MarketsFarm – While Agriculture and Agri-Food Canada made some changes in its October supply and demand estimates from September, the department didn’t make any alterations to its data for canola, pulses and special crops. The department released its report during the late afternoon of Oct. 21. Of the grains and oilseeds, AAFC’s most notable revisions […] Read more
AAFC tweaks some numbers as canola, pulses remain unchanged
Alberta crop yields top 10-year average
Reading Time: < 1 minute With harvest mostly complete, dryland yields were running about six per cent above the 10-year-average, although that varied considerably across Alberta. Aggregate yields for the five major crops (wheat, barley, canola, peas and oats) were just slightly below the 10-year average in the south and northwest. They were seven per cent higher in the northeast, […] Read more
ICE weekly outlook: Canola sees choppy, sideways month-end trade
Wide crush margins remain bullish
MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader said of the sideways activity, […] Read more
Tough calls: canola marketing is extra complex in an unstable world
Pull the trigger or hold and hope? That perennial question is even more complicated this year
Reading Time: 3 minutes With the most expensive crop ever planted mostly in the bin and the world becoming more unstable by the day, farmers face complex choices for canola marketing. Should they sell what hasn’t been contracted to take advantage of prices hovering around $19 per bushel in early October? Or should they hold and wait for another […] Read more
Prairie-wide canola variety trial program ending
'Current format' of CPT concludes: commissions
The sun is about to set on the current Prairie-wide canola variety evaluation program run by the three Prairie provinces’ canola grower commissions. SaskCanola, the Alberta Canola Producers Commission and the Manitoba Canola Growers Association announced Monday that 2022 is the final year of the Canola Performance Trials (CPT) “in its current format.” “Going forward, […] Read more
ICE weekly outlook: Canola’s wide crush margins supportive
MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
Weekly Canadian canola exports climb higher
MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
ICE weekly outlook: Rising canola prices hit a one-day thud
"There's a day where we need to take a pause"
MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
Alberta RCMP spike grain truck to recover canola
Two suspects arrested, charged
RCMP in central Alberta say they’ve recovered a “significant amount” of canola and arrested and charged two people after a grain truck suspected in an alleged canola theft was halted by a spike belt. In a release Tuesday, RCMP at Bashaw — about 80 km northeast of Red Deer, in Camrose County — said they […] Read more
Complaints prompt change to InVigor seed treatment
There were numerous complaints about poor canola establishment but BASF says it wasn’t a lot of acres
Reading Time: 2 minutes Glacier FarmMedia – BASF will change the base seed treatment for InVigor canola hybrids next year out of an “abundance of caution,” says a senior company official. The announcement follows a string of farmer complaints this spring about establishment issues in their InVigor stands. The company will remove Vercorace, debuted this year as a broad-spectrum […] Read more
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