Reading Time: 4 minutes The canola industry has a big goal — boost long-term average yields by six bushels an acre by 2025 in order to keep up with demand from crushers. That’s not a goal that can be achieved, however, if one out of every two seeds coming out of the seeder fails to germinate. Rather, seed survival […] Read more
Good beginnings make for happy endings for canola stands
Seeding a little too deep while going a little too fast are two big, but common, mistakes
ICE weekly outlook: Trend remains pointed higher for canola
MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in canola,” said analyst Mike Jubinville […] Read more
ICE weekly outlook: Canola seen as teetering, likely to tumble
'A lot of emotion and tension' in market
MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more
ICE weekly outlook: Overvalued canola market due for correction
MarketsFarm — ICE Futures canola contracts climbed to fresh contract highs during the first week of April, but ran into profit-taking resistance and could be due for more losses as the market looks overpriced. “We’re starting to see canola give back some of the extra premium it’s been putting on,” said Ken Ball of PI […] Read more
USDA reports offer new oilseed insights from India, Japan
MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in 2022-23, according to FAS New […] Read more
Australian canola production heading downward, but still sizeable
New second-biggest harvest expected, USDA predicts
MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop year was projected to be […] Read more
Canola exports turn tiny as Canada running out
MarketsFarm — There was a tremendous drop in canola exports from Canada during week 34 of the 2021-22 marketing year, according to the Canadian Grain Commission. The commission’s report issued Thursday showed a mere 800 tonnes of canola were shipped overseas. The week before, 128,300 tonnes were outbound. “We’re really getting close to running out,” […] Read more
ICE weekly outlook: Canola in its own world, analyst says
MarketsFarm — To market analyst Wayne Palmer of Exceed Grain, canola “has been in a world of its own for about the last month,” and he expects that will remain the case for some time. Canola, he explained, has generally done the opposite of the Chicago soy complex — which the Canadian oilseed normally follows. […] Read more
Seedpod weevil numbers down in 2021
Reading Time: < 1 minute Cabbage seedpod weevil numbers in 2021 were lower than normal for the fourth year in a row, but canola growers in southern and south-central Alberta should still be on guard. A survey of 225 fields last summer (when canola was at 20 to 25 per cent flower) found that even in the south, numbers were […] Read more
ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’
MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing […] Read more
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