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Canola

Almost three-quarters of farmers recently surveyed say they fear the pandemic will hurt their incomes.
News, Other

Survey says… farmers need COVID cash

As seeding looms, producers fear the pandemic will cut their income

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COVID-19 has North American farmers worried so they are asking their respective federal governments for cash. Almost three-quarters of farmers taking part in recent surveys in Saskatchewan and the United States said they fear the pandemic will hurt their incomes. “Farmers need cash to be able to get their crop in the ground this spring,
Coronavirus leaves grain markets uncertain
Grain Markets, Markets

Coronavirus leaves grain markets uncertain

A lot remains to be worked out as spring marches ever nearer

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COVID-19 remained the overarching feature of just about everything in early April — the grain and oilseed markets included. The virus has touched all aspects of society and the ongoing uncertainty of what it means for trade led to choppy activity in the agricultural commodities. Canola futures bounced around during the week ended April 9,
(Dave Bedard photo)
Crops, Markets

Funds still net-short on canola

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MarketsFarm — Fund traders were on both sides of the canola market during the first week of April, reducing their net short position slightly, 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 April 7
Grain Markets, Markets

Snowbound farmers’ reduced sales drag on canola values

Unfounded intel suggesting a breakthrough on the canola ban was briefly supportive

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Cold spring temperatures and a late snowstorm depressed canola markets during the week ended April 3. While nearby contract prices started the week with relative strength, that petered out by midweek when an impressive amount of snow fell in eastern Saskatchewan and western Manitoba. That, combined with cold temperatures, discouraged some farmer selling and sidelined some trading activity. Earlier in the week,
A once-reliable trading partner is throwing its weight around again.
News, Oilseeds

China decrees dockage reduction

The country has also indicated it will continue its lacklustre buying of canola

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For a few hours last week Canadian farmers thought they were getting back China. In a world grappling with a global pandemic, the return of their biggest canola seed customer was a shot of good news. But the news report saying that was wrong, dashed their hopes. Instead what they got was another turn of
The Chinese/canola puzzle
News, Oilseeds

The Chinese/canola puzzle

What’s really behind the canola ban?

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Huawei, dockage or both? When it comes to China’s strategy on Canadian canola seed it’s anyone’s guess to which takes precedence. “Who knows how much weight is given to the dockage issue,” Canadian Canola Growers Association president and CEO Rick White said in an interview March 31. “I think they just want to control it.
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Crops, Markets

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

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MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7
Steve Mackenzie-Grieve pulls harvested wheat from a grain bin at the Yukon Grain Farm near Whitehorse February 19, 2020.
Farmit Manitoba, News

Wheat in Whitehorse: How climate change could open a new frontier

Will the Great White North become the Great Green North?

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After failing to grow wheat in Canada’s subarctic Yukon territory 15 years ago, farmer Steve Mackenzie-Grieve gave it another shot in 2017. Thanks to longer summers, he has reaped three straight harvests. This spring he plans to sow canola on his family’s 450-acre farm near Whitehorse, a city not much farther from the North Pole

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