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Manitoba has no room to ride the ‘yellow wave’ as canola prices have spiked.
Crops, News

‘Yellow wave’ unlikely despite high canola prices

Favourable crop prices across the board, high fertilizer costs and dry conditions may keep producers from changing things up

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Despite record canola prices, Manitoba is unlikely to see much of a yellow wave this summer, say some farmers and analysts. “There isn’t a whole lot of room to increase acreage without deviating from best practices,” said Bill Nicholson. Nicholson, who farms near Shoal Lake in western Manitoba, figured if farmers had flex in their
With canola prices on the rise, time to make a marketing plan
News, Oilseeds

With canola prices on the rise, time to make a marketing plan

Start by knowing your costs and break-even prices

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With canola prices the highest they’ve been in two years, and the added stress of harvest, it’s a good idea to have a marketing plan, says Darren Bond, farm enterprise management specialist with Manitoba Agriculture and Resource Development (MARD) in Teulon. “We have to take that step back when we are marketing our grain and
China’s near-insatiable appetite for canola won’t be met with domestic production.
Grain Markets, News

Political posturing can affect grain prices

China is still buying Canadian canola through the various back doors it’s found to exploit

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When you cut through the politics and posturing, China still needs some of what Canada is selling. “They are repopulating their hog herd so they need feed,” Darren Bond, a farm enterprise management specialist with Manitoba Agriculture and Resource Development, told the CropTalk Webinar Sept. 16. “They have developed a taste for canola oil. At
China’s interest in buying soybeans, particularly from Brazil and the U.S., has recently helped push soy futures above US$10 and in turn lifted ICE November canola.
Grain Markets, Markets

China’s demand for soybeans bodes well for canola values

Provinces’ estimates suggest lower canola yields than what satellites are seeing

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ICE Futures canola contracts continued their month-long climb during the week ended Sept. 18, hitting their strongest levels in two years. The November contract moved above $530 per tonne during the week, marking the first time the front-month contract had settled above that point since June 2018. The contract has risen by nearly $50 per
As of Sept. 8, Manitoba’s 2020 canola harvest is well behind the three-year average pace.
Grain Markets, Markets

Lots of canola in fields, vulnerable to the elements

The extent of damage from the most recent snap has yet to be fully assessed

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Given the late start to planting this spring, there remains a lot of canola in fields across the Prairies. Manitoba Agriculture on Sept. 8 reported canola in the province was 22 per cent combined, up from seven per cent the previous week, but the three-year average is 57 per cent complete. Yields were said to
(Photo courtesy Canola Council of Canada)
Crops, Markets

U.S. investor to buy Prairie canola ‘streaming’ firm

All-cash deal offers $97.5 million for Input Capital

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A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself
Canola holds steady as seeding gets underway
Grain Markets, Markets

Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

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Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about

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