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Canola

ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Falling canola market seeks support

Canola seen as 'fairly cheap' but not attracting interest

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MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The oilseeds are very swingy and
Grain market relativity
Grain Markets, Markets

Grain market relativity

Expert’s Radar: The difference between contract months may indicate level of demand

By
On the Prairies, distance between two places can be measured in many ways, and the official unit of kilometres is among the rarest. Grid roads were established every mile well before the introduction of the metric system, while time as a distance measurement is even more common. “It’s about 20 minutes away. Turn left, drive
(File photo by Dave Bedard)
Crops, Markets

Fund short position hits new record in ICE canola

Traders return to net long on soybeans

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MarketsFarm — The net speculative short position in the ICE Futures canola market rose to its largest level ever recorded as fund traders put on fresh bearish bets and liquidated previously placed long positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 24, the
Today’s bins can hold more than 10 times the volume of structures a generation ago, but with this capacity comes challenges to keep grain in good condition.
News

Storage strategies change with bigger bins

As storage systems have grown, more attention is needed to keep crops safe

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In the 1970s, a standard bin was 14 feet in diameter with a capacity of 1,350 bushels. High rollers might add an extra ring to stretch that another 300 bu. There were bins 19 feet in diameter, with a 2,700 bu. capacity, but few farmers bought them because they were hard to shovel out and
“This will help farmers better understand field variability. Armed with that awareness, it could open up a comfort level in going down the path of variable rate.” – Troy McInnis, Moose Jaw Co-op.
Crops

The benefits of multiple soil tests

Selecting test sites for the least common denominator could waste opportunities

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Most farms don’t do even one yearly soil nutrient test per field, but maybe they should be doing three. Three tests would enhance farmer understanding of in-field variability in a way that one test cannot. Why it matters: Soil tests that demonstrate the variability of field conditions might prompt producers to adopt a three-test approach.
Canola’s bad day at the markets
News

Canola’s bad day at the markets

Veg oils drag canola below support levels

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Despite many signs indicating a rebound, canola prices instead took off in the other direction on Oct. 19. In a selloff that left many analysts checking their charts and scratching their heads, canola blew past support levels and had its largest one-day drop in just over a month. The November contract fell $19.50/tonne to end
ICE January 2024 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola pulling lower

Futures subject to 'financial gravity'

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MarketsFarm — Canola futures on the Intercontinental Exchange kicked off the week of Oct. 23-27 with sharp losses, as the most heavily traded January contract busted through its support level of $700 per tonne. Among the reasons for canola’s steep fall, as David Derwin pointed out, were the better than average yields from this year’s
(Dave Bedard photo)
Crops, Markets

Managed money adding to net short positions in canola

Canola at biggest net short position in months

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MarketsFarm — Managed money fund traders remain bearish canola, growing the net short position in the ICE Futures market to the second largest level of the past year, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Oct. 17, the net managed money short position in
Canola production is down from 2022 and more of it will likely end up with domestic crushers.
Grain Markets, Markets

Canada’s grain exports remain brisk

Export's Radar: Any unrest in the Middle East will sway energy and financial markets

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Harvest operations are wrapping up across the Prairies and attention in grain markets is turning to outside influences. Exports Canadian canola exports were running at a solid pace through the first 10 weeks of the 2023-24 marketing year, but that pace will be hard to maintain. Production was down on the year and more of
A symptomatic canola plant displays the telltale root galls of clubroot.
Crops, Oilseeds

Resistance not full answer to clubroot

Fall is the time to think ahead on clubroot management

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Glacier FarmMedia – Resistant canola varieties have played a major role in the war on clubroot, but they are not enough on their own, say agronomists. “Because clubroot is such a complex disease, it’s really important that we acknowledge that it will need a complex solution to manage it,” said Marissa Robitaille Balog, an agronomist

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