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Canola

Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Crops

Supply chain working but canola groups have concerns

Federal field trials need to continue and growers need protective equipment, they say

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There have been no issues so far with supplies of inputs and parts, transportation or oilseed processing during the pandemic, canola industry officials report. “We’ve been really focused on making sure farmers have access to inputs and resources to get the 2020 crop in the ground,” Canola Council of Canada president Jim Everson said during
Comment: COVID-19 and the Canadian food supply chain
Comment, Op/Ed

Comment: COVID-19 and the Canadian food supply chain

Canada’s food security isn’t threatened but supply chains will see substantial adjustment

Your bread and salad dressing will still be on the shelves, but that does not mean that everything is normal. Food supply chains are long, complex and certainly could be impacted by COVID-19. Fruits and vegetables Imported sources appear to be stable and the refrigerated trucking industry continues to supply adequate transport. It is likely
This field of soybeans near Altamont was snow covered Oct. 17, 2019, but was eventually harvested last fall. However, more than 400,000 acres of annual insured crops weren’t harvested as of Nov. 20, 2019.
Crops, News

What acres remain from harvest 2019 unclear

It’s believed a lot of corn and sunflowers were combined this winter, but it’s not clear how much of other crops remain to be harvested

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Last fall thousands of acres went unharvested because of wet conditions. How much crop was taken off between then and now is unknown, as are the number of acres still worth harvesting. “From what we understand most producers really haven’t been able to address their unharvested acres in any fashion either to combine it, or destroy it, or whatever,” David Van Deynze, Manitoba Agricultural Services Corporation’s
$16 billion pledged to U.S. farmers due to COVID-19
News

$16 billion pledged to U.S. farmers due to COVID-19

USDA predicts lower prices for most commodities, excluding wheat and rice

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While the Canadian Federation of Agriculture asks for ad hoc subsidies to help Canadian farmers to offset lower incomes expected due to COVID-19, the United States administration could spend as much as $25 billion to help its farmers due to the pandemic. American farmers will receive billions of dollars of subsidies through direct payments. But
Traders and farmers alike will eventually need some sort of guidance as to what’s being planted in 2020.
Grain Markets, Markets

Farmers, traders will have to make do without crop area report

StatsCan isn’t sure it has enough information for a credible report

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Statistics Canada will not issue its crop area report on April 24 as originally scheduled. The COVID-19 pandemic has forced the federal agency to rethink its tasks, and one major change was to postpone a number of upcoming agricultural reports. Ken Ball, a trader for PI Financial in Winnipeg, suggests the markets can do just
ICE Futures May 2020 canola (candlesticks) and CBOT May 2020 soybean oil (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola gains strength at midweek

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MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold due to bearish sentiments from outside markets earlier in the week, but prices were steadily bouncing back. Nearby ICE Futures canola was down Monday by

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