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Canola

Manitoba Canola Growers Association has pledged $500,000 to support construction of the Prairie Crops and Soils Research Facility at the U of M.
News

New U of M crop research centre past fundraising halfway point

The Manitoba Canola Growers is the latest producer group to pledge financial support

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Manitoba Canola Growers Association members are the latest producer group to put cash behind a proposed updated ag research centre at the University of Manitoba. “MCGA has long recognized UM as a key resource for quality education and agricultural research. As the birthplace of canola, it holds special significance to the canola industry,” said Delaney
Biodiesel is seen through a tube at Patagonia Bioenergia’s biodiesel refinery at San Lorenzo, Argentina on Feb. 26, 2010.
Grain Markets, Markets

Energy markets spur canola’s latest gains

Current values of well over $900 per tonne are supposed to be rationing demand

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Whatever seasonal harvest pressure there was in this drought-stricken year appears to have subsided, with ICE canola futures posting solid gains through the first full week of October. The general supply tightness and need to ration demand remained a supportive influence for the Canadian oilseed, but the latest gains likely had more to do with outside energy
ICE January 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola still rangebound

Selling pressure seen from U.S. soy

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MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside
“Even prices for 2022 are 25 per cent less than they are today, but they are still much, much higher than they were last year.” – Warren McCutcheon
News, Other

Will crop insurance values reflect jump in crop prices?

Values set for 2021, before the market rally, are inadequate in today’s environment, some say

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After close to a year of high grain prices, Warren McCutcheon expects they should be reflected in the crop values used to calculate crop insurance payouts in 2022. “We’ve seen these prices sustained here for almost a year now so if crop insurance comes out with $4.50 corn and $8 wheat guys are going to
File photo of a Conagra production facility at Oakdale, Calif., about 150 km east of San Francisco, on Dec, 18, 2015. (Photo: Reuters/Fred Greaves)
Markets

Conagra flags price increases to cushion inflation impact

Prepared foods firm raises sales forecast

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Reuters — Conagra Brands said on Thursday it would increase prices again on its frozen meals and snacks to help cushion the blow of higher inflation, after the diversified food maker raised its annual sales forecast and topped quarterly results. Packaged food companies are grappling with inflation as the U.S. economy rebounds, while spending heavily
Nitrogen fertilizer, seen here in ammonium nitrate form, at a Russian production facility, is a major contributor to crop yield and greenhouse gases.
News

Study says billions hang in the balance on fertilizer use

But others say cutting fertilizer-related emissions doesn’t necessarily mean lower yields

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A recent study says cutting fertilizer use to fight climate change could cost farmers almost $48 billion in lost revenue. Commissioned by Fertilizer Canada, the Meyers Norris Penny (MNP) report says reducing fertilizer use by 20 per cent between 2023 and 2030 will significantly lower yields of crops like corn, canola and spring wheat. The findings are
Canola values all over the place
Grain Markets, Markets

Canola values all over the place

ICE canola followed the Chicago soy complex higher, then way lower

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It was a wild ride for canola on ICE Futures during the Sept. 30 session with prices all over the place. Coming out of the overnight session, canola was well poised on Thursday for a strong rally due to increased demand in the vegetable oil market. This stemmed from a power outage conundrum in China
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets

ICE weekly outlook: Canola feeling the energy

Canola riding on fuels' bullish momentum

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MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

Exports tumble as supplies simply not there

'There's very little to sell'

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MarketsFarm — Cereal and oilseed exports out of Canada nosedived in August just as the 2021-22 marketing began, according to the monthly export report from the Canadian Grain Commission (CGC). At about 2.24 million tonnes, total grain exports were down 38.5 per cent overall compared to those in August 2020. “There’s very little to sell.
Crop Report, Crops, News

Manitoba harvest 95 per cent complete, soils remain dry

Manitoba Crop Report and Crop Weather report for October 5

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Southwest Region Temperatures have been variable, with daytime highs ranging from 27 to 32 C. Overnight lows dropped to as low as 5.0 to -0.5 C, with no severe frost reports. Average daily temperatures range from 14 C to 16 C. Forecast looks promising for the remainder of harvest. Above normal temperatures are making harvest

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