MarketsFarm — Dry conditions in much of the Prairies this spring may leave seeding areas relatively unchanged ahead of Statistic Canada’s (StatCan) principal field crop report, due to be released Wednesday. It will be the second survey-based acreage report for the 2023-24 marketing year, after the first one was released in April. While growing conditions […] Read more

Analysts expect little change in new StatCan numbers
Weather was 'pretty conducive to plantings'

AAFC’s June supply/demand estimates mostly unchanged
Corn exports adjusted upward
MarketsFarm — Monthly supply/demand projections from Agriculture and Agri-Food Canada were left mostly unchanged in June, as the department awaits updated acreage estimates from Statistics Canada at the end of the month. Only corn saw any adjustments in the numbers from May, with a 200,000-tonne increase in 2022-23 exports, now at 2.05 million tonnes, resulting […] Read more

ICE weekly outlook: Canola market rising into summer
New StatCan acreage estimates out next week
MarketsFarm — ICE Futures canola contracts have climbed steadily higher since their late-May lows, nearing chart resistance to the upside on the first day of summer. Updated renewable fuel targets released by the U.S. Environmental Protection Agency failed to live up to expectations, sparking a speculative selloff in soyoil. While the limit-down move in soyoil […] Read more

ICE canola futures see record daily trade volume
Previous record trading day was in 2014
MarketsFarm — The ICE Futures canola market on Friday saw its busiest day ever, with over 90,000 contracts traded during the session, according to preliminary data. Intermonth spreading accounted for roughly half of the trade volumes on Friday as investors were busy rolling out of the front month. Daily trade volumes in canola are typically […] Read more

Strike early when fighting kochia in canola
Reading Time: 3 minutes If there are patches where kochia is dominant and canola is unlikely to grow, mow or hand-weed before the plants set seed.

ICE weekly outlook: Canola will follow soyoil up or down
Prairie weather another guiding factor
MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an […] Read more

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential
Canada's Competition Bureau pledges to review deal
Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, Bunge’s crushing capacity will increase […] Read more

Grain grading guide to tighten definition of ‘severely’ sprouted wheat
More changes, clarifications on deck for Aug. 1
A laboratory review of the end-use quality of sprouted wheat will lead to changes in how wheat is graded starting Aug. 1 this year. The Canadian Grain Commission on Tuesday announced changes in store effective Aug. 1 for how Canadian wheat is graded, along with a list of clarifications and new housekeeping rules for the […] Read more

Clubroot ‘race profiling’ can help boost resistance in canola
Research team sets stage for next generation of resistance to pesky crop disease
Reading Time: 4 minutes Racial profiling is not a term most people would want to be associated with. But with clubroot it’s different; it means the ability to select a canola variety that not only resists clubroot in general, but specific “races” of the disease of canola and other brassica plants. When it happens, thank an AAFC research team […] Read more

Fund short position grows in canola
Traders net long in soy, K.C. wheat
MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money […] Read more