GFM Network News

ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Volatility day-to-day in bullish canola market

MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst[...]
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ICE March 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: WASDE spillover boosts canola

Canola may soon become price-sensitive, analyst says

MarketsFarm — Sharp increases in soybean, corn and wheat futures on Tuesday, following the release of the latest supply and demand report from the U.S. Department of Agriculture (USDA), in turn spilled over into canola. The most significant factors in USDA’s world agricultural supply and demand estimates (WASDE) were further reductions to ending stocks for[...]
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Photo: iStock

Canadian canola crush running strong

Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush[...]
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You know supplies are tight when Brazil imports American soybeans. After selling so much of its crop to China this year, it is running short — hence this photo of U.S. soybeans being unloaded at the port of Paranagua, Brazil on Dec. 3. Tight soy supplies have pushed up demand and prices for canola, and should produce “attractive selling opportunities” for farmers here, says Thomas Mielke, executive director of Hamburg-based market analyst firm Oil World.

A deep market dive shows things are golden for canola

Top global authority on edible oil market sees strong demand continuing

Reading Time: 4 minutes Global prices for edible oil and meal have “virtually exploded” in recent weeks — good news for Canadian canola growers hoping to tap into the European market. “The average edible oil price, as well as the average oil meal price, are currently almost 40 per cent above the latest five-year average,” said Thomas Mielke, executive[...]
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In this photo from Mike Cowbrough’s October 2019 Pest Patrol column in Country Guide, light-green waterhemp plants approach the top of a soybean canopy after two ineffective applications of glyphosate. (Supplied photo)

Group 27 herbicide resistance arrives in Canada

Mesotrione-resistant waterhemp confirmed in Quebec

A persistent and fiercely competitive weed that has developed resistance to several herbicide groups since its arrival in Canada is now the first in the country to fight off a Group 27 product. Quebec’s Reseau d’avertissement phytosanitaire (RAP) last Friday reported a patch of waterhemp with resistance to mesotrione herbicide in the Haut-Richelieu municipality, in[...]
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