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Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

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Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man.  “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview,
Ron Helwer, founder of Shur-Gro Farm Services, is one of seven Canadians that will be inducted into the Canadian Agricultural Hall of Fame this fall.
News

Ron Helwer named to Canadian Agricultural Hall of Fame

Brandon-area fertilizer dealer puts a premium on community

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Editor’s Note: Ron Helwer, owner and founder of Shur-Gro Farm Services, was formally inducted into the Canadian Agricultural Hall of Fame Nov. 4 (photo above). The Co-operator spoke to Helwer when his name was first announced for the honour in July. This is what he had to say: [UPDATED: Nov. 8, 2023] Ron Helwer is
 Photo: Altayb/istock/getty images
Crops, News

EU seeks revised GMO rules to loosen curbs on gene-edited crops

Countries including Canada have put gene-edited plants at a lower regulatory level than GMOs, but the conversation has been ongoing in the EU

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The European Commission proposed a revision of its rules on genetically modified organisms July 5 to loosen restrictions for plants resulting from newer gene-editing technology. The EU executive said the move would allow farmers to secure access to climate or pest-resistant crops with less fertilizers or pesticides and consumers would be able to buy food with better nutritional value
Photo: Thinkstock
Markets

ICE weekly outlook: C$900 per tonne in reach for canola 

Black Sea deal's end, Russian attack on Odesa, pushing all prices up

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MarketsFarm – Sporadic rainfall across the Prairies has not been enough to stop canola’s upward momentum during the week ended July 19, while a pair of other factors are fueling the oilseed’s rise.  The November canola contract went from settling below the C$800 per tonne mark (C$797.50/tonne) on July 12 to exceeding the C$850 mark
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola climbs on weather worries

Demand rationing also seen as supportive

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MarketsFarm — The ICE Futures canola market moved steadily higher during the week ended Wednesday, hitting its strongest levels in more than four months as bullish chart signals and production uncertainty across the Prairies provided support. A bearish reaction in the Chicago soy complex to the latest supply/demand estimates (WASDE) from the U.S. Department of
File photo of a view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)

NAFTA meeting to skirt major disputes, U.S. trade rep says

Dairy, corn, energy issues to be discussed via separate channels

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Washington | Reuters — U.S. Trade Representative Katherine Tai’s meetings with North American trade partners Canada and Mexico this week will not delve deeply into major disputes over Mexico’s biotech corn and energy policies nor Canadian dairy access, a senior USTR official said on Wednesday. The annual meeting of the Canada-U.S.-Mexico Agreement (CUSMA) Free Trade
Forecast probability of temperatures above, below and/or near normal for the period from July through September 2023, based on three equiprobable categories from 1991-2020 climatology. (Weather.gc.ca)
Crops, Weather

Dry, hot Canadian summer expected

Normal precip expected for Ontario, Quebec

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MarketsFarm — Warmer-than-normal temperatures are expected across all of Canada for the next three months, with average precipitation in most of the agricultural areas of the Prairies. That’s according to the latest long-range seasonal forecast from Environment Canada, released Friday. The government department calls for a 50-70 per cent chance of above-normal temperatures from July
Turkeys. (Scott Bauer photo courtesy ARS/USDA)
Livestock

Canada books first month in 19 without bird flu outbreak

Eight commercial poultry farms remain active sites

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June 2023 appears set to be Canada’s first month without a new highly pathogenic avian influenza outbreak in poultry or other domesticated birds since the disease returned to this country in late 2021. Canada has booked 322 outbreaks in domestic birds in the past 19 months, of which 31 were detected so far in 2023.
CBOT December 2023 corn with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Corn, soy tumble on forecasts for much-needed rains

CBOT September wheat also lower

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Chicago | Reuters — U.S. corn futures fell more than four per cent and soybeans more than two per cent on Wednesday, pressured by forecasts for beneficial rains in the Midwest where crops have struggled with dry conditions, analysts said. Wheat also declined, pressured by the expanding U.S. winter wheat harvest and a larger-than-expected Canadian

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