ICE November 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola prices ‘cheap’ but rangebound

Trade also watching U.S. soy complex

MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per



A lygus bug.

Carbine gets green light against lygus bugs

Product gets emergency approval for use in confection sunflowers

Manitoba farmers have emergency approval to use Carbine against lygus bug infestations in confection sunflowers. The Manitoba Crop Alliance noted the allowance in a press release July 28. “The need for an emergency use registration was identified in the wake of the re-evaluation of lambda-cyhalothrin product use in Canada, which left a void in lygus bug control

(Photo: Reuters/Diego Vara)

Saskatchewan Crop Report: Dryness continues as harvest begins 

Since April 1, the entirety of the province received 200 mm or less of rain

MarketsFarm – With the exception of a handful of areas, most of Saskatchewan remained dry for the week ended July 31 as harvest operations began in the province’s southwest and west-central regions. Areas north of Prince Albert and northwest of Kindersley, as well as inside and around Hudson Bay each saw more than 30 millimetres


Canola prices appear to be firmly entrenched to stay above $800 per tonne for now.

Canola markets in wait-and-see mode

Production will likely fall below expectations

Canola prices spent the last full week of July vacillating between increases and decreases as the market shifted into a wait-and-see mode on this year’s crop on the Canadian Prairies. There’s zero doubt the 2023-24 canola harvest won’t make the 18.8 million tonnes projected by Agriculture and Agri-food Canada. Drought and excessive heat across most

ICE canola weekly outlook: Prices trending down ahead of harvest

ICE canola weekly outlook: Prices trending down ahead of harvest

Harvest pressure may not be that large this year says analyst

 MarketsFarm – ICE Futures canola contracts lost ground during the week ended Aug. 2, as spillover from outside markets and easing concerns over the state of the crop ahead of the harvest weighed on values. Excessive heat during the flowering period in June and July caused canola prices to climb higher, but the market is


Mature winter wheat. (Allan Dawson photo)

Manitoba’s crops continue to hold up 

Hay yields generally below average; pasture conditions were deteriorating due to dryness

MarketsFarm – Timely rains in Manitoba have kept the province’s crops in relatively good shape, according to the latest crop report. Manitoba Agriculture said precipitation as of Aug. 1 amounted to as much as 73 millimeters around Zhoda in the southeast to 13 mm at The Pas in the north. Although several locales throughout the

Table 2: Spring wheat quality rating by region.

Most of agro-Manitoba comes up dry, heat diminishing potential wheat yield in areas

Manitoba Crop Report: Issue 12 (week 31)

Overview  Limited harvesting of fall rye and winter wheat began late last week. Winter cereal crops continued to dry down with producers applying pre-harvest herbicides or swathing as crop seed moisture content allowed. Harvest is expected to become more general this week if the weather cooperates. Crop condition remained good to excellent. Early yield reports



Just as there are real-time maps that can show you where traffic is slowed by construction, there are bearish warning signs in canola markets.

Reading the roadmaps of the grain market

Expert’s Radar: Beware of ‘construction’ signs

I recently drove back and forth from Winnipeg to the Turtle Mountains in southwestern Manitoba. It’s about a three-hour drive, or three-and-a-half with the required ice cream stop. There are a few routes that head in the same general direction, so after running into construction on Highway 2 on the way down, we opted for