MarketsFarm — While Statistics Canada (StatCan) cut its projection for canola production in 2022-23 by 400,000 tonnes, FarmLink Marketing Solutions senior analyst Neil Townsend said the number could go lower. StatCan on Wednesday issued its latest production estimates and lowered its call on canola from the 19.5 million tonnes forecast in its Aug. 29 report […] Read more
StatCan’s canola call in line with expectations
Agency also boosts wheat projection
Candidates wanted for canola board
Reading Time: < 1 minute Nominations are open for four director positions on Alberta Canola’s board. Candidates don’t have to reside in a region to serve as a director but must have grown canola in it (or had a share of crop) and paid the canola checkoff. The four regions are regions 1 (the northwest corner of the province), 4 […] Read more
Funds add to bearish bets in canola
MarketsFarm — The speculative net short position in the ICE Futures canola market grew during the week ended Tuesday, as fund traders added more bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in […] Read more
Ending stocks tumble due to drought: StatCan
Canola stocks are below 'pipeline levels'
MarketsFarm — Severe drought in Western Canada during the summer of 2021 has played a major part in reducing the stocks for Canada’s principal field crops at the end of the 2021-22 marketing year, according to Statistics Canada. Canada’s central data agency released a report Wednesday presenting total ending stocks for the country’s major crops […] Read more
ICE weekly outlook: Canola trending lower
November down below $800
MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday and could be due for more weakness as seasonal harvest pressure picks up over the next few weeks. “That $800 level has been a very important price support point,” said David Derwin, commodities investment advisor with PI Financial in Winnipeg, pointing to […] Read more
Lime shows promise for controlling clubroot in canola
The lime works by neutralizing the highly acidic soil preferred by clubroot, reducing the likelihood of spore germination and plant infection
Reading Time: 2 minutes Treating soil with lime could help farmers curtail clubroot infections in canola, new University of Alberta research suggests. Spot-treating soil with the mineral reduced the overall occurrence and severity of the disease by 35 to 91 per cent, growth experiments showed. The finding, published in the Canadian Journal of Plant Pathology, could give farmers an […] Read more
Canada, China agree to suspend WTO canola dispute
Lifting of canola ban renders case moot
Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more
ICE weekly outlook: Crush margins guiding canola demand
MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins […] Read more
Canadian crop production bounces back, StatCan reports
Wheat at higher end of trade projections
MarketsFarm — After 2021’s historic drought on the Prairies caused crop production to fall to historic lows, the 2022 harvest has mostly bounced back to pre-drought levels, according to Statistics Canada. StatCan on Monday released its July 2022 satellite image-based principal field crop production estimates, which confirmed analysts’ expectations that this year’s crop production would […] Read more
Don’t be too hasty to harvest your canola
Canola Council launches campaign to persuade farmers of the benefits of patience
Reading Time: 3 minutes The Canola Council of Canada is encouraging farmers to hold off on harvesting canola so yield improves. Research in the early 2000s showed that canola swathed at 60-70 per cent seed colour change (SCC) yielded 11 per cent more than fields swathed at 30-40 per cent. That research was reinforced in 2013, when the Indian […] Read more