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Canola

Australian crop production set to skyrocket in 2020-21
Markets, News

Australian crop production set to skyrocket in 2020-21

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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
(Dave Bedard photo)
Crops, Markets

Fund short position edging down in canola

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MarketsFarm — The managed money net short position in canola saw a slight reduction in mid-June, as speculators covered short positions in the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at
Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)
Crops, Markets

Weekly canola exports well below average

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MarketsFarm — Weekly Canadian canola exports fell to their second-lowest level of the 2019-20 crop year-to-date during the week ended Sunday, according to the latest data from the Canadian Grain Commission. Only 80,300 tonnes of canola were exported during the 45th week of the crop year, down 44 per cent from the previous week and
ICE canola can’t hang on to its recent gains
Grain Markets, Markets

ICE canola can’t hang on to its recent gains

Canola traders will now turn their attention to the skies

By
ICE Futures canola contracts ran into resistance during the week ended June 11, repeatedly trying and failing to continue the short-covering rally that had boosted prices off of nearby lows to start the month. Intermonth spreading was a feature, accounting for heavy volumes on occasion, as traders rolled out of the nearby July contract into
(File photo by Dave Bedard)
Crops, Markets

Grain exports flow fast as pandemic lockdowns clear rail capacity

Traffic accelerates on lower coal, crude volumes

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Winnipeg | Reuters — Canadian grain exporters are boosting sales in a slumping global economy, as demand for commodities like oil weakens and frees up railway space. Brisk crop movement in a country that relies heavily on rail is a bright spot during pandemic lockdowns, which have hammered most industries. “We’ve had an almost unlimited
Crop Report, Crops, News

Strong winds delay herbicide applications, some re-seeding in canola, soybeans seen

Manitoba Crop Report and Crop Weather report for June 16

By
Southwest Region Favourable weather over most of last week gave producers a chance to complete seeding and some spraying. Limited rainfall, but some isolated thunderstorms brought rain to Kola and Dand area, recording the highest amounts at 30mm and 19mm, respectively. There was isolated reports of hail and very heavy winds over the weekend in
Potential clubroot control shows promise in the lab
Crops, News

Potential clubroot control shows promise in the lab

The next phase is greenhouse testing followed by field trials

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Saskatoon-based MustGrow Biologics Corp. is working on a product derived from mustard seed it says will potentially control clubroot, a yield-robbing canola disease currently without chemical control. It has infected thousands of acres in Alberta and is spreading in Saskatchewan and Manitoba. “In the lab we are seeing 100 per cent control (of clubroot spores),” MustGrow’s chief operating officer Colin
File photo of Cong Peiwu, China’s ambassador to Canada, speaking at the Chinese Embassy in Ottawa on Nov. 22, 2019. (Photo: Reuters/Blair Gable)
Markets

U.S. is ‘trouble maker’ in China-Canada relationship, envoy says

No word on whether China would retaliate against Canada over latest court decision

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Ottawa | Reuters — The United States is using the case of a senior Chinese telecoms executive who was arrested in Vancouver on a U.S. warrant 18 months ago to create friction between China and Canada, China’s envoy to Canada said on Thursday. “The U.S. has been taking advantage of Canada, and the U.S. is
Grain Markets, Markets

Canola gains on veg oils’ strength

Pressure comes from the loonie’s recent improvement against the U.S. dollar

By
Canola prices climbed higher during the week ended June 5, despite strength in the Canadian dollar that would typically have a bearish effect on prices. Nearby canola contracts started the week at $457.10 per tonne and posted losses on Monday before rallying on Tuesday. By June 4, nearby contracts closed at $463.60 per tonne. The Canadian dollar was over 74

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