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Canola

Average protein levels in wheat are reportedly on the low side elsewhere in the world.
Grain Markets, Markets

Last year’s supplies can come in handy

Expert's Radar: Dry conditions may lift wheat protein levels

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The back-to-school season is a time of beginnings as kids return to classes with new shoes and fresh haircuts, but also a time of endings as the carefree days of summer vacation are replaced by bells and schedules once again. On a last-minute trip to restock on paper and pens, I found someone’s lengthy list
(Dave Bedard photo)
Crops, Markets

Fund long position drops in canola

Net long in CBOT soybeans also down on week

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MarketsFarm — Fund traders have been busy liquidating long positions and putting on new bearish canola bets in early September. The net managed money long position in the ICE Futures market dropping sharply during the week ended Tuesday (Sept. 12), according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission
This year’s disease survey discovered another field with clubroot symptoms. file photo
Crops, Oilseeds

The top canola diseases of 2023

Initial survey results were based on 100 fields this year

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It has happened only three times in the last seven or eight years of surveying canola fields for infections. Manitoba Agriculture plant pathologist David Kaminski went into a field to gather data for the 2023 Canola Disease Survey and found clubroot. “It’s kind of like looking for a needle in a haystack,” he said during
(Brett Holmes Photography/iStock/Getty Images)
Crops, Markets

Few surprises in StatCan report, analyst says

Downward revision on canola among those few

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MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be
Values for new-crop canola futures tend to continue lower as the crop comes in fresh off the fields.
Grain Markets, Markets

Harvest puts canola in the red

Ultimately the condition of the crop could halt slide

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Canola fields can be recognized simply by the seas of bright, day-glow yellow flowers atop green stalks before they are combined in late summer and early fall. But since Labour Day, ICE Futures canola has taken on a reddish hue. After trading rangebound during the final week of August, canola returned from the long weekend
ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

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MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie
(OceanFishing/iStock/Getty Images)
Crops, Markets

Numerous revisions to USDA’s data on Canadian canola

Outlooks raised for ending stocks, cut for domestic use

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MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

Canada’s canola carryout up on year, wheat down slightly

Barley, oats, peas also up on year

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MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by
As of last week, Manitoba’s canola harvest was estimated at about five per cent complete.
Grain Markets, Markets

Canola choppy following StatCan’s latest report

Gains faded in the hours following the report’s release

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As the canola harvest across the Canadian Prairies picked up speed at the end of August, prices for the Canadian oilseed bounced back and forth on ICE Futures. Support came from soyoil on the Chicago Board of Trade, when the commodity was climbing higher, while European rapeseed and Malaysian palm oil provided spillover as well. And as crude oil prices
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Little downside for canola, trader says

'I wouldn’t look for a big collapse'

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MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to

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