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Canola

ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola correcting off lows

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MarketsFarm — The ICE Futures canola market fell sharply over the last half of January but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” MarketsFarm Pro analyst Mike Jubinville said of the recovery in canola. The March contract hit a session low
File photo of canola under snow in October 2016. (Lisa Guenther photo)
Crops, Markets, Weather

Unharvested crops skew StatsCan stocks data

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MarketsFarm — Canadian canola stocks were slightly tighter at the end of the 2019 calendar year compared to the previous year, according to updated Statistics Canada data. However, adverse harvest conditions left a large amount of the crop unaccounted for in the survey, which skews the overall supply/demand outlook. “Because of poor weather conditions during
The challenging 2019 growing season underlined the need for an equipment line that gave farmers flexibility.
Crops, Equipment

Keep your farm team in the loop

An agronomist can be a valuable resource when buying equipment

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Should more farmers consult with their agronomist before they make equipment decisions? That was the topic posed to a panel at the Manitoba Agronomists Conference in Winnipeg last December that included a Manitoba farmer, a consulting agronomist and an agronomist with an equipment manufacturer. Jeff Strukoff, a professional agrologist with Bourgault Industries in Saskatchewan, said
(Dave Bedard photo)
Crops, Markets

Fund short position grows in canola

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MarketsFarm — Large fund traders were betting that canola and soybean futures would move lower in late January, with the net managed money short position in both oilseeds rising in 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
(Dave Bedard photo)
Crops

Bayer considers new tactic in Roundup settlement talks

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Reuters — As Bayer tries to settle U.S. lawsuits claiming that its Roundup herbicide causes cancer, the company is considering a proposal that would bar plaintiffs’ lawyers involved in the litigation from advertising for new clients, according to a person familiar with the matter. Bayer has said it is engaged in mediation to resolve the
Employees at the Tiplam terminal in Santos, Brazil load soybeans on a cargo ship bound for China on March 13, 2017.
Markets, Oilseeds

Beijing is in control of global soybean market

China’s demand is dropping as it commits to more U.S. supplies

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China is pretty much in control of the global soybean market, and could stay in that position for the rest of 2020. Following the signing of the Phase 1 trade pact between the United States and China, it was widely expected soybean prices on the Chicago Board of Trade (CBOT) would shoot up — especially since the deal requires China to dramatically increase its agricultural purchases from the U.S.
MASC has announced its new offerings for 2020, including a contract price option for canola and peas, wildlife damage coverage for grazed forages and a new crop covered under organic insurance.
Crops, News, Other

What’s new in crop insurance for 2020?

MASC offerings this year will include better price options for high-value crops and expanded programming for novel crops, organics, feed crops and strawberries

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MASC has come out with its list of program changes for 2020, and some sectors may have reason to celebrate. The list of changes, presented at Ag Days by Manitoba Agriculture and Resource Development Minister Blaine Pedersen, includes a higher price option for high-value crops, expanded portfolios for organic and novel crop insurance and more
Maurice Melnyk (right) of Penner Farm Services fields grain dryer questions from a potential customer during Ag Days 2020.
News, Other

Calls mount for grain drying exemption on carbon tax

Manitoba’s government and farm groups hope that Ottawa will be swayed by hard numbers on grain drying carbon tax cost

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[UPDATED: Jan. 30, 2020] Maurice Melnyk of Penner Farm Services doesn’t need anyone to tell him that carbon tax hit farmers hard this fall — he’s seen enough grain drying bills. Dryers are Melnyk’s business, being the grain-handling sales specialist at the Blumenort farm dealer. The carbon tax has been a common complaint among his customers. “Because of

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