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Canola

A Chinese ship is loaded with soybeans at Port of Santos May 19, 2015.
Grain Markets, Markets

Domestic and export demand support canola

Guided by bullish chart signals, speculators are adding to their long positions

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ICE canola futures kept climbing during the week ended Nov. 20, hitting multi-year highs and showing no signs of slowing the uptrend. Aside from a brief blip on the charts in 2017, when the July contract was expiring, the nearby canola market has not traded above $550 per tonne for any extended period of time since 2013. January canola first settled
ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (blue line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola stronger at midweek

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MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart
File photo of a rye field in Kazakhstan. (Stsmhn/iStock/Getty Images)
Crops

Beware of Kazakhs wanting to buy seed, agency says

Seed growers and farmers alike are being warned such sales breach breeders' rights rules

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Western Canadian seed growers, seed retailers and commercial farmers are being urged not to sell seed to Kazakhs or their agents because it breaches plant breeders’ rights rules. “The basic fact is no Canadian breeder has given permission for their genetics to go to Kazakhstan,” Lorne Hadley, executive director of the Canadian Plant Technology Agency,
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Crops, Markets

October crush numbers up, canola record set

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MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set
Canadian Grain Commission 2020 crop quality info
Crops, News

Canadian Grain Commission 2020 crop quality info

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Besides a good-quality crop of Canada Western Red Spring wheat in 2020, the quality of other western Canadian crops harvested in 2020 is good too, says Daryl Beswitherick, the Canadian Grain Commission’s program manager for national inspection standards. Canola “Grade-wise it was fantastic,” Beswitherick said in an interview Nov. 9. This year 92.5 per cent
(Dave Bedard photo)
Crops, Markets

Crop stocks forecasts mostly unchanged in AAFC supply/demand report

Corn carryout revised upward

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MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25
Optimum GLY canola getting closer to market
Crops, News

Optimum GLY canola getting closer to market

Corteva’s new canola trait will allow farmers to apply higher doses of glyphosate along with a longer application period

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CROPS Corteva’s new canola trait will allow farmers to apply higher doses of glyphosate along with a longer application period

Corteva expects to commercialize its new Optimum GLY canola by 2022, giving western Canadian farmers more options and flexibility to control hard-to-kill weeds. Optimum GLY canola can tolerate higher doses of the non-selective herbicide glyphosate applied longer into the growing season, Kerry Freeman, Corteva’s canola category leader, said in an interview. “It’s going to allow
(Dave Bedard photo)
Markets

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

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Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number
Unusually warm temperatures for this time in November have kept farmers’ attention off selling their crops, in turn pushing canola prices higher.
Grain Markets, Markets

Canola gets bounce off soybeans’ gains

Uncertainty also continues over U.S. soybean acreage

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ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January

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