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Canola

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Markets

Canadian canola crush running strong

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Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous year. The November canola crush
An agronomist examines cotton plants in Batesville, Mississippi in 2018.
News, Other

Aiming for green profits

North American farmers benefit as consumers pressure food businesses to go green

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Reuters – Beer made from rice grown with less water, rye planted in the off-season and the sale of carbon credits to tech firms are just a few of the changes North American farmers are making as the food industry strives to go green. The changes are enabling some farmers to earn extra money from industry giants like Cargill,
(File photo by Dave Bedard)
Crops, Markets

Funds sitting on large net long in canola

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MarketsFarm — The net long position fund traders are holding in canola futures remains historically large, with almost all of the managed money in the market sitting on the long side, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday
Vanessa Kummer is seen on a storage bin catwalk on the family farm near Colfax, North Dakota, U.S., August 6, 2019. Picture taken on August 6, 2019.
Grain Markets, Markets

Canola’s bull will soon need feeding

U.S. soybean ending stocks are also already projected to be tighter this year

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The ICE Futures canola market saw some choppy activity during the week ended Dec. 11, consolidating just below recently hit multi-year highs as investors took profits and adjusted positions ahead of the seasonal slowdown. Canola has been in a steady uptrend since July, and underlying fundamentals remain supportive with plenty more room to the upside.
ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (green line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola holds over $600

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MarketsFarm — ICE Futures canola contracts were stronger Wednesday, hitting multi-year highs for three consecutive days. The nearby January contract closed at $602.90 per tonne on Wednesday, gaining nearly $10 since Friday’s close of $593.60. Ken Ball of PI Financial in Winnipeg said canola is expected to go higher in order to “kill off some
Agricultural commodities and agri-foods account for one-third of Canada’s total exports to China.

Grain Markets, Markets

China responsible for large leap in exports

Even Canadian canola exports to China are up from the previous year

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China has dramatically picked up its imports from Canada in the 2020-21 marketing year. The Canadian Grain Commission (CGC) reported this week that at the end of October, China imported 3.17 million tonnes of wheat, barley, flax, canola and peas from Canada, compared to 1.51 million the same point in 2019-20. With China very eager
Black Fox Farms, near Saskatoon, Sask.
Farmit Manitoba

Small distillery, big satisfaction

From a grain farm to producing spirits, this Sask. couple has enjoyed the journey

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The owners of Black Fox Farms & Distillery never expected to find themselves where they are today. Barb Stefanyshyn-Coté and her husband John Coté were both third-generation farmers. They were born and raised on farms and they met at agriculture college. After they got married, they went back to farming and raised four children on
(PortOfHalifax.ca)
Crops, Markets

Grain, oilseed exports well ahead of year-ago

Chinese demand up substantially for Canada's crops

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MarketsFarm — Canadian grain exports continue to run at a very solid pace, with canola, wheat and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Nov. 29 came in at 18.9 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by nearly five

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