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Canola

(Dave Bedard photo)
Crops, Markets

Fund traders still bearish on canola

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MarketsFarm — Fund traders remained heavily on the short side in canola futures 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 62,709 contracts (1,100 long/73,809 short), which
A Metro Vancouver Transit officer watches as a train passes on a westbound track while protesters block eastbound tracks on a CP rail bridge at Port Coquitlam, B.C. on Feb. 13.
Grain Markets, Markets

Jury still out on blockades’ impacts on grain traffic

Reduced farmer selling has somewhat insulated prices so far

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Canadian news headlines have been dominated in recent weeks by reports of ongoing rail blockades and demonstrations in solidarity with the Wet’suwet’en nation — but the jury is out as to how the protests will impact Canada’s grain markets. A daily report from Canada’s Ag Transport Coalition detailed the impact that blockades are having on
The canola calamity
Farmit Manitoba, Oilseeds

The canola calamity

A hard harvest and tough storage season underline the need for a plan

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Last fall’s “harvest from hell” was like a laundry list of what could go wrong. First there was a drought for much of the growing season reducing yields. Then as harvest approached, Mother Nature turned on the taps at just the wrong time and kept them on. Throw in a Thanksgiving snowstorm and you’ve got
Federal Agriculture Minister Marie-Claude Bibeau speaks to media in Winnipeg on Feb. 13, 2020. (Dave Bedard photo)
Crops, Markets

Coronavirus stalls talks with China on canola ban

Officials 'not in position to pursue technical discussions,' Bibeau says

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Ottawa | Reuters — The coronavirus outbreak has stalled talks between Canada and China about Beijing’s decision to block Canadian canola seed shipments, Agriculture Minister Marie-Claude Bibeau said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive in December 2018, blocked all imports of canola seed last March on the grounds they
(File photo by Dave Bedard)
Crops, Markets

Fund traders still bearish on canola

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MarketsFarm — Large fund traders covered short positions in soybeans and corn during the week ended Tuesday, but continued to add to bearish bets in canola, 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
Marie-Claude Bibeau, federal agriculture minister, attended CropConnect 2020 last week in Winnipeg.
News

Bibeau announces funding, but offers little on standing issues

The federal agriculture minister spoke briefly last week in Winnipeg

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The federal agriculture minister told CropConnect attendees about two new programs last week, but had little new to say on long-standing producer concerns. Marie-Claude Bibeau was at the annual event to meet with Manitoba farmers and while there announced a total of $1.2 million in funding for the grain industry. Most of the money is
ICE Futures May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola values stuck in a range

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MarketsFarm — Canola prices came off of the long weekend in the green, but quickly gave back those gains at midweek, remaining stagnant and rangebound. While rail blockades across the country have hampered rail activity and backed up grain shipments, cold weather has slowed down farmer movement for canola. That has insulated canola prices from
Producers need to pay close attention to four essentials: understanding their situation, understanding their finances, knowing their cost of production and how their commodity is priced.
News, Other

Risky business? For farmers it’s just another day at the office

Peril can come in all forms, from the predictable to ‘black swan’ events

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Farmers, by the nature of their business, must embrace risk. But at the same time, they need to manage it. That was a central theme at the 2020 Keystone Agricultural Producers AGM during a recent Tuesday morning panel discussion on risk management, featuring two farm management experts. Eric Olson, a farm management consultant with MNP’s

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