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Canola

“If you think about removing greenhouse gases from the atmosphere, the best thing you can do is increase agricultural yields.” – Curtis Rempel, Canola Council of Canada.
News, Oilseeds

Biofuels drive canola demand

Canola Council of Canada aims for yield research to meet demand

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The Canola Council of Canada is seeking ways to increase yields to meet the rising demand for biofuels. “Biofuels seem to be taking the front-and-centre space for the oilseed sector, at least in Western Canada,” said Curtis Rempel, vice-president of crop production and innovation. Why it matters: The canola industry represents 207,000 jobs, $12 billion in wages and nearly
Joe Gardiner of Covers & Co. (left) and Scott Chalmers of the Westman Agricultural Diversification Organization 
near Melita.
Crops

Matchmaking intercrops: forage soybean and corn

Residual nitrogen, soil health and extended grazing among the potential benefits being tested with the oddball intercrop

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Glacier FarmMedia – The Westman Agricultural Diversification Organization has done a lot of work with intercrops, from honing the agronomy of more established companions like ‘peaola’ (peas and canola), to trying out new mixes like pulses and flax. A novel trial at the research farm’s site near Melita this year put soybeans amid the corn.
Canadian Agriculture and Agrifood Minister, Lawrence McCauley (right) and CCC vice president, crop production and innovation, Curtis Rempel at the funding announcement at the Bruce D. Campbell Farm and Food Discovery Centre at Glenlea, Man. Photo: Don Norman
Crops

Canola sector gets research boost

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The federal government is putting up $9 million to drive the sustainable growth of Canada’s canola sector. The funding comes from the AgriScience Program—Clusters Component, an initiative under the Sustainable Canadian Agricultural Partnership and was announced today (Nov. 14) in Winnipeg by Lawrence MacAulay, the federal agriculture minister. “This new Canola Cluster will build on
Managing farm data needs to get simpler and connectivity must grow before digital agriculture can truly take off.
News

The roadblocks to digital agriculture

What’s it going to take for agriculture’s ability to use data to catch up to its ability to gather it?

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You’d be hard-pressed to find a farmer who has bought into digital agriculture more than Rick Rutherford has. The seed grower and owner of Rutherford Farms has spent over a decade collecting data on his operation northwest of Winnipeg near Grosse Isle. He’s partnered with digital ag accelerator EMILI (Enterprise Machine Intelligence and Learning Initiative)
Canola crush margins are already historically wide and domestic processors show good demand.
Grain Markets, Markets

Fund traders not looking to lose their shorts

Signs of a corrective bounce exist, but so does a record-high net short

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ICE Futures canola contracts lost roughly $150 per tonne over the past two months, as speculators put on large short positions and exaggerated the seasonal harvest pressure. Values hit fresh four-month lows as the calendar flipped to November, but the market was also showing signs of a possible corrective bounce. The most active January contract
ICE January 2024 canola with 20-day moving average (yellow line, right column) and CBOT January 2024 soybeans (green line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Soy complex supporting canola

'Canola has been largely pulled up'

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MarketsFarm — Amid falling crude oil prices, canola prices are staying strong, largely due to the Chicago soy complex, according to a Calgary analyst. Errol Anderson of ProMarket Communications has been impressed with canola’s recent rise. The January contract on ICE Futures was as low at $672 per tonne on Nov. 2 before rising to
“This is the part of the message nobody wants to hear, but there are some fields that aren’t suitable for things like soybeans and corn if they deal with higher levels of background salinity.” – Marla Riekman, Manitoba Agriculture.
Crops

Leaching dollars: Salinity and high-value crops

Salinity can only be managed, not fixed, so every acre is not a soybean acre

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Manitoba’s weather patterns leave fields at risk for salinity to rear its head. Salinity is a water problem, not a salt problem, said Manitoba Agriculture soil management specialist Marla Riekman. It’s a symptom of big variation in water table levels, wherein rising water brings up dissolved minerals, only to orphan them high in the soil
(File photo by Dave Bedard)
Crops, Markets

Net speculative short position in canola tops 100,000 contracts

Net long increases in CBOT soy

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MarketsFarm — Speculative fund traders continued to add to their large short positions in canola futures during the last week of October, taking the net managed money short position over 100,000 contracts for the first time on record, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As
Green soybean plants
Grain Markets, Markets

Grain traders turn gaze southward

Expert's Radar: Rains have been helpful for Argentina and Australia

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Most of the Canadian Prairies were blanketed with snow during the last week of October, which likely had many people dreaming of vacations to warmer climates to the south. With the Canadian harvest all but wrapped up, and the United States in its final stages, the grain markets are also shifting their attention southward. Argentina
The October supply and demand report from AAFC had little effect on canola’s price movements.
Grain Markets, Markets

It wasn’t a good week for canola prices

The soy complex drags on canola values

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Canola prices for the week ended Oct. 26 took a hard hit, with the front contracts falling well below the psychological support level of $700 per tonne. A big reason for those declines was canola’s faithfulness to the soy complex on the Chicago Board of Trade, and in particular soyoil.  The path taken by the latter

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