CNS Canada — ICE Futures Canada canola contracts drifted lower during the week ended Wednesday, but are still holding up rather well compared to the U.S. soy complex. “Canola is very sturdy,” said Ken Ball of PI Financial in Winnipeg, noting the Canadian oilseed has gained about $55 per tonne relative to the U.S. markets […] Read more
ICE weekly outlook: Canola sturdy, but watching beans
Canola crush margins continue downward slide
CNS Canada — Canola crush margins have continued their downward slide, falling to their lowest levels in 10 months over the past week. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $86 above the March contract, which compares with levels a month ago of roughly $126. Crush […] Read more
ICE weekly outlook: Canola runs into headwind
CNS Canada — ICE Futures Canada canola contracts are running into major upside resistance from a chart standpoint, with a turn lower more likely than additional gains in the near term. “The demand component for canola remains quite strong, although domestic crush margins have diminished,” said Mike Jubinville of ProFarmer Canada. Soyoil futures at the […] Read more
ICE weekly outlook: Canola holds firm before USDA report
CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more
You’ve got blackleg in your fields — whether you know it or not
Blackleg was confirmed in 90 per cent of Alberta fields last year and is likely in every field, says expert
Reading Time: 3 minutes You probably already have blackleg in your field. But you just don’t know it. “When we did our survey in 2016, we found blackleg in almost 90 per cent of the fields we looked at,” said Mike Harding, research scientist in plant pathology with Alberta Agriculture and Forestry. “If we looked harder, we probably could […] Read more
StatsCan canola stocks in line with expectations
CNS Canada –– Canadian canola stocks may be tighter than a year ago and wheat stocks larger — but the updated numbers from Statistics Canada may also need more asterisks than normal. StatsCan, in a report released Friday, pegged Canadian canola supplies as of Dec. 31 at 12.159 million tonnes, down from 13.452 million at […] Read more
ICE weekly outlook: Canola pointed lower
CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
Snowed-in canola samples wanted
Reading Time: < 1 minute The Canadian Grain Commission needs samples of late-harvested or overwintered canola. The impact of snow on canola quality has not been studied and the commission wants to assess the impact of snowed-in and overwintered canola on the quality of the 2016 crop and assess its end-use functionality. This research will help ensure the Canadian canola […] Read more
Anonymous midge appears in Prairie canola
Canola crops in northeastern Saskatchewan and east-central Alberta have run up against a potential pest problem so new it doesn’t yet have a name. Researchers with Agriculture and Agri-Food Canada, the University of Guelph and the Canadian Food Inspection Agency have reported a new species of midge damaging canola crops in those areas. The species […] Read more
They’re crushing it! And that’s a good thing
Canola crushers are enjoying hefty margins, but that’s actually good news for farmers — especially given the poor-quality crop
Reading Time: 3 minutes Poor conditions at harvest have been good for Western Canada’s crushers, which are soaking up canola that would otherwise be hard to market. Weekly canola crush levels hit a record high of just over 200,000 tonnes the first week in January for the second time ever. While crush levels dipped the following week, the total […] Read more