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Chorney given Canola Award of Excellence
News, Oilseeds

Chorney given Canola Award of Excellence

Farmer contributed to growth of biodiesel markets

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Farmer Brian Chorney has been named the recipient of the 2021 canola award of excellence. The announcement was made at the Manitoba Canola Growers Association virtual annual meeting, as part of the Crop Connect event. Chorney has been actively involved within canola organizations and renewable fuel organizations, which has led to the development and growth
About 90 per cent of Manitoba’s cultivated acres are covered under AgriInsurance.
News

Insurance coverage up, costs down

Record crop insurance coverage and moderately lower premiums expected in 2021

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Manitoba AgriInsurance coverage is expected to hit a record $3.128 billion this year, while premiums will be moderately lower, says a joint federal-provincial news release. It’s due to a combination of higher crop values and reduced crop insurance payments over time. “There are two pieces of the puzzle,” David Van Deynze, chief product officer with the
Grain is loaded for export at a port on the Parana River near Rosario, Argentina on Jan. 31, 2017. A sharp influx of South American soy over the next few months is expected to put a cap on oilseed markets.
Grain Markets, Markets

Canola ending stocks still support futures

A seasonal slowdown could be expected in coming months

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The ICE Futures canola market saw some large price swings during the second week of February, although the general path of least resistance remained pointed higher as many months set fresh contract highs. The concerns over tightening supplies that have propped up the canola market for months now remained supportive, although a seasonal slowdown could
(Dave Bedard photo)
Crops, Markets

Canola stocks to tighten below a million tonnes, AAFC says

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MarketsFarm — Canadian canola ending stocks in both the current 2020-21 marketing year and in 2021-22 are forecast to tighten below a million tonnes, according to updated supply/demand estimates from Agriculture and Agri-Food Canada. The tight stocks were largely tied to expectations for increased domestic usage, with projected canola exports left unchanged from the January
Blackleg and verticillium stripe are sometimes even found in the same plant. 
Crops, Oilseeds

Canola foes the same — but different

Blackleg and verticillium stripe can be confusingly similar

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Is it verticillium stripe or is it blackleg? That’s a question canola growers may find themselves asking more in the future, as verticillium stripe (VS) gains a stronger foothold on North American farms, a recent webinar hosted by the Prairie provinces’ canola associations heard. It was first discovered in Manitoba in 2014 and is caused
Farm lender delivers ebullient view of Manitoba ag
News

Farm lender delivers ebullient view of Manitoba ag

Farm Credit Canada’s Darren Howden says agriculture is faring much better than many other industries

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Manitoba’s agriculture industry is generally financially fit, a senior executive with Farm Credit Canada (FCC) told the Keystone Agricultural Producers’ (KAP) online annual meeting Jan. 26. “Grains and oilseeds are doing really well,” Darren Howden, FCC’s senior vice-president of Prairie operations,” told KAP members. “That’s the sector we have the most business in, in Manitoba. There was a really
(Dave Bedard photo)
Crops, Markets

Funds add to net longs in canola, U.S. futures

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MarketsFarm — The large managed-money net long positions in soybean, corn and canola futures increased during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 43,967 contracts as
Domestic canola usage for the 2020-21 crop year has caught up and passed the levels seen in 2019-20.
Grain Markets, Markets

What goes up in grain markets, must come down — eventually

Traders keep an eye on the possibility of price rationing if stocks fall too low

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Volatility was certainly the order of the week for ICE canola futures as prices fluctuated up and down — due partly to the coming expiry of the March contract, which has been part of a few spectacular months of trading. Canola contracts pushed higher and higher over that time, albeit with a few steps back
ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Volatility day-to-day in bullish canola market

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MarketsFarm — The ICE Futures canola market saw some large price moves during the week ended Wednesday, hitting fresh contract highs in many months before profit-taking came forward to weigh on values. With canola trading at historically high price levels, the potential volatility in the marketplace can go to extreme levels without much explanation, analyst

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