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Farmers caught in C-234 partisan conflict
News

Farmers caught in C-234 partisan conflict

Bill C-234 seems set to languish with Senate amendments

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Liberals are defending their pet policy while Conservatives are seeing blood in the electoral waters, likely leaving farmers holding the bag on Bill C-234, analysts say. “The ones who get hurt by this are farmers,” said Dave Carey, vice-president of government and industry relations with the Canadian Canola Growers Association. Why it matters: Bill C-234
Swathed canola dries down in preparation of harvest in Manitoba's Interlake.
Grain Markets, Markets

Several factors weigh on canola prices

Will canola now recover, or continue to spiral downward?

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After continuing to take a barrage of heavy hits during the week of Dec. 1 to 7, canola futures on the Intercontinental Exchange are now faced with a fork in the road. They can either resume the downward spiral, busting through support level after support level, or they could see successive increases that could bring
Global Clean Energy owns 20 patented spring and winter varieties of camelina. One of the newest varieties has confirmed resistance to imazamox and imazethapyr, the active ingredients in BASF’s Beyond and Pursuit Group 2 herbicides.
News

Camelina boosters see bright future ahead

Largest firm in sector sees potential for quick acreage growth over next decade

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Glacier FarmMedia – Camelina is poised for takeoff as the renewable diesel and sustainable aviation fuel industries ramp up, says a promoter of the crop. Mike Karst, senior vice-president of Global Clean Energy and president of its subsidiary, Sustainable Oils, has been promoting the oilseed since 2007. There have been many momentum ebbs and flows
Photo: Canstock
Markets

Funds back adding to shorts in canola after month of covering

Corn traders were on the other side of the market

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After a month of covering short positions, fund traders were back adding to their bearish bets to start December, with the net short position in the oilseed growing by roughly 13,000 contracts, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Growers are starting to feel the pinch of inflation, high interest rates and rising labour costs.
News

Inputs strike sour note on farm cash receipt rise

Farm cash has been flowing in fast, but it’s been flowing out fast too

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Manitoba farm groups were unsurprised by a recent Statistics Canada report into last year’s farm income, which flagged increased farm cash receipt and higher input costs. After all, Keystone Agricultural Producers director Chuck Fossey noted, it’s almost the end of 2023. Farmers lived those price trends and have seen how things carried into this year. “We
Photo: Thinkstock
Markets

China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

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China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
The latest projections for Brazil’s 2023-24 soybean crop has delivered a startling reality check.
Grain Markets, Markets

Brazilian numbers could outweigh StatCan projections

At press time the trade was parsing the Latin American numbers and anticipating Canadian ones

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Everyone who has celebrated Christmas has at least once received a gift where their first thought after unwrapping it was, “it’s not quite what I expected, but it’s the thought that counts, I guess.” Three weeks before the big day, growers, traders and analysts may have received one of those gifts from Statistics Canada. The

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