The latest projections for Brazil’s 2023-24 soybean crop has delivered a startling reality check.

Brazilian numbers could outweigh StatCan projections

At press time the trade was parsing the Latin American numbers and anticipating Canadian ones

Everyone who has celebrated Christmas has at least once received a gift where their first thought after unwrapping it was, “it’s not quite what I expected, but it’s the thought that counts, I guess.” Three weeks before the big day, growers, traders and analysts may have received one of those gifts from Statistics Canada. The



Rob Duncan, a canola breeder at the University of Manitoba, used genomic selection to design these canola plants. Breeders can select desired traits from across the entire canola genome.

Genome selection helps find next superstars

Sequencing the canola genome in 2014 paved the way for researchers to be more precise when developing new varieties

Glacier FarmMedia – In the 2020 Western Hockey League bantam draft, the Regina Pats had the first overall pick. They selected Connor Bedard. It was an easy pick and a good one. Bedard recorded 100 points in the 2021-22 WHL season and 143 points last year. In June, the Chicago Blackhawks selected Bedard with the

A strike at the Rogers Sugar refinery in B.C. has led to sporadic supply disruptions of numerous sugar products.

Going soft on ICE

Expert's Radar: The canola exchange also hosts more exotic commodities

The ICE Futures U.S. exchange, home to Canadian canola contracts, is also the primary price discovery platform for the so-called “soft” commodities, including coffee, cocoa, sugar and frozen concentrated orange juice. While Canada does export some sugar, the country is largely a price-taker for all those commodities and holiday bakers may feel an extra pinch



(Screengrab from Merit Functional Foods video via YouTube)

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed


(Dave Bedard photo)

Higher canola, wheat production expected in StatCan report

Traders raise concerns about report accuracy

MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set

Canola market sees wide range of trade

Canola market sees wide range of trade

The U.S. Thanksgiving break moved participants to the sidelines and lowered volume

The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.


(Dave Bedard photo)

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume.

(File photo by Dave Bedard)

Speculators buy back bearish canola bets in latest report

Funds reduce net long in soybeans

MarketsFarm — Fund traders were actively covering bearish bets in canola during the week ended Nov. 21, buying back some previously placed short positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). The report was delayed due to the U.S. Thanksgiving holiday. As of Nov. 21, 2023,