby direction. The U.S. […] Read more
ICE weekly outlook: Canola seeks rain amid market turmoil
CNS Canada — The ICE Futures Canada canola market faces a slew of uncertainty as political turmoil in international trade markets and a looming report from Statistics Canada keeps traders guessing where the market is headed. “The craziness of the White House is the main focus. How will it affect the markets?” said Keith Ferley […] Read more
Consider canola crop’s potential yield before spraying
As July approaches and crop canopies close, sclerotinia will be on the minds of many canola growers. But will it pay to spray? Fungicide applications are more likely to be profitable when the canola hits 30-40 bushels per acre, said Colleen Redlick, senior technical development specialist at BASF. Justine Cornelsen, agronomy specialist with the Canola […] Read more
Canola crush margins deteriorate
CNS Canada — Canola crush margins have deteriorated over the past few months to hit some of their weakest levels of the past two years. However, domestic processors continue to show good demand despite their declining profit margins. As of Monday, the Canola Board Crush Margin calculated by ICE Futures Canada was about $44 above […] Read more
ICE weekly outlook: Canola facing uncertainty
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more
They haven’t struck oil — and that’s a good thing for canola growers
A new high-protein canola aimed at the feed market could increase farmer returns
Reading Time: 3 minutes Canola meal could soon give soymeal a run for its money in international feed markets, thanks to a new high-protein canola variety coming down the pipe. “This is a positive for the whole industry,” said Ward Toma, general manager of Alberta Canola. “It increases the value of the secondary product — the meal — and […] Read more
Canola technicals turn bearish
CNS Canada — ICE Futures Canada canola contracts settled at their weakest levels in nearly three months on Thursday, with more room to the downside as the technical bias has shifted lower. After hitting contract highs within the past two weeks, the canola market has found itself in a steady downtrend. The nearby July contract […] Read more
ICE weekly outlook: Canola braces for turbulence
CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
Understanding canola-resistance labels
Reading Time: < 1 minute A new document called “Understanding Blackleg Resistance” that explains blackleg-resistance genes and two-part labels will help growers identify which resistance groups may be best suited for the current pathogen population in their fields. Read more: Canola producers get two new tools in the fight against blackleg A two-part label will first list the overall resistance: R […] Read more