CNS Canada — The ICE Futures Canada canola market remains in a steady uptrend from a chart standpoint, with the May contract posting gains Monday for the 11th straight session. However, the futures are getting very close to upper resistance. May canola settled Monday at $530.50 per tonne, after climbing by roughly $30 over the […] Read more
Canola nearing chart resistance
Tax credit for canola checkoffs
Reading Time: < 1 minute Alberta Canola is reminding its members that they can get a tax credit on a portion of the checkoffs they paid in 2017. The Scientific Research and Experimental Development tax credit allows canola growers to claim the portion of the checkoff used to fund qualifying research. “Farmers are funding research into finding solutions to agronomic […] Read more
ICE weekly outlook: Canola looking cheap despite gains
CNS Canada — ICE Futures Canada canola contracts may be on the rise, but the commodity is actually looking cheaper to end-users, which should keep values supported going forward. “Canola is getting pulled higher, it’s not going up on its own,” said Ken Ball of PI Financial in Winnipeg. Recent strength in Chicago Board of […] Read more
Canola exports slow down in latest weekly report
CNS Canada — Weekly Canadian canola exports were down during the week ended Sunday, hitting their lowest level since September 2017, according to the latest Canadian Grain Commission data. Canada exported only 129,000 tonnes of canola during the latest reporting period, which compares with the previous five-week average of 194,800 tonnes. Total canola exports during […] Read more
ICE weekly outlook: Canola rides soymeal wave higher
CNS Canada — ICE Futures Canada canola contracts rode the coattails of a surging soymeal market during the week ended Wednesday, but one big rain in Argentina could halt the rally in its tracks. “If there’s more rain in the forecast we will lose ground,” said Mike Jubinville of ProFarmer Canada. “The attitude is the […] Read more
ICE weekly outlook: Canola hits resistance
CNS Canada — ICE Futures Canada canola contracts moved higher over the past week, but may be running into resistance to the upside. “I’m sensing that canola is at the top end of the range,” said Errol Anderson of ProMarket Communications in Calgary, noting much of the recent strength was tied to advances in Chicago […] Read more
Early canola promoter Gordon Graham, 89
A memorial is to be held in June in Brandon for a Prairie farmer who helped lead the charge on adoption of rapeseed as a crop, as it morphed into today’s canola. Gordon Graham, who farmed near Newdale, Man., about 75 km north of Brandon, died Wednesday at age 89 in Cochrane, Alta. Graham, an […] Read more
ICE weekly outlook: Rain in Argentina could provide direction
CNS Canada — ICE Futures Canada canola contracts finally broke through the psychologically-important $500 per tonne mark during the week ended Wednesday. That could be a fleeting achievement, however, depending on the chances for rainfall in Argentina and the next U.S. Department of Agriculture report. “If rain comes, soybeans could go down to US$9.60 a […] Read more
Get the latest performance data on canola varieties
The results from the 2017 variety performance trials are now available on an online, searchable database
Reading Time: < 1 minute Canola Performance Trials results for 2017 are now available in an online searchable database at the Canola Performance Trials website. Canola growers can use this online tool to finalize seed decisions for the coming growing season. The performance trials compare leading canola varieties in small-plot and field-scale trials. Results can be filtered by province, season […] Read more
Richardson pullout roils canola sector
Alberta Canola backs council, saying its marketing efforts and agronomic support are key to canola’s success
Reading Time: 3 minutes Richardson International’s decision not to renew its membership means a big financial hit for the Canola Council of Canada, but it could have been even worse. According to several reliable sources, Viterra had planned to leave too, but changed course — possibly because of a big cut in membership fees. Losing Canada’s two biggest grain […] Read more