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Canola demand equal to winter canola influx
Grain Markets, News

Canola demand equal to winter canola influx

Biofuel markets are on the rise and there’s probably more than enough demand to go around

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Rising demand for oil due to the biofuel market will likely swallow any influx American winter canola might produce, experts say. “I think we’ll need all the supply that we can get,” said Curtis Rempel, vice-president of crop production and innovation with the Canola Council of Canada. Why it matters: Winter canola is being promoted
Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)
Crops, Markets

Deal reached to resume Ukraine grain transit with five EU countries

Agreement includes support package for local farmers

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Brussels | Reuters — The European Commission said Friday it had reached a deal in principle to allow transit of Ukrainian grain to resume through five European Union countries that had imposed restrictions. Bulgaria, Hungary, Poland, Romania and Slovakia cited concerns that grain from Ukraine meant to be exported to other countries had ended up
The latest activity in canola markets has more to do with speculators buying back short positions.
Grain Markets, Markets

Betting on grain markets

Expert's Radar: The spreads become important when trying to understand market action

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As a casual hockey fan who only pays real attention once the playoffs roll around, it’s been interesting to see the sheer number of sports betting ads, and even commentary, now that gambling on the outcome of individual games is legal in Canada. There are many ways to bet on sports. While simply picking which
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: StatCan’s canola area estimate questioned

Traders predict significant increase ahead

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MarketsFarm — Statistics Canada on Wednesday released its first survey-based seeding intentions report for the 2023-24 marketing year, reporting an anticipated 0.9 per cent rise in canola acres, to 21.6 million. The figure occupied the lower end of trade expectations, but StatCan recently adopted a new methodology of conducting the survey last December and January,
Spring planting is proceeding in parts of the U.S. Midwest, including this field at Montgomery Township in northeastern Ohio’s Ashland County on April 19.
Grain Markets, Markets

Canola trade’s attentions turn to thoughts of spring

Planting is already underway in U.S. fields nowhere near you

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The ICE Futures canola market saw mixed activity during the week ended April 20, with the nearby May contract hitting both its highest and lowest levels of the past month as traders worked to exit the contract ahead of its expiry. The more-active deferred months were also up and down during the week, but held
File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

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MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest
(Merit Functional Foods video screengrab via YouTube)
Crops

Merit Foods co-owner Burcon partnering on bid for assets

Unnamed 'plant protein company' now in on Burcon's bid

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A major shareholder in beleaguered pea and canola protein processor Merit Functional Foods has brought on an unnamed partner in its bid to buy the business out of receivership. After announcing last month it would submit a bid for the next-to-new Merit assets, Vancouver-based plant protein firm Burcon NutraScience said Monday it’s now “participating in
Photo: Greg Berg
Crops, Markets

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

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MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba,
An adult lygus bug. (Photo courtesy Canola Council of Canada)
Crops

Matador, Voliam insecticides back in ‘limited’ release

Revised labels prohibit feeding, foraging of treated crops

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Syngenta Canada no longer plans to keep its lambda-cyhalothrin insecticide products off the market in Western Canada this year — but it’s planning to have a smaller supply. The crop chem and seed company announced Friday it will have a “limited amount” of its lambda-cy-based products Matador 120EC and Voliam Xpress available in the West
Merit’s fall may create small setback in Manitoba pea market
News

Merit’s fall may create small setback in Manitoba pea market

The sale of the cash-strapped processor won’t be finalized until the end of May, at least

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Manitoba farmers may see reduced opportunity to sell peas this year, as the fate of protein ingredient processor Merit Functional Foods remains undetermined until at least the end of the month. “Then the question is, do I continue to grow peas or do I switch to another crop. That’s a decision that the growers have probably made by now,”

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