USDA report surprises oilseed market

USDA report surprises oilseed market

Traders were expecting a lower yield number and when they didn’t get it, they reacted

ICE Futures Canada canola contracts may have finally topped out after the USDA’s monthly supply-and-demand report put the entire oilseed sector under pressure. Canola futures began climbing back in the early part of September, eventually rising above the $520-per-tonne mark. However, that changed on Thursday, November 9, when the USDA left its prediction for soybean

Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

China’s Cofco seeks larger Canadian canola volumes

Winnipeg | Reuters — State-owned Chinese agribusiness Cofco Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. Cofco opened its Canadian trading office in


Dr. Alan Moulin takes tour attendees through the field.

Mixing and matching inputs and rotations

Brandon researchers spent 18 years combining three different input levels and crop rotations to study the impact on nutrients, soil quality, yield and implications for climate change

Farming for short-term yield will be different than long-term soil benefit. That’s not a new idea, but it has been driven home by 18 years of research spearheaded by researcher scientists Alan Moulin and Taras Lychuk of Brandon’s Agriculture and Agri-Food Canada research station. From 1994-2003, the pair’s team cross-compared organic, reduced- input no till,

Record weekly canola exports reported

Record weekly canola exports reported

Winnipeg | CNS Canada – Canada exported the most canola in a single week ever during the week ended November 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year of



Fence and canola crop

An up-and-down week for canola prices

Prices hit highs not seen since summer but fell back by the end of the week

ICE Futures Canada canola futures touched some of their best levels since July during the week ended November 3, but ran into resistance at the highs and were right back where they started by Friday’s close. The January contract hit a session high of $522.50 per tonne on November 2, but was back below the


The Manitoba Canola Growers Association thinks an opportunity could exist for canola producers to sell their product into the biodiesel market.

Carbon tax could translate into more demand for canola

“Nobody like taxes… but there is also going to be some opportunities,” as a result of Manitoba’s climate and green plan, Manitoba Canola Growers Association (MCGA) president Chuck Fossay told the Keystone Agricultural Producers’ advisory council Nov. 2. While the plan includes a flat $25-a-tonne carbon tax starting sometime next year, it also says if