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
Weekly Canadian canola exports climb higher
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
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
Canadian wheat, canola stocks projections revised higher
MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more
Harvest sample program now open
Reading Time: < 1 minute The Canadian Grain Commission harvest sample program is now open. The free program gives producers a host of info that can be used when marketing or delivering grain. This includes an unofficial grade; dockage for canola; protein content for cereals and pulses; oil, protein and chlorophyll content for canola; falling number for wheat and rye; […] Read more
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
Farmers’ wheat, canola deliveries picking up in West
Commercial canola stocks increase
MarketsFarm — The advancing Prairie harvest has seen an increase in farmer deliveries of grains and oilseeds into the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Export activity for canola remains very light through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial […] Read more
Harvest is bringing upbeat reports
Reading Time: 2 minutes Despite challenging growing conditions, there was plenty of encouraging news in the first provincial crop report of the month. Dryland yields were running 12 per cent above the five-year average (which was lowered by last year’s drought) and nearly eight per cent higher than the 10-year average, says the Sept. 6 report. Despite an extremely […] Read more
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