StatsCan Canola Data Shows Less Supply, More Demand

Canola futures on the ICE Futures Canada trading platform posted some significant advances during the week ended Feb. 4, with new contract highs established in a number of months. Strong domestic processor demand for canola, along with continued strong export interest, helped to stimulate some of the strength. Adding to the upward price momentum were

Canada Crop Stockpiles Shrink After Smaller Crops

Stockpiles of wheat and canola in Canada, a leading exporter, shrank slightly more than expected at Dec. 31 from a year earlier due to smaller crops, Statistics Canada said Feb. 4, underscoring tight global supplies that have pushed up food prices and sparked protests. Stocks of all wheat in grain bins and country elevators were


More Canola Acres Expected

Agriculture and Agri- Food Canada is expecting the area seeded by Canadian farmers to canola in the spring of 2011 will be up from the level seen at the same time in 2010, according to its first acreage outlook released Jan. 28. The market analysis branch of Agriculture Canada cautioned, however, that the actual area

Fundamentals Still Lean Toward $700-Per-Tonne Canola

Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil


Record Canola Plantings Predicted

Canola and all wheat will closely contest Canada’s spr ing acreage battle as farmers look to cash in on the highest prices in more than 2.5 years, Agriculture Canada’s first planting forecast of 2011 shows. Canola has consistently provided high returns to farmers, and Canada’s Agriculture Department sees them planting a record-large area after flooding

Canadian Canola Stocks Seen Tightening

Canola contracts traded on the ICE Futures Canada platform hit fresh contract highs yet again during the week ended Jan. 21, as the underlying technicals and fundamentals continue to point higher. It’s the same old story in canola as it’s been for the past couple of months. End-user demand is strong, supplies are tightening and


Canola Crop Seen Up If Water Holds Back

Canada’s farmers will likely harvest more canola this year to cash in on high prices, but flooding is possible in Saskatchewan and will be a key factor, the head of the main canola industry group said Jan. 18. Canola, soybean and rapeseed prices are trading around two-to three-year highs, giving farmers ample reason to seed

Saskatchewan Sees Millions Of Fallow Farm Acres

Canada’s top crop-growing province looks to lose millions more farm acres to flooding, unless it gets unusually favour-able spring conditions, Saskatchewan’s agriculture minister said on Jan. 11. Last year, farmers left 11.6 million acres unplanted in Western Canada, up nearly one-third from the 10-year average because of excessive spring rain. Almost 80 per cent of


In Brief… – for Jan. 20, 2011

Vet fined:A Manitoba veterinarian has been fined $10,000 for certifying uninspected cattle for export. Dr. Earl Van Assen pleaded guilty in a Winnipeg court to two counts of contravening the federal Health of Animals Act. Court was told Van Assen submitted certification documents in Feb. 2009 for 42 cows shipped to the United States, stating

A – for Jan. 13, 2011

new plant disease in canola hasn’t made its way from Alberta to Manitoba yet but producers are still being warned to watch out for it. Field surveys in 2010 found no signs of clubroot in Manitoba canola crops, producers at St. Jean Farm Days heard. But farmers should still take steps to guard against the