ICE November 2020 canola (candlesticks) with 20- and 100-day moving averages and CBOT October 2020 soyoil (blue line). (Barchart)

ICE weekly outlook: Canola backs off two-year highs

MarketsFarm — ICE Futures canola contracts have shown weakness in recent trading sessions, after hitting two-year highs last week. The November canola contract, which closed Sept. 16 at $530.20 per tonne, has since lost over $10, closing Wednesday at $519.60. “Last week when canola moved up very strongly, it just sort of got ahead of

Manitoba harvest at 70 per cent, soy, corn crops rapidly mature

Manitoba Crop Report and Crop Weather report for September 22

Southwest Region Another dry and windy week in southwest Manitoba. Subzero temperatures arrived for one or two nights but daytime temperatures were mostly double-digit, which allowed farmers to continue harvest and other field operations. Recent frost is not damaging anything at this stage as soybean and corn are already maturing and drying down due heavy


The stolen canola was worth about $25,000.

Fifty tonnes of canola stolen from Manitoba farmer

Consider securing grain bins from grain thieves, especially in remote locations

Farmers busy harvesting have another potential distraction — grain theft. A farmer near Kaleida, Man., reported Sept. 21 to Morden RCMP that about 50 tonnes of canola was stolen from his yard probably between Sept. 10 and 18, Manitoba RCMP media relations officer Sgt. Paul Manaigre said in an email Sept. 22. With spot canola

(File photo by Dave Bedard)

Funds’ net long keeps growing in canola

MarketsFarm — The fund net long position in canola continued to climb higher during the week ended Tuesday, as speculators continued to add to their bullish bets in the market, 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, were


Pea production is still viewed somewhat skeptically by many Manitoba producers.

COVID-19 no cause for course change on protein, says ag-minister Pedersen

Animal protein a likely weak spot and more agronomic support needed for peas to fill growing demand

Ag Minister Blaine Pedersen says he doesn’t anticipate any changes to Manitoba’s protein strategy despite the adversity of COVID-19. “It is progressing very well,” he told the Co-operator. “I don’t really foresee any changes.” The strategy, with the vision of making Manitoba North America’s protein supplier of choice by 2025, rolled out last September. Its goals include attracting

Farmers in western Manitoba are assessing the state of their soybean crops, following a hard frost.

Fingers crossed for frosted soybeans in western Manitoba

Among the other long-season crops, sunflowers will likely fare better than corn

[UPDATED: Sept. 23, 2020] Widespread frost in western Manitoba last week damaged longer-season crops, but the extent wasn’t known at press time, and in many cases won’t be until harvest is completed. Some farmers on social media said they feared their soybeans were severely injured. But it might not be as bad as some think unless the soybeans


Cereal, pea yields above average so far, canola disappointing

Cereal, pea yields above average so far, canola disappointing

Manitoba farmers are liking their wheat yields but are a bit disappointed with their canola

Manitoba farmers are seeing above-average spring cereal and pea yields and average to below-average canola yields so far this harvest, Manitoba Agriculture and Resource Development (MARD) extension specialists from four of Manitoba’s five regions said last week. As of Sept. 8 spring wheat yields were ranging from 45 to 100 bushels an acre, the specialists

As of Sept. 8, Manitoba’s 2020 canola harvest is well behind the three-year average pace.

Lots of canola in fields, vulnerable to the elements

The extent of damage from the most recent snap has yet to be fully assessed

Given the late start to planting this spring, there remains a lot of canola in fields across the Prairies. Manitoba Agriculture on Sept. 8 reported canola in the province was 22 per cent combined, up from seven per cent the previous week, but the three-year average is 57 per cent complete. Yields were said to



Manitoba harvest passes halfway mark, yields see broad range

Manitoba Crop Report and Crop Weather report for September 15

Southwest Region Mostly dry weather allowed farmers to continue harvest this week. Temperatures were variable, with cool and frosty nights throughout the week, reaching double-digit daytime highs. Smoke coming from west has developed into a haze over the entire region in the past three days, causing a slowdown in harvest in some areas. Overall rainfall