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Canola

(Dave Bedard photo)
Crops, Markets

Funds reduce net short position in canola

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MarketsFarm — Fund traders were covering short positions in canola during the week ended Tuesday, 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 48,614 contracts (886 long/49,500 short), a decrease of about
(MarketsFarm graphic)
Markets

Burnett on Markets: Suddenly agriculture is important

COVID-19 is putting food security in the spotlight

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MarketsFarm — A trend has developed in the business news channels over the past week that has not been hard to miss. Suddenly the CEOs of big agriculture and food concerns are being featured front and centre during the business segments. Usually these companies are noted only when they release quarterly results and even then
Grain growers are up against an added layer of uncertainty as they get ready for spring seeding and, in some cases, to complete last fall’s harvest.
Grain Markets, Markets

Currency weakness supportive for Canadian-grown commodities

Wheat futures drew some strength from demand for shelf-stable goods

By
It’s a fluid situation’ was the phrase of the week as the COVID-19 coronavirus pandemic infected everything it touched. The grains and oilseeds were not immune to the large swings seen in the global financial markets, but did manage to hold up reasonably well, all things considered. Social isolation, quarantines, travel restrictions and general worldwide
Farmer Steve Mackenzie-Grieve pulls harvested wheat from a grain bin at the Yukon Grain Farm near Whitehorse on Feb. 19, 2020. (Photo: Reuters/Crystal Schick)
Crops, Markets, Weather

Wheat in Whitehorse: How climate change helps feed Canada’s remote regions

Newfoundland and Labrador also pushing to expand arable land base

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Winnipeg/Ottawa | Reuters — After failing to grow wheat in the 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 further from
A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening of trading in New York on March 13.
Grain Markets, Markets, Other

Crude oil war, COVID-19 fears drag commodity markets lower

Uncertainty has sidelined many participants in the canola market

By
Canada’s grain markets haven’t been immune to the growing panic surrounding the COVID-19 coronavirus and its impact on global economies. At the start of Monday’s trade, crude oil futures plummeted by over 30 per cent following a dissolved agreement between Russia and Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries
Some of Andre Harpe’s swathed canola is shown in this photo taken Feb. 28.
Crops

Harvest Part 2 looms for some as spring seeding approaches

Dealing with unharvested crops will be different on every farm but having a preliminary plan is still key

By
Unharvested 2019 crop will be the first thing many western Canadian farmers will have to deal with this spring. There is no easy or one-size-fits-all answer on how to best handle these crops. The ideal option is probably to combine them because they’ll be worth something, crop insurance may require it, and this step removes
File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)
Crops, Weather

Unseasonal rain, hail damage winter crops in India

Crop quality issues may pressure prices

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New Delhi | Reuters — Unseasonal torrential rains and hailstorms have damaged the winter-planted crops of millions of Indian growers, inundating wheat, potato, chickpea and rapeseed farms in large parts of the fertile northern plains, farmers said. Most farmers were caught by surprise by the repeated rain and hail that has lashed fields full of

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