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Canola

Blooming rapeseed field at sunset
Grain Markets, Markets

Lingering old-crop supplies limit canola futures’ climb

U.S. seeding delays could lift spring wheat — but not yet

By
ICE Futures canola contracts moved higher during the week ended June 14, but ran into upside resistance as conflicting influences pulled on the market. Weather concerns, both in the United States and Canada, were a major supportive influence. Excessive moisture across the U.S. Midwest has left many intended corn acres unplanted. Soybeans can go in
Crop Report, Weather

Warmer temps stimulate crop growth, insect trapping underway for berthas, diamondback moths

Manitoba Crop Report and Crop Weather report for June 18

By
Southwest Region A much-needed rain received across the Southwest this past week. Most areas reported 25 mm or more. Hamiota, Miniota, Newdale, and Rivers reported 25 to 35 mm. Ninette, Souris, and Lenore reported 40 to 60 mm. Daytime temperatures have improved and this will benefit growth; however overnight temperatures still reaching single digit lows.
(Erdinhasdemir/iStock/Getty Images)
Crops, Markets

Canola export forecast raised for 2019-20

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MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Crops

Canada rejects idea of halting Huawei CFO’s extradition

By ,
Ottawa | Reuters — Canadian Foreign Minister Chrystia Freeland on Thursday dismissed a suggestion that Ottawa block the extradition of a top executive from China’s Huawei Technologies to the United States, saying it would set a dangerous precedent. Huawei’s chief financial officer Meng Wanzhou, who was arrested on U.S. fraud charges in Vancouver last December,
Agriculture and Agri-Food Canada’s Drought Monitor has reported 37 per cent of Western Canada is in a moderate to severe drought.
Grain Markets, Markets

Dry conditions on Prairies spur rally in canola values

Chicago futures may slip if U.S. growers are able to plant


By
By far the biggest factor for canola bids this past week was the weather. Persistent dry conditions throughout much of Western Canada have continued to provide a weather premium for canola, which helped to spur a 10-day rally that ended June 6. Starting May 24, the July ICE contract gained $12.90 per tonne to reach
Farmers have been out in the field reseeding canola after flea beetles feasted on weakened crops
suffering through a cold, dry spring.
Local news, Oilseeds

Triple threat leads to canola reseed spike

Farmers headed into the field for round two of canola seeding last week after dry conditions, frost and flea beetles sabotaged their first stands

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If you were reseeding canola last week, you were far from alone. MASC reported a sudden spike in reseed claims the first week of June, most of them from canola fields. Canola claims jumped from 182 as of May 30 to over 700 by June 7. The agency had received 850 reseed claims across all

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