Although canola futures on the International Exchange have lost a fair bit of value over the last several weeks, there is a case to be made that the Canadian oilseed is rangebound.
Canola
ICE Canada Weekly: Canola bouncing around in a large range
Oilseed crush, grain deliveries see mixed yearly changes
Changes varied in the amount of oilseeds crushed and grains delivered in Canada during the month of May compared to one year ago, according to Statistics Canada (StatCan).
Manitoba Crop Report: More wet weather across province
Crop development in Manitoba continued while isolated rains fell over the province during the week ended June 23.
Few changes expected ahead of StatCan report
It will be the second survey-based acreage report for 2024-25 from StatCan after the first was released in March. Since then, much of the Prairies received normal to above-normal amounts of precipitation while cooler temperatures have delayed development in most crops.
Wet conditions stoke sclerotinia fears
Wet weather means growers might be headed back to the trenches against the fungal disease
The ground is wet again, and that means potential sclerotinia issues for Manitoba canola growers. Timely fungicide application is crucial to stay ahead ofthe disease.
Bearish bets rise in canola futures
Bearish bets in the ICE Futures canola market hit their highest level in three months in mid-June, as speculative fund traders added to their large net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
When storms are supersized
There’s a recipe for what makes a summer storm severe
What turns a garden variety thunderstorm into a severe, and potentially crop damaging, thunderstorm?
Alberta Crop Report: Variable weather fails to dispel crop growth
Crop conditions across the province were rated at 72.9 per cent good to excellent, better than the five-year average of 68.8 per cent and the 10-year average of 70.2 per cent. The central region had the best rating at 78.2 per cent, followed by the Peace region at 75.7 per cent and the south region at 73.9 per cent, all above both historical averages. The northeast region was at 70 per cent, below its averages, while the northwest was in line with its average at 61.8 per cent.
AAFC raises wheat exports call, tightens carryout
Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
Canadian Ag Hall of Fame announces 2024 inductees
Bruce Coulman, Michael Eskin, Paul Larmer and Charles Vincent will be formally inducted on November 2 at a ceremony during the Royal Agricultural Winter Fair in Toronto.