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Pastures green up with recent rainfall, but limits harvest progress
Crop Report, Crops, Weather

Pastures green up with recent rainfall, but limits harvest progress

Manitoba Crop Report: Issue 22 (week 41)

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Overview  Limited harvest progress over the last week due to widespread rainfall across the province. Harvest progress sits at 86 per cent complete across the province, which is ahead of the 5-year average (81 per cent). Harvest has wrapped up for most of the spring cereal crops, with barley at 100 per cent complete, oats
File photo of vessels on the Mississippi River south of New Orleans on Nov. 5, 2017. (Dave Bedard photo)
Grain Markets

Plenty of upside now for canola

FUTURES | But a lot of harvesting, and harvest price pressure, is still to come

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Harvest pressure, combined with a selloff by the funds, continued to bring down canola prices for the week ended Sept. 28 — but, just like the outlook for early fall temperatures for the Prairies, it’s anyone’s guess whether they’ll go up or down. The ICE Futures November canola contract dropped $9.80 per tonne to close
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola looking for a spark

Recent declines in crude oil, diesel seen as bearish

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MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” said Ken Ball of PI
The Canadian canola character created for the Hello Canola campaign.
News

Campaign to boost canola’s image

Hello Canola campaign aims to reduce Canadian apathy, address misconceptions, organizers say

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PUBLIC TRUST Hello Canola campaign aims to reduce Canadian apathy, address misconceptions, organizers say

Groups representing Prairie canola growers have a new campaign to boost their crop’s image among Canadians. Hello Canola is part of a national canola marketing program jointly funded by Alberta Canola, SaskCanola and the Manitoba Canola Growers. “The intention of the program is to help move Canadians from apathy for canola into a love space,”
(File photo by Dave Bedard)
Crops, Markets

Fund net short position grows in canola

Net long in CBOT soybeans seen declining

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MarketsFarm — The managed money net short position in the ICE Futures canola market more than doubled during the week ended Tuesday on a combination of long liquidation and new bearish bets going on the books, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Sept.
An initial swath in a canola field north of St. Adolphe on Sept. 17.
Grain Markets

Virtually no support for canola values

FUTURES | Vegetable oils and crude oil seem to have gone separate ways

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ICE Futures canola was struggling in mid-September as a general selloff in commodity futures, as well as equities, pulled down prices. The nearby November contract fell to $725.30 per tonne on Sept. 21, as it busted through its support level of $730. There were a number of other factors in canola’s slide, one being harvest
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola ‘due for a bounce’

Weather co-operating, mostly, for Prairie harvesting

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MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end
On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File
Crops, Markets

Tightening canola stocks projected, AAFC says

Wheat, barley, oat, pea stocks also projected lower

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MarketsFarm –– Canadian canola carryout supplies for the current marketing year will likely end up tighter than earlier expectations, according to updated supply/demand balance sheets from Agriculture and Agri-Food Canada (AAFC) that account for recent production and stocks data from Statistics Canada. Canola ending stocks for 2023-24 are now forecast to tighten to only one
(Viterra.ca)
Crops, Markets

Canada books stronger August deliveries of most major grains

Wheat, canola up; barley, durum down

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MarketsFarm — Deliveries of most major grains in Canada were higher in August than a year ago, according to Statistics Canada. The federal agency issued its monthly deliveries report on Tuesday, showing total deliveries last month came to 5.103 million tonnes, up nearly 15 per cent from the previous August. Wheat deliveries (excluding durum) tallied

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