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Canola

Take a wide view to understand canola pricing
Grain Markets, News

Take a wide view to understand canola pricing

Canada is a big canola producer but it’s the wider world oilseed market that bears watching

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Where are canola prices going this fall?’ That’s been a common question, both this year and in years past. Many factors from around the world combine to affect canola prices. From production science, to consumer trends, to shipping and logistics, from new product uses, government regulations and trade barriers, to commodity substitutability — all affect the marginal supply
Violife’s vegan cheese-substitute lines include cheddar-style slices. (ViolifeFoods.com)
Crops

Becel maker Upfield to relocate Ontario plant

Company to make vegan cheese substitutes, other spreads at Brantford

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The maker of Becel margarine, Imperial spreads and, most recently, vegan near-cheese Violife plans to boost its Canadian manufacturing capacity with a move from Toronto to Brantford, Ont. The Canadian arm of Amsterdam-based Upfield said Wednesday it has bought a 164,000-square foot industrial building at Brantford and “brings a significant investment involving the purchase of
Soybeans are harvested on Nov. 8, 2019 at Hodgen Farm at Roachdale, about 50 km west of Indianapolis. Significantly lower estimates for U.S. soybean stocks spurred a single-day jump in soy futures.
Grain Markets, Markets

Higher grain prices remain cure for higher prices

Farmer selling dragged down the previous day’s gains in commodity futures

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It is one thing to see substantial gains in futures markets, but it’s something else to see those gains sustained. Such was the case between the Sept. 30 and Oct. 1 sessions on the Chicago Board of Trade (CBOT). After the Sept. 30 release of the U.S. Department of Agriculture’s (USDA) reports on grain stocks
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: ‘Demand-pull’ environment supports canola

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro.
Crop Report, Crops, News

Manitoba harvest progress at 88 per cent, soybeans see rapid progress

Manitoba Crop Report and Crop Weather report for October 6

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Southwest Region Sunny and dry weather dominated last week in the Southwest region, with one or two cloudy and windy days. Many producers have finished their harvest and doing some fall fertilizer application and other fieldwork. Some districts have inadequate topsoil moisture, which is making tillage challenging, as well as for fall anhydrous ammonia applications.
(Natt Boonyatecha/iStock/Getty Images)
Crops

U.S. oil refiners press on renewable diesel for Canadian market

Few such projects seen moving forward within Canada

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Winnipeg/New York | Reuters — U.S. oil refineries are moving aggressively to produce renewable diesel, partly to cash in on Canada’s greener fuel standard before Canadian refiners modify their own plants. Canadian Prime Minister Justin Trudeau’s government intends to present its Clean Fuel Standard this year, aiming to cut 30 million tonnes of emissions by
A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Wheat, canola exports ahead of year-ago pace

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MarketsFarm — Canadian grain and oilseed exports are running well ahead of the year-ago level eight weeks into the 2020-21 marketing year, according to the latest data from the Canadian Grain Commission. Total bulk exports of the major grains and oilseeds, as of Sunday, of 7.17 million tonnes compare with the six million exported during
Frosty weeds and closing spray windows
Crops

Frosty weeds and closing spray windows

Variables like weed species and recent and expected frosts will weigh into management decisions

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Add the weather forecast into your calculations when planning fall weed control. It’s prime weed control season for perennial weeds like Canada thistle and winter annuals and acting now can help you, come spring. “A lot of the winter annuals are starting to become problems because if we don’t do any kind of control in
ICE canola down off previous week’s gains
Grain Markets, Markets

ICE canola down off previous week’s gains

Weakness in Chicago soyoil futures also helped drag canola values lower

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Canola contracts on ICE Futures walked back significant gains during the week ended Sept. 24, after hitting two-year highs the week prior. Canola prices started the week at $526.40 per tonne, with the November contract losing $4.90 per tonne on Monday. Losses continued for the rest of the week, and the November contract closed at

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