CNS Canada — ICE Futures Canada canola contracts continue to chop around within a fairly tight range, but that could all change in the next few days as stocks data for North American oilseeds are due to be released. The U.S. Department of Agriculture is set to release its May supply and demand report on […] Read more
ICE weekly outlook: Canola waits on stocks data
Exchange’s move means ‘zero change’ on canola traders’ screens
CNS Canada — Traders who handle canola futures on the former Winnipeg Commodity Exchange see some question marks ahead as the canola futures market gets set to pack up and move to New York at the end of July, pending regulatory approval. Atlanta-based Intercontinental Exchange (ICE), which has owned Winnipeg’s ICE Futures Canada canola market […] Read more
ICE to move canola trade to U.S. exchange
The business of trading and clearing canola futures is poised to leave Winnipeg for New York City this summer. Atlanta-based Intercontinental Exchange (ICE), the operator of canola exchange ICE Futures Canada, announced Tuesday it will be “transitioning” the trading and clearing of canola contracts to New York-based ICE Futures U.S. and ICE Clear U.S. ICE […] Read more
ICE weekly outlook: Canola ‘stuck in neutral’
CNS Canada — ICE Futures Canada canola contracts are lacking any clear direction at the beginning of May, and may stay rangebound through the seeding period. “Canola is stuck in neutral,” said Wayne Palmer, senior market analyst with Agri-Trend Marketing. “We’re at that stage where it’s rangebound, waiting for news, and watching the weather across […] Read more
Key source of clubroot resistance goes AWOL
‘Grandparent’ can defeat new mutated clubroot strains but somehow it doesn’t get passed down
Reading Time: 3 minutes The ‘grandparent’ of clubroot resistance in most Canadian canola varieties is resistant to new virulent strains of clubroot — but its offspring aren’t. “It’s possible that, in the course of breeding, some of the resistant genes were lost,” said provincial research scientist Rudolph Fredua-Agyeman. European clubroot differential (ECD) 04 is a key source of clubroot […] Read more
Building a stronger wall to keep out clubroot
New research finds resistant canola varieties are better at strengthening cell walls in their roots
Reading Time: 2 minutes Researchers want to build a better wall — at a cellular level — to thwart clubroot. Of the dozens of canola varieties, only eight have resistance to the fungus-like pathogen and all of them are now showing signs of losing resistance, said Gary Peng, a plant pathologist at Agriculture and Agri-Food Canada’s research centre in Saskatoon. […] Read more
ICE weekly outlook: Canola awaits acreage report
CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday’s close. Prairie farmers on Friday will […] Read more
A mediocre approach won’t cut it when growing canola
When you’re spending upwards of $400 an acre to grow this crop, yield-robbing mistakes are painful
Reading Time: 5 minutes With pulses slamming into India’s tariff wall, it’s not surprising many producers are thinking about more canola this year. However, even experienced canola growers can trip up with the small-seed crop. The biggest obstacles are a high failure to make a plant, its slowness to establish, and seed cost, said Greg Sekulic, a Canola Council […] Read more
ICE weekly outlook: Sturdy canola watching weather
CNS Canada — Canola futures are trading at roughly the same level they were a month ago, but the commodity is looking much more expensive from an end-user’s perspective, as crush margins have lost about $25 per tonne since the middle of March. “The Canadian dollar has been going up and bean oil is making […] Read more
ICE weekly outlook: Canola backs away from lofty heights
CNS Canada — It was a busy week for canola contracts on ICE Futures Canada as the most-active July contract rocked and rolled between $530 and $540 per tonne before settling Wednesday at the $528 mark. The last time the dominant canola contract was above the $535 mark was in November last year. Commercial interest, […] Read more