Canola market likely to move lower

Canola market likely to move lower

The market is awaiting a June 29 report that could reveal a significant drop

Three factors will determine which way canola will move in the coming weeks – the Canadian dollar, the Prairie weather, and the Chicago Board of Trade, according to Errol Anderson of ProMarket Communications in Calgary, Alta. “I’m expecting the Canadian dollar to move up a bit, just because of United States dollar pressure. That could

Stronger winds than normal contributed to a jump in reseeding claims.

Windiest weather in 30 years adds to farmer woes

High winds have seen farmers make 1,100 reseeding claims

The windiest spring since 1990, alone and in combination with other perils, has seen a jump in reseeding crop insurance claims this year. As of June 18 there were just under 1,100 reseeding claims representing 264,000 acres, David Koroscil, Manitoba Agricultural Services Corporation’s (MASC) manager of claim services said in an interview June 18. “Of


ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola mixed at midweek

MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said

(Dave Bedard photo)

Little change seen in June’s crop supply/demand tables

MarketsFarm — Supply/demand estimates for Canada’s major crops saw little change in updated tables released Tuesday from Agriculture and Agri-Food Canada. Acreage estimates from Statistics Canada are due out June 30, and should lead to more sizeable adjustments in subsequent reports. Canola ending stocks were left unchanged at 2.6 million tonnes for the current marketing


Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)

Huawei CFO’s extradition hearing to stretch into 2021

Judge approves extended schedule sought by lawyers

Reuters — Hearings on Huawei chief financial officer Meng Wanzhou’s extradition to the U.S. from Canada will extend into late April 2021, according to documents released by a British Columbia court on Tuesday. Meng was arrested in December 2018 by Canadian authorities at the Vancouver International Airport on a U.S. warrant from the charging her

Crop staging advancing, reseeding efforts wrap up

Manitoba Crop Report and Crop Weather report for June 23

Southwest Region Relatively cold and drier week in the Southwest region as below normal temperatures persisted. Miniota, Shoal Lake, Oakburn and Melita areas got 15 to 17mm rain while other areas received less than 5mm, which is causing some water stress in crops. Growing degree- days are still less than normal in much of Southwest.


(Gassen/iStock/Getty Images)

Pompeo urges China to release two detained Canadians

U.S. Secretary of State calls charges 'groundless'

Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors

Flea beetle. (Photo courtesy Canola Council of Canada)

Flea beetle damage ‘moderate’ across Prairies so far

Levels in Manitoba hit thresholds for spraying, reseeding canola

MarketsFarm — Flea beetles, cutworms and diamondback moths are only a few of the pests Prairie farmers have to deal with — and this year, so far, damage from flea beetles and cutworms has varied, as have moth counts. “Flea beetles are common throughout the Prairies, everywhere we grow canola. We haven’t been able to


Ellen speaks to dieticians, chefs and food writers at an event in Toronto.

Canola advocate honoured by Dietitians of Canada

Faces of Ag: Trained as a teacher, Ellen Pruden has become a bridge between dietitians, chefs, food writers and the agricultural community

Canola Eat Well director Ellen Pruden is being recognized for her work bridging the gap between dietitians and agriculture. “Ellen has used her personal ties to Canadian agriculture to create unique and innovative opportunities for dietitians to learn about the complex world of farming and food production and has given us confidence to share that

Australian crop production set to skyrocket in 2020-21

Australian crop production set to skyrocket in 2020-21

After three years of drought, Australia will see its crop production spike in 2020-21, according to the Australian Bureau of Agriculture and Resource Economics and Sciences (ABARES). In ABARES’s June report, it noted that average to above-average rainfall has greatly assisted Australia’s main winter crops of wheat, barley, canola and chickpeas. However, the report said