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Canola

Brian Chorney farms near East Selkirk with his wife Brenda.
Faces of ag, Farmit Manitoba, Other

Manitoba farmer recognized as early voice for biofuels in Canada

Faces of Ag: As a farmer and agricultural engineer, Brian Chorney brought a depth of perspective to the boardroom table

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“Well geez, you should let your name stand,” seems like the common origin of many successful careers in agriculture organizational work. Fellow farmers recognize leadership qualities and exert a little pressure to fill a director’s chair. East Selkirk farmer Brian Chorney is, by all accounts, not one to boast. But in this case, it seems
The changing numbers on production costs
Crops, News

The changing numbers on production costs

Higher prices, higher cost inputs all mean the stakes have grown this season

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Though high crop prices may cast a rosy glow over spring seeding plans, they may also make farmers nervous — and for good reason, say two experts. That’s why having a good handle on costs of production is more important than ever. “High prices at the start of a season could mean two things: nearly
Manitoba has no room to ride the ‘yellow wave’ as canola prices have spiked.
Crops, News

‘Yellow wave’ unlikely despite high canola prices

Favourable crop prices across the board, high fertilizer costs and dry conditions may keep producers from changing things up

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Despite record canola prices, Manitoba is unlikely to see much of a yellow wave this summer, say some farmers and analysts. “There isn’t a whole lot of room to increase acreage without deviating from best practices,” said Bill Nicholson. Nicholson, who farms near Shoal Lake in western Manitoba, figured if farmers had flex in their
An expected increase in canola production in 2021 isn’t expected to improve ending stocks for 2021-22.
Grain Markets, Markets

Today’s mantra for canola is simple

South America’s pending soybean crop stands to drag on canola values

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When it comes to ICE canola futures, there’s one thing to keep in mind: tight canola supplies. Those shrinking old-crop supplies will continue to support canola and provide a good reason for prices to climb. That was quite evident March 4 when the May canola contract rose by its daily limit of $30 per tonne
ICE May 2021 canola (candlesticks) with 30-day moving average (green line) and CBOT May 2021 soyoil (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola’s correction likely short-lived given tight supplies

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MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s just not getting any,” said
WGEA executive director Wade Sobkowich. (Manitoba Co-operator photo by Allan Dawson)
Crops, Markets, Weather

Railways to blame for terminal shortages, WGEA says

Grain handlers take issue with MarketsFarm report

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MarketsFarm — The association representing the Prairies’ main grain handling companies says recent delays in loading vessels have less to do with the availability of grain and more to do with the railways hauling it to port. The Western Grain Elevator Association (WGEA), which represents major handlers such as Viterra, Richardson, Cargill and others, raised
Markets, News, Other

Canadian farmers reap record profits as crop prices soar

Grains won while livestock and horticulture struggled

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Canadian farmers reaped record profits last year and are on track to do the same this year, the federal Agriculture Ministry said on Thursday, as prices for its top crops soared. Prices of canola hit all-time highs this month, rallying with oilseed rival soybeans, on brisk Chinese buying to produce feed for that country’s rebuilding
When to keep your crop in the bin
Grain Markets, Markets

When to keep your crop in the bin

Storage can be your friend when marketing grain — but only sometimes

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The famous line, “You got to know when to hold ’em, know when to fold” from the Kenny Rogers song “The Gambler” also rings true in grain marketing. Which grain to hold in the bin and for how long is influenced by many factors. Certainly an important component is your storage infrastructure. How much bin
Manitoba’s newest grower group seeks the right blend of crop research and advocacy work.
News

MCA focused on research, but being pulled towards policy

While MCA doesn’t want to become an advocacy group, there are policy questions to address

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Funding and directing research remains Manitoba Crop Alliance’s (MCA) focus — but there’s pressure for the fledgling commodity group to get more involved in farm policy. “Farmers have suggested that we need to be more involved in advocacy directly on their behalf,” MCA chair and Reston farmer Fred Greig told the MCA’s inaugural annual meeting
File photo of ships anchored at Vancouver’s Burrard Inlet on March 2, 2020. High prices don’t appear to have yet deterred any actual canola business off of Canada’s West Coast.
Grain Markets, Markets

Canola’s continuing climb hits profit-taking ceiling

Underlying fundamentals are still supportive of canola values

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ICE Futures canola contracts climbed to never-before-seen levels during the last week of February, but the lofty heights proved short lived, with heavy selling pressure when profit-taking finally came forward to weigh on the market. The front-month March contract became a bit of a casino contract, soaring above $800 per tonne as anyone who was

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