Reading Time: 4 minutes Most farms don’t do even one yearly soil nutrient test per field, but maybe they should be doing three. Three tests would enhance farmer understanding of in-field variability in a way that one test cannot. Soil tests that demonstrate the variability of field conditions might prompt producers to adopt a three-test approach. According to Fertilizer […] Read more
The benefits of multiple soil tests
Selecting test sites for the least common denominator could waste opportunities
ICE weekly outlook: Falling canola market seeks support
Canola seen as 'fairly cheap' but not attracting interest
MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The oilseeds are very swingy and […] Read more
Fund short position hits new record in ICE canola
Traders return to net long on soybeans
MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the […] Read more
More acres expected for soybeans, canola, Rabobank says
RaboResearch arm sees Canada's exporters 'struggling' with margins
MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar, […] Read more
ICE weekly outlook: Canola pulling lower
Futures subject to 'financial gravity'
MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s […] Read more
Keeping grains safe when in storage
Reading Time: < 1 minute Storage considerations must be top of mind as a variable crop is harvested in Alberta. Grain temperature and moisture are two key factors for safe grain storage. If one or both are not properly managed, the risk of spoiled grain can increase significantly. To help prevent spoilage, the Canadian Grain Commission has developed storage charts […] Read more
Little change in AAFC’s October supply/demand outlook
Canola, wheat, pea carryout estimates unchanged
MarketsFarm — Supply/demand estimates for Canadian grains and oilseeds saw little change in the latest outlook for principal field crops from Agriculture and Agri-Food Canada (AAFC) released Monday. Canola ending stocks for 2023-24 were left unchanged at one million tonnes, which compares with the 2022-23 level of 1.506 million tonnes. Canadian canola exports in 2023-24 […] Read more
Managed money adding to net short positions in canola
Canola at biggest net short position in months
MarketsFarm — Managed money fund traders remain bearish canola, growing the net short position in the ICE Futures market to the second largest level of the past year, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 17, the net managed money short position in […] Read more
Cut clubroot off at the pass by thinking ahead
Resistant varieties not enough to tackle this disease of canola
Reading Time: 4 minutes Resistant canola varieties have played a major role in the war on clubroot but they are not enough on their own, say agronomists. An effective fight against the soil-borne, canola-targeting disease requires several solutions and fall is the time to think about them. “Because clubroot is such a complex disease, it’s really important that we […] Read more
ICE weekly outlook: Upside seen for canola prices
'Aggressive manipulation' seen as a factor
MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more
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