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Canola

ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Unclear where canola wants to go

Soy complex's trend much more apparent

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MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday,
A corn field in Alberta is managed with strip tillage.
Crops

Strip till: It’s new, it’s tricky and you can’t ask the neighbours for advice

On paper, strip-till is an excellent way to reduce erosion and improve soil health, but there’s a learning curve

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Glacier FarmMedia – Being a pioneer isn’t easy, but sometimes it can pay off. Or at least that’s what John Kolk hopes. Over the past few years, the southern Alberta farmer has been using strip tillage on row crops such as dry beans, corn and soybeans. Although the system hasn’t been a big earner in
Figure 1: Seeding progression in 2023 compared to previous years.
Crop Report, Crops, Weather

Seeding progress behind five-year average, soybean, canola seen lagging

Manitoba Crop Report: Issue 1 (week 20)

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Weekly Provincial Summary  Precipitation was variable across agro–Manitoba from May 8 to 14 with values ranging from 0 to 48.9 mm. Mid-week rains brought the highest observed precipitation to the Northwest and Southwest regions. Climate normals for total accumulated precipitation from May 1 to May 14 range from 13.1 to 29.2 mm and are based
Flea beetle. (Photo courtesy Canola Council of Canada)
Crops, Weather

Best to be scouting for insect pests

'Definitely' watch canola for flea beetles

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MarketsFarm — Although it is still relatively early in the crop year, Manitoba entomologist John Gavloski strongly advises farmers to carefully watch their fields for any signs of insect pests. Gavloski couldn’t say for sure if insect damage was going to be bad this year but based on what’s transpired over the last three years,
Photo: iStock/Getty Images
Crops, Markets

U.K. to increase rapeseed, product output in 2023-24

Input costs seen down so far this year

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MarketsFarm — With the rapeseed crop in the United Kingdom estimated at 66 per cent good to excellent, the U.S. Department of Agriculture attaché in London, forecast production for 2023-24 to be 1.38 million tonnes. That would make for a 1.4 per cent increase over the 2022-23 crop. While the attaché pegged planted and harvest
Ceres Solutions agronomist Betsy Bower shows a soybean seedling dug up in a recently planted field at Terre Haute in western Indiana on April 19.
Grain Markets, Markets

Canola on the verge of a good spring

The resistance level is now believed to be around $750

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As canola pulled away from its support level of $680 per tonne early in the week of May 1, the oilseed trade was muddled. Signs of that cropped up in the May 3 morning trading session, when it bounced on either side of steady. That again occurred May 4 and lasted most of the day.
ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola showing independent strength

Prairie weather uncertainty supportive

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MarketsFarm — ICE Futures’ canola market saw some independent strength relative to other oilseeds during the week ended Wednesday, as speculative positioning and the need to ration tight old-crop supplies provided support. Canadian canola stocks as of March 31 were pegged at 5.95 million tonnes by Statistics Canada in a report released Tuesday. That was
(Dave Bedard photo)
Crops, Markets

Latest StatCan stocks report ‘least important of them all’

Wheat, canola numbers not expected to have significant impact on markets

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MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important
(Gassen/iStock/Getty Images)
Crops, Markets

Canada will not be intimidated by China retaliation, Trudeau says

China seen as 'more sensitive about food security' now, CAPI says

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Ottawa | Reuters — Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. Ottawa expelled Chinese diplomat Zhao Wei on Monday over allegations related to foreign interference, and hours later, China asked a Canadian diplomat in Shanghai to leave by Saturday in

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