Canola Archives - Page 138 of 490 - Manitoba Co-operator

According to industry sources, markets for canola oil and meal are still profitable despite what publicly reported canola margins suggest.

ICE canola gains outpace CBOT soybeans

January canola punched above $1,000 before Remembrance Day

By Phil Franz-Warkentin November 18, 2021

A bullish report from the U.S. Department of Agriculture helped soybean futures at the Chicago Board of Trade recover off of 10-month lows during the second week of November — but the ICE canola market easily outpaced the soy complex to the upside, as a number of independent factors helped the Canadian oilseed hit fresh

ICE January 2022 canola (candlesticks) with 20-day moving average (yellow line), daily trading volume (lower graph) and 10-day volume moving average (purple line, lower graph). (Barchart)

Crops, Markets

ICE weekly outlook: Canola trade starts rolling out of January early

By GFM Network News, Glen Hallick - MarketsFarm November 17, 2021

MarketsFarm — Action has begun somewhat sooner than expected for traders rolling out of the January canola contract on ICE Futures, according to trader Ken Ball of PI Financial in Winnipeg. The main reasons are the massive size of the long position and tight supplies of canola. However, he wasn’t entirely sure if the price

Farmers whose drought-stricken crops faced yield shortfalls can claim any contract losses as eligible AgriStability expenses.

News

Grain contract losses an eligible AgriStability expense

The NFU wants a mandatory ‘act of God’ contract clause but a veteran grain trader says it won’t fly

By Allan Dawson November 12, 2021

Farmers who lost money because they forward sold more crop than they grew can claim that as an expense under AgriStability. And Manitoba farmers not enrolled can still join the risk management program, but with a 20 per cent penalty on payouts. That’s the message Stewart Wells wants every farmer to hear. The Swift Current,

ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

By GFM Network News, Phil Franz-Warkentin November 10, 2021

MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of

Grain Markets, Markets

Canola sees net gains on the week

The market appears to be at an inflection point and could rise or fall

By Glen Hallick - MarketsFarm November 10, 2021

Despite the wild ride canola has had during the week ended Nov. 4, it’s still ahead of where the January and March contracts had been on Oct. 28. The January had a net gain of $23.40 per tonne at $978.70/tonne, with the March up $19 at $955.30. During that ride canola exhibited a measure of independent strength from

This year Argyle farmer Alfred Billingham kept the combine chopper on while harvesting corn. His wife Judy Billingham followed with the baler. The result is a more palatable feedstuff.

Crops

2021 drought inspires innovation

Manitoba farmers on the hunt for alternative feedstocks

By Allan Dawson November 8, 2021

Argyle farmers Alfred and Judy Billingham have been baling corn stover for years, but this year they tried a slightly different technique. They aren’t alone. “Some of the positives from this drought is the innovation and utilization of products,” Keystone Agricultural Producers (KAP) president Bill Campbell noted during KAP’s online advisory council meeting Oct. 20. “I know

Markets

Canadian canola oil content well below average

By GFM Network News, Marketsfarm November 5, 2021

Canada’s hot and dry growing season in 2021 cut into the oil content of the country’s canola crop, with preliminary data pointing to the second-lowest oil content of the past two decades. Preliminary sample data compiled by the Canadian Grain Commission shows average oil content for number one quality canola in 2021/22 at 41.9 per

Delivery contracts drew discussion at a recent KAP virtual meeting.

News

KAP favours education over grain contract involvement

Keystone Agricultural Producers says it has ‘overwhelming’ support from members not to interfere in contracts

By Allan Dawson November 4, 2021

The Keystone Agricultural Producers (KAP) says it will focus on educating farmers about grain delivery contracts and encourage grain companies to improve them. It won’t seek retroactive changes to help farmers who can’t fulfil their contracts because of this year’s drought. “As an industry we need to be aware of the long-term implications of what

Growers need to remember crops fail and consider using futures and options to lock in prices rather than only delivery contracts, says a Manitoba lawyer.

Crops, News

Past season a reminder crops can fail

Grain companies and farmers getting closer to resolving unfilled delivery contracts

By Allan Dawson November 4, 2021

After years of great crops farmers were reminded they can fail, says Manitoba lawyer and farmer John Stewart. Unfortunately for some, they contracted more grain than they grew. “What has happened is that farmers have become very cavalier,” Stewart said in an interview Oct. 21. “With modern seeding practices and modern equipment, with new genetics,

Institutional investors with net long positions will support canola prices — for now.

News

Canola futures continue to climb

When profit-taking correction comes it could be severe

By Phil Franz-Warkentin November 4, 2021

Canola futures climbed higher during the last week of October, hitting contract highs in many months. The strength was largely thought to be tied to speculative money, with the market looking overpriced from a fundamental standpoint. The nearby November contract moved above $1,000 per tonne in its final week before becoming the delivery month, pulling the other

Daily Network News

Bayer’s proposed Roundup settlement faces first signs of pushback in court

CBOT Weekly: Several unknowns that could affect commodity prices

Incoming Canadian Cattle Association CEO embraces winds of change

Canola

ICE canola gains outpace CBOT soybeans

ICE weekly outlook: Canola trade starts rolling out of January early

Grain contract losses an eligible AgriStability expense

ICE weekly outlook: Canola’s trend line still pointed higher

Canola sees net gains on the week

2021 drought inspires innovation

Canadian canola oil content well below average

KAP favours education over grain contract involvement

Past season a reminder crops can fail

Canola futures continue to climb

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