ICE Futures Canada canola futures were lower overall during the week ended April 20, as fund traders holding large long positions took the opportunity to book some profits. After moving higher for most of 2012 before the recent correction, there is definitely an argument to be made that the top may be in for the
Europe’s rapeseed problems may support canola
Soybean acreage continues to grow in Manitoba
Manitoba farmers intend to plant a record-large soybean crop again in 2012, as good returns and improved varieties have led soybeans to gain an ever-larger foothold in the province. After seeing acreage rise steadily over the past five years, soybean seedings in the province are forecast to hit 800,000 acres in 2012, according to the
Old/new-crop canola spread to widen further
ICE Futures Canada canola contracts have climbed higher in recent days, with the old-crop months posting the largest gains. The spread between the old- and new-crop contracts is expected to continue to widen, as tightening old-crop supplies will be countered by expectations for record production in 2012. As of the close of trade on April
Canada’s farmers seeding “fencerow to fencerow”
Canadian farmers intend to plant more of just about everything in 2012, according to the Statistics Canada planting intentions report released Tuesday, as favourable returns and improved moisture conditions could see very few acres lying fallow this summer. With canola, wheat, barley and most of the other major crops grown in the country expected to
Canola marketing a possibility under new CWB
The new voluntary Canadian Wheat Board may be looking to branch out to market other commodities, particularly canola, in time for the 2012-13 crop. However, the CWB is currently focused on transitioning its traditional wheat, durum, and barley marketing to an open market, and the introduction of new commodities is still forthcoming. "We expect, and
Feed costs weigh on prices for “plainer” cattle
The number of cattle moving through Manitoba’s auction yards started to slow down during the week ended April 13. For what was moving, the top-quality animals continued to be met with solid demand, but prices started to weaken for the lower-quality animals on offer. “The plainer-type cattle were down a little bit,” said Buddy Bergner
Early Alta. seeding stalled by moisture
Recent precipitation across a large portion of Alberta will help improve moisture levels in the province, as seeding operations are set to get underway for the year. Some barley and spring wheat was already seeded in southern Alberta over the past week, before precipitation and colder temperatures halted that activity, said crop specialist Harry Brook
Farmers risk squeezing canola rotations into the yield loss zone
Western Canadian farmers are expected to plant record canola acres this spring, but the tighter rotations may lead to other agronomic issues, crop specialists warn. After seeding a record 18.9 million acres of canola in 2011, Canadian farmers are poised to shatter that record in 2012. Industry participants are forecasting seedings in the 20-million- to
Sector’s profitable streak helpful for flood recovery
Activity at cattle auction yards across Manitoba was somewhat subdued during the week ended April 6, with a number of facilities taking the week off ahead of the Easter long weekend. For what was traded, prices held relatively firm on lighter-weight cattle, with demand from eastern and western feedlots continuing to provide support. However, recent
There’s talk but frost threat keeping seeding rigs in the shed
Warm and dry conditions across Western Canada has sparked talk of an earlier-than-normal start to spring seeding, but crop specialists say it all depends on what happens next. “At this point, it’s really too early to say when guys will be out there seeding…,” said Pam de Rocquigny, an agronomist with Manitoba Agriculture. Weather over
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