Reading Time: < 1 minute Both new and familiar faces make up Alberta Canola Producers Commission’s new board of directors. The board — elected at the organization’s 34th annual general meeting — includes re-elected chair Roger Chevraux of Killam. Charles Simoneau of Guy will replace long-serving board member Ian Chitwood of Airdrie as vice-chair. Jeff Frost of Olds — a […] Read more
Alberta Canola elects new board
Roger Chevraux of Killam re-elected as chair
ICE Canada weekly outlook: Canola continues to be bearish
Keep close eye on upcoming stocks as of Dec. 31 Stat Can report, says analyst
Despite farmer selling there remained little doubt that the canola market was bearish during the week ended Jan. 31, according to analyst Jerry Klassen of Resilient Commodity Analysis in Winnipeg.
Prepping for the 2024 canola crop
Planning for crop stresses now will set growers up for success when it is time to act: agronomists
Reading Time: 5 minutes Glacier FarmMedia – Winter isn’t exactly prime time to scout for insects, diseases and weeds, but last year’s pests may provide a baseline to help prepare for the next canola crop, agronomists say. “Review the challenges you had last year and have a plan in place as to how you’re going to handle them this […] Read more
Canola market hasn’t hit bottom yet
With low demand, the oilseed is expected to continue its downward trajectory
Reading Time: 2 minutes Canola prices have been falling steadily since reaching record highs in 2022, and according to agriculture markets analyst Brad Magnusson, they haven’t hit bottom yet. The CEO of Magnusson Consulting Group spoke to farmers at St. Jean Farm Days Jan. 10 in St. Jean Baptiste, Manitoba. “Demand is low,” he said, pointing to a graph […] Read more
Renewable diesel plans questioned
Conventional diesel is still cheaper than biodiesel: analyst
Reading Time: 3 minutes The renewable diesel math does not add up, according to one economist. Excitement around biofuels has been high in both Canada and the U.S., with organizations like the Canola Council of Canada flagging the fledgling market as a potential major driver of demand in coming years. Biofuels “seem to be taking the front-and-centre space for […] Read more
Record large short position grows in canola
CBOT net short position on soybeans more than doubled
The record large net short position in ICE Futures canola continued to rise in mid-January, as fund traders put on more bearish bets and liquidated long positions, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Carbon intensity is ‘game changer’
To stay competitive, canola will have to improve its score
Reading Time: 4 minutes Glacier FarmMedia – Bob Larocque had one takeaway from his presentation at Canola Week 2023. “Remember carbon intensity because that’s the game changer,” said the president of the Canadian Fuels Association. That factor will help determine the value of canola when large volumes of the crop are being consumed by the renewable diesel sector. His […] Read more
ICE weekly outlook: Virtually no upside for canola
Forthcoming South American soybean harvest a bearish influence
With 2024 well underway, canola has very little reason to get excited, according to analyst Wayne Palmer of Exceed Grain in Winnipeg.
Speculative short position hits new record in canola
Soybeans hit largest net short position since March 2020
Speculators were back adding to their large net short position in canola to start 2024, taking the bearish bet to a new record, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
How to safely check your grain bins for spoilage
Reading Time: < 1 minute The Canola Council of Canada has had reports of canola spoilage. There are three main ways to check grain bins and prevent it. Be careful and consider safety when climbing bins to probe grain and use appropriate safety equipment such as a harness.
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