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Canola

A canola field blooms in Manitoba’s Interlake on July 11, 2019. (Greg Berg photo)
Crops, Markets, Weather

Canola production paths diverge for Canada, Australia

Issues seen in Canadian crop quality, logistics

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MarketsFarm — Canola production is on different paths in Canada and Australia, according to the respective attachés from the U.S. Department of Agriculture (USDA). For the world’s top two canola exporters, the attachés forecast production in Canada to remain steady and project strong gains for Australia. USDA’s Foreign Agricultural Service (FAS) published the reports Monday,
(Gassen/iStock/Getty Images)
Crops, Markets

China yet to resume all canola imports from Canada, officials say

No correction measures yet shown, Chinese foreign ministry says

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Beijing | Reuters — China has yet to resume all canola imports from Canada, the foreign ministry said on Friday, after suspensions were imposed on some suppliers last year. Canola imports from some Canadian exporters were suspended by China because of quality reports and it has not received any correction measures, so imports have not
(File photo by Dave Bedard)
Crops, Markets

Funds covering shorts in canola

Traders also move to net long in Chicago soybeans

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MarketsFarm — Fund traders covered short positions in canola and moved to a net long position in Chicago soybeans during the week ended Wednesday, 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 Wednesday at
Crude oil tanks at Kinder Morgan’s Sherwood Park, Alta. terminal on Nov. 14, 2016. Soyoil, a bellwether for canola, is closely connected to world crude oil prices.
Grain Markets, Markets

Canola futures remain steady amid pandemic

Their alignment with soyoil ties canola values to crude oil’s fortunes

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Despite turmoil around the world due to the COVID-19 pandemic, canola prices didn’t change much from week to week. ICE Futures’ May canola contract closed March 20 at $461.70 per tonne; by March 26, May canola was at $462.80 per tonne. Fuelling that steadiness has been soyoil on the Chicago Board of Trade (CBOT). Closely
Editorial, Farmit Manitoba, Other

Editor’s Take: Who’d have thought?

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It’s been another week of surprises. Who’d have thought we’d see gasoline prices below 60 cents a litre again? Who’d have thought we’d see the federal government backstopping 75 per cent of the wage bill for the entire country? Who’d have guessed the concept of a universal basic income would suddenly be on the minds
Minister of Agriculture and Agri-Food Marie-Claude Bibeau and Minister of Innovation, Science and Industry Navdeep Bains at a March 23 news conference as efforts continue to help slow the spread of coronavirus.
News

Bibeau defends COVID-19 response for agriculture

Canada’s agriculture and agri-food minister says FCC boost and advance repayment deferrals will help with cash flow for farmers

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The government’s boost to Farm Credit Canada’s lending capacity and delaying repayment of cash advances is aimed at addressing immediate agriculture sector cash flow concerns — but there’s more to come. That was the word this week from federal Agriculture and Agri-Food Canada Minister Marie-Claude Bibeau. FCC is getting a $5-billion boost to its lending
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola loses strength at midweek

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MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the week, rumours swirled regarding the
(USDA.gov via Flickr)
Crops, Markets

U.S. projects wheat acres at record lows, increases for soy, corn

Grain stocks as of March 1 down on year

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MarketsFarm — As with last year, total wheat acres in the United States are projected to remain at all-time lows, according to the U.S. Department of Agriculture (USDA). The department issued its prospective plantings estimates Tuesday. MarketsFarm director of markets and weather Bruce Burnett called USDA’s wheat and soybean estimates positive, while he said its
(Photo courtesy Canola Council of Canada)
Crops, Markets

Canola dockage agreement with China expires, but limited exports to continue

Most remaining shipments meet Beijing's requirement

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Exports of Canadian canola seed exports to China will continue, at the same reduced pace seen since March last year — but only if it contains less than one per cent dockage. A memorandum of understanding (MOU) between the two countries allowing higher dockage ends Tuesday (March 31), a Canadian government official said in an

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