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(Erdinhasdemir/iStock/Getty Images)
Crops, Markets

Canola export forecast raised for 2019-20

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MarketsFarm — Canadian canola exports in 2019-20 should beat earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. While the improved exports will cut into ending stocks, the carryout is still forecast to be record-large. Citing a seasonal weather market rally and expectations for an increase in prevent planting acres
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Crops

Canada rejects idea of halting Huawei CFO’s extradition

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Ottawa | Reuters — Canadian Foreign Minister Chrystia Freeland on Thursday dismissed a suggestion that Ottawa block the extradition of a top executive from China’s Huawei Technologies to the United States, saying it would set a dangerous precedent. Huawei’s chief financial officer Meng Wanzhou, who was arrested on U.S. fraud charges in Vancouver last December,
Agriculture and Agri-Food Canada’s Drought Monitor has reported 37 per cent of Western Canada is in a moderate to severe drought.
Grain Markets, Markets

Dry conditions on Prairies spur rally in canola values

Chicago futures may slip if U.S. growers are able to plant


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By far the biggest factor for canola bids this past week was the weather. Persistent dry conditions throughout much of Western Canada have continued to provide a weather premium for canola, which helped to spur a 10-day rally that ended June 6. Starting May 24, the July ICE contract gained $12.90 per tonne to reach
Farmers have been out in the field reseeding canola after flea beetles feasted on weakened crops
suffering through a cold, dry spring.
Local news, Oilseeds

Triple threat leads to canola reseed spike

Farmers headed into the field for round two of canola seeding last week after dry conditions, frost and flea beetles sabotaged their first stands

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If you were reseeding canola last week, you were far from alone. MASC reported a sudden spike in reseed claims the first week of June, most of them from canola fields. Canola claims jumped from 182 as of May 30 to over 700 by June 7. The agency had received 850 reseed claims across all
Parrish and Heimbecker’s current elevator at Dutton Siding, west of Gilbert Plains, Man. (ParrishAndHeimbecker.com)
Crops

P+H plans new elevator east of Winnipeg

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Grain company Parrish and Heimbecker is set to put up one of the easternmost primary grain elevators in Western Canada, not far from one of its existing sites. The privately held Winnipeg company announced Friday it will start construction this month on a 25,000-tonne capacity grain elevator on Canadian National Railway track at Dugald, Man.,
(Stevanovicigor/iStock/Getty Images)
Crops

CCGA now accepting upgraded cash advance applications

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Farmers can start applying for the new, higher cash advances from the Canadian Canola Growers Association (CCGA), starting Friday (June 7). “It’s three days earlier than we planned, but our team has been working very hard, along with program officials, to get this enhanced service in the hands of the hundreds of farmers who have

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