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Canola

Crops may be in the ground, but official seeding numbers are still somewhat up in the air.
Markets

As with coffee, grain markets now a ground game

Expert's Radar: Official acreage estimates are still a couple of weeks away

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A building at the end of my street has been under renovation for several months, with a new local coffee shop ‘coming soon,’ according to the signage. The building was formerly a vape store and before that an insurance brokerage, so there is plenty of work to be done to transform it into a café.
The current fair market value method of compensation for conservation easements is flawed, says a professor of agribusiness and agricultural economics at the U of M.
News

Conservation easement payment ‘flawed’

A Saskatchewan stock growers’ group is seeking to reform easement structure, compensation

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Landowners and ranchers don’t get enough for conservation easements to offset the opportunity cost, according to a study commissioned by a Saskatchewan producer group. Mindy Hockley, assistant program manager with the Saskatchewan Stock Growers Foundation, noted that farmers can calculate what they’ll get for breaking up land and converting it to grain crop use. Compared
(Dave Bedard photo)
Crops, Markets

ICE canola futures see record daily trade volume

Previous record trading day was in 2014

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MarketsFarm — The ICE Futures canola market on Friday saw its busiest day ever, with over 90,000 contracts traded during the session, according to preliminary data. Intermonth spreading accounted for roughly half of the trade volumes on Friday as investors were busy rolling out of the front month. Daily trade volumes in canola are typically
Local residents on June 9 evacuate cattle on a barge from the Mykolaiv-region village of Afanasiivka, which was partly flooded in the Nova Kakhovka dam breach amid Russia’s attack on Ukraine.
Grain Markets, Markets

Floods, dryness, data wear on wheat

Crops in Ukraine, China and North America face pressures

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If one were to describe the wheat price situation using movie titles, the best pick would be Everything Everywhere All At Once. Prices were already affected by weather and the near-end of the spring wheat planting season. The U.S. Department of Agriculture’s monthly world agricultural supply/demand estimates were released June 9 and the U.S. Federal
ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola will follow soyoil up or down

Prairie weather another guiding factor

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MarketsFarm — Although canola prices have been somewhat erratic over the last weeks, they along with other oilseeds have generally rebounded, according to trader Ken Ball of PI Financial in Winnipeg. Ball commented there has been a good amount of short-covering in soyoil at the Chicago Board of Trade, as markets positioned themselves for an
Table 1. Range of measurements of seven-day accumulated precipitation in Manitoba’s agricultural regions.
Crop Report, Crops, Weather

Storms force re-seeding in some areas, pea crops see good emergence

Manitoba Crop Report: Issue 5 (week 24)

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Weekly provincial summary Precipitation was variable across agro–Manitoba from June 5 to 11 with values ranging from 0 to 82.7 mm (see Table 1 at top). Isolated storms brought significant rainfall to areas in the Northwest regions on June 7 and 8, especially near San Clara and Rivers. San Clara (82.7 mm) received the most
(File photo by Dave Bedard)
Crops, Markets

Fund short position grows in canola

Traders net long in soy, K.C. wheat

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MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June 6), the net managed money
Oilseed crushing and renewable diesel facilities questioned putting money into new developments.
Markets, News

Bigger-picture influences hover around weather market

A decision on U.S. biofuel blending mandates is pending

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I was recently at the dentist to deal with a cracked tooth. After the drilling and filling was complete, the freezing took a few hours to wear off, which left me in a state of uncertainty. Will I ever eat or speak properly again? Was everything fixed? Will it still hurt to bite on that
Survey to flesh out Canadian canola storage
News, Oilseeds

Survey to flesh out Canadian canola storage

The University of Manitoba hopes the survey will provide a full picture of on-farm realities

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Researchers from the University of Manitoba want to hear all about canola storage on your farm. A survey, also posted through the Canola Council of Canada’s Canola Watch, aims to provide better data on how farmers store the oilseed, how they dry it, the storage and drying issues they face and how they try to solve those problems. Why

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