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One of the major factors that pulled canola prices lower until recently was a huge influx of South American soybeans coming on the market.
Grain Markets, Markets

Canola prices higher in rangebound movement

Spring rally still expected, but it may not be a sharp uptick this year

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There isn’t much to be overly concerned about now regarding canola futures on the intercontinental exchange. Despite declines, the Canadian oilseed remained a fair bit higher than a week ago. This is pleasant news, given how canola has tumbled downward in recent months. In short, canola can be seen as rangebound. There is a deficit
Canola acres are estimated at anywhere from 21 million to 22.7 million, which compares with 22.1 million acres in 2023.
Grain Markets, Markets

Crop plans, grain markets countdown to spring

Expert’s Radar: Recent snowfall eases some moisture worries as thoughts turn to spring

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March comes in like a lion and goes out like a lamb, according to the old saying that alludes to the idea that storms early in the month are often followed by milder spring weather as the calendar turns to April. Much of Western Canada welcomed snow in early March and the moisture eased some
Canola price sees slight growth
Grain Markets, Markets

Canola price sees slight growth

Unpriced canola stocks expected to trigger selling into recoveries

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The canola market finally showed signs of strength in the first week of March, moving above some key chart points as values stabilized after trending lower for the previous five months. The May contract climbed above its 20-day moving average, settling above the psychological $600 per tonne mark on March 7. The contract traded consistently
Only weeks after extreme cold warnings blanketed the area, warm temperatures and February rain saw fields west of Brandon lose their snow cover.
Crops

Avoiding grain spoilage when temperatures get wild

Grain storage advice for when winter swings from extreme cold to unseasonably warm

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With unusually high temperatures interrupted by two deep freezes, it’s been a challenging winter for grain storage on the Prairies and one requiring diligence to protect stored crop. Anne Kirk, cereal crop specialist with Manitoba Agriculture, advises aeration and vigilant monitoring of bin moisture and temperature. The latter is particularly important when outside temperatures fluctuate.
Are we at market bottom yet?
Grain Markets, Markets

Are we at market bottom yet?

[Expert's Radar] May canola appears to have found solid nearby technical support at $580 per tonne

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One Thanksgiving, after what must have been a very filling dinner at my grandma’s apartment, a group of my cousins and I, all in town for the holiday, decided to see a movie (School of Rock, if you want to date this anecdote). We never made it to the theatre because the elevator from the

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