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Canola

A wild ride to nowhere for canola prices
Grain Markets, Markets

A wild ride to nowhere for canola prices

In this case it was the journey, not the destination, that was exciting

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Canola futures on the Intercontinental Exchange closed out the week ending May 2 pretty much right back where they started. The July contract closed on Apr. 25 at $636.90 per tonne, fell back, and then worked back to the same price. It was a very similar story for the new crop November contract, from $653.70/tonne
Provincial seeding progress is about four per cent complete and slightly behind the 5-Year average of nine per cent for week 18.
Crop Report, Crops, News

Seeding progress delayed by recent rainfall

Manitoba Crop Report: Issue 2 (week 18)

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Seeding progress across the province has been delayed with recent rains and currently sits at approximately 4 per cent of the acres being seeded. Producers have begun seeding spring wheat, barley, oats, and corn. The Central region is most advanced with approximately 12 per cent of each of the major cereals planted. Weeds are quickly
Flea beetles chow down on a canola leaf.
Crops, Oilseeds

They’re baack: Canola council urges vigilance with flea beetles 

The annual fight with flea beetle pressure is about to begin

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Flea beetle damage was relatively low last year compared to the crushing pressure of previous seasons, but producers can’t afford complacency. “There was less foliar insecticide used for flea beetles than the previous years, and maybe less flea beetles to some degree, but there were still a lot of flea beetles out there,” said Manitoba
Even with El Nino waning, it's forecast to be a hot summer in Western Canada.
Grain Markets, Markets

No one knows where canola prices are headed

A strong week with a weak ending highlights the uncertainty

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Canola seeding is set to begin on the Prairies and canola prices are in a state of indecision. It feels odd to make that assessment after the July canola contract on the Intercontinental Exchange gained $14.60 per tonne during the week ended April 25, to close at $636.90. However, two straight days in the red
Canola blooms in central Manitoba under an overcast sky.
News, Oilseeds

Building a better canola with broccoli

Traits from related species may punch up canola diversity

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Glacier FarmMedia – There’s little doubt that canola is a powerhouse crop. Nationwide, it covered nearly 22.1 million acres last year, more than 99 per cent of it on the Prairies. The Canola Council of Canada puts its economic contribution at nearly $30 billion a year. A University of Alberta researcher, backed by the Natural Sciences and Engineering Research Council of Canada (NSERC) and Bayer Crop Science,
Canadian 2023-24 canola production of about 18.3 million tonnes was down slightly the 18.7 million tonnes grown the previous year.
Grain Markets, Markets

What’s putting pressure on canola?

Expert’s Radar: The short answer is that export demand just isn’t there

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After attempting to show strength for most of March and early April, the canola futures market took some hits, with the bias shifting lower once again. Old/new crop spread: Tightening stocks and the need to secure deliveries ahead of new crop availability often see old crop canola contracts trade at a premium to new crop
Photo: Canstock
Markets

Canola net short position edges lower

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The managed money net short position in canola futures edged lower in the latest reporting period, as fund traders covered some of their bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

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