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Canola

Waterhemp emerges through the canopy of a soybean field.
Crops, News

Waterhemp found in Stuartburn, La Broquerie

The invasive species can cause tremendous yield losses, particularly among row crops

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Infestations of waterhemp have been found in the RMs of Stuartburn and La Broquerie in southeastern Manitoba, bringing the known infestations to 10. MARD reported the new infestations earlier this month and urged farmers to keep an eye out for the noxious plant. “If it’s not under control, this could be our No. 1 weed in a
(Dave Bedard photo)
Crops, Markets, Weather

Smaller crops anticipated in looming StatsCan report

Survey-based data due out Monday

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MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would
(Dave Bedard photo)
Crops, Markets, Weather

Ag department lowers crop production, export estimates

Expectations knocked down for most major Prairie crops

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MarketsFarm — Canadian crop production will be down significantly in the 2021-22 marketing year, cutting into exports for all of the country’s major grains, oilseeds and pulse crops. That’s the estimation from the latest supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Thursday. Total field crop production for all crops is forecast to decrease
(ThamKC/iStock/Getty Images)
Crops

U.S. EPA recommends lowering 2020 biofuel mandates retroactively

Agency not confirming or denying sources' statements

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Reuters — The U.S. Environmental Protection Agency has recommended retroactively lowering biofuel blending mandates for 2020, two sources familiar with the matter said, after the agency on Thursday sent a proposal on the mandates to the White House for review. The move could provide immediate relief to oil refiners that have to comply with the
A recent crop report indicates harvest yields so far this year vary from less than half of normal to normal.
News

Crop insurance prepared for hefty drought payouts this year

The program, founded in 1960, is designed to be actuarially sound

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There’s enough money to cover Manitoba crop insurance payouts in the wake of this year’s drought, the worst in years, says David Van Deynze. Despite an early harvest due to dry and hot growing conditions, Van Deynze, chief product officer with the Manitoba Agricultural Services Corporation (MASC), which administers the federal-provincial program, says it’s too
Oilseed traders and analysts have heard anecdotal reports of single-digit yields from canola growers.
Grain Markets, Markets

Canola remains the follower

Prices still must reflect that there won’t be enough canola to go around

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Canola futures took a tumble at the end of this week as prices on the Chicago soy complex pulled back, with declines in European rapeseed and Malaysian palm oil adding to the mix. The Canadian oilseed demonstrated some independent strength as price rationing propelled values higher earlier in the week, but weakness in the other
CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and black lines). (Barchart)
Crops, Markets, Weather

CBOT weekly outlook: Factors worth watching

Oats showing recent strength

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MarketsFarm — Choppiness in Chicago Board of Trade (CBOT) soyoil, a potential increase in corn prices and an upcoming production report from Statistics Canada are factors on which grains analyst Terry Reilly suggests keeping an eye. Soyoil has been hit by early reports that the U.S. Environmental Protection Agency was going to recommend to the
“We see crop disappearing every day because of the dry condition in the Prairies, and we see record prices at the same time.” – Ward Toma.
Grain Markets, News

Drought-battered farmers facing another crisis — contract penalties

Deadly combo of crop failures and sky-high prices leave some facing huge penalties on unfulfilled contracts

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Glacier FarmMedia – The drought is squeezing producers from all sides, with many facing another calamity — not having enough crop to fulfil their grain contracts. “There are issues because the drought is so widespread,” said Jason Saunders, vice-chair of Alberta Wheat who farms near Taber, Alta. “There was aggressive forward contracting on canola and
A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)
Crops

Imperial Oil lays out Alberta renewable diesel plan

Company would use 'locally grown' canola, soybean oils

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Reuters — Imperial Oil, one of Canada’s biggest oil producers and refiners, on Wednesday outlined a plan to process vegetable oil into renewable diesel at its 191,000-barrel-per-day Edmonton-area refinery. The project, which still requires final approval, is part of majority-owner Exxon Mobil’s goal of producing more than 40,000 barrels per day of low-emissions fuels by

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