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Canola

ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)
Crops, Markets

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

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MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible
Triple Green Products’ BioDryAir heating unit, which it says 
can hook up to most grain dryers.
Crops, Other

Morris-based company debuts crop residue-fuelled grain dryers

Triple Green Products says its BioDryAir unit can hook up to most grain dryers and save farmers significant cash on fuel

By
A Morris-based company will soon debut a biomass-fuelled heat source for grain drying. “Drying grain has become one of the most energy-intensive operations on the farm. It’s a significant cost to farming operations and in many cases is subject to carbon tax,” said Cam Cornelsen, co-owner of Triple Green Products. Cornelsen spoke during Manitoba Sustainable Energy Association’s (ManSEA)
Photo: iStock
Editorial, Op/Ed

Editor’s Take: Playing the canola game

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Two years ago, when China severely curtailed imports of Canadian canola by suspending the licences of Canada’s two largest grain companies, most saw a disaster about to unfold. The ginned-up claim was around the quality of Canadian canola seed, specifically pests like weed seeds and plant diseases such as blackleg. The Canadian Food Inspection Agency,
Canola moved upwards in lockstep with soy futures after a surprising planting projections survey.
Grain Markets, Markets

Up limit spike points to more acres needed

A key USDA report shocked the market and resulted in prices moving upward

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Shock and awe rocked the markets on March 31 after the United States Department of Agriculture (USDA) issued its prospective plantings report. The first survey-based projections for 2021 caught the markets largely off guard that Wednesday, which sent prices to their daily limit in several commodities. That not only included the soy complex and corn
ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Canola fundamentals still strong in volatile market

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded
The proposed deal would create the first rail network spanning Canada, the U.S. and Mexico.
News

Continental rail deal seen boosting farm sales

Canadian Pacific buyout of Kansas City Southern rail will create first Canada-U.S.-Mexico network

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Reuters – Canadian Pacific’s US$25-billion deal to buy Kansas City Southern will create a rail network from Canada to Mexico that farm groups say could smooth the flow of their goods to market. The deal, subject to approval by the U.S. Surface Transportation Board, would combine CP’s cross-Canada network, which stretches as far south as Kansas City,
(Lightguard/iStock/Getty Images)
Weather

Saskatchewan to pare school tax mill rate for farmland

EPT mill rates to rise for residential, other properties

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Saskatchewan’s latest budget taps down the education property tax (EPT) mill rate it sets on farmland, while raising those mill rates on other property classes. The provincial government, in Tuesday’s budget, set the provincewide EPT mill rate on agricultural land for 2021 at 1.36, down slightly from the previous rate of 1.43. EPT mill rates
A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Crops, Markets

Japan increases demand for canola

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MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by
Crops like soybeans, corn and oats are all showing good margins and will compete with canola for acres in Manitoba.
Crops, Markets

Canola looks pretty profitable, but so do a lot of other crops

Examining Manitoba's break-even yield risk ratio

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Before you think we’ll see canola seeded from fence post to fence post this year, it’s good to look at some numbers. And while canola gets a lot of news coverage because of its futures market, the good news this year is that most other crops are showing high prices as well. However, while these

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