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Tag Archives Canola

(Richardson International video screengrab via YouTube)
Crops, Markets

Canola crush shows solid start in new crop year

Soybeans see lowest August crush ever

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MarketsFarm — Statistics Canada on Tuesday reported Canada’s second largest August canola crush on record. The 829,490 tonnes of the oilseed processed last month is only bested by the 830,335 tonnes in August 2020. The July 2023 canola crush set a new all-time record of 961,683 tonnes. Last month’s canola crush was 31 per cent
(File photo by Dave Bedard)
Crops, Markets

Funds flip back to net short in canola

Trade remains net long in soybeans, for now

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MarketsFarm — The overall fund position in ICE Futures canola flipped from a net long to a net short during the week ended Tuesday, marking the first net short position in the commodity in just over two months, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As
Canola goes down in central Manitoba in early September. A tall crop causes problems for some producers.
News

Growers struggle with high-biomass canola

Although the reason isn’t clear, Manitoba’s canola fields got tall and that’s been a headache for harvest 2023

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Manitoba canola growers face some frustration on the swather this year. Many have had trouble getting the crop through the machine. “In Manitoba this year, our canola is very tall,” said Courtney Boyachek, agronomist with both the Manitoba Canola Growers and the Canola Council of Canada. “I’m not a very tall person, but when I can walk into the field and
A canola swath in south Saskatchewan on Aug. 27, 2023.
Grain Markets, Markets

Canola markets sag, then recover

Pace of canola exports slows, wheat markets reflect stock cuts

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ICE Futures canola contracts hit their weakest levels in two months in early September but eventually managed to uncover support and move off those lows, despite ongoing seasonal harvest pressure. Statistics Canada released its second model-based production estimates for the 2023-24 crop on Sept. 14, pegging the country’s canola production at 17.4 million tonnes. That was down by about
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Which way will canola go?

Basis levels have recently improved

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MarketsFarm — As September winds down, ICE Futures canola is poised to either climb higher or fall back, according to analyst Errol Anderson, president of ProMarket Communications in Calgary. That movement will largely be determined by the direction taken by November soybeans on the Chicago Board of Trade, which currently has support at US$13 per
Average protein levels in wheat are reportedly on the low side elsewhere in the world.
Grain Markets, Markets

Last year’s supplies can come in handy

Expert's Radar: Dry conditions may lift wheat protein levels

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The back-to-school season is a time of beginnings as kids return to classes with new shoes and fresh haircuts, but also a time of endings as the carefree days of summer vacation are replaced by bells and schedules once again. On a last-minute trip to restock on paper and pens, I found someone’s lengthy list
(Dave Bedard photo)
Crops, Markets

Fund long position drops in canola

Net long in CBOT soybeans also down on week

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MarketsFarm — Fund traders have been busy liquidating long positions and putting on new bearish canola bets in early September. The net managed money long position in the ICE Futures market dropping sharply during the week ended Tuesday (Sept. 12), according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission
This year’s disease survey discovered another field with clubroot symptoms. file photo
Crops, Oilseeds

The top canola diseases of 2023

Initial survey results were based on 100 fields this year

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It has happened only three times in the last seven or eight years of surveying canola fields for infections. Manitoba Agriculture plant pathologist David Kaminski went into a field to gather data for the 2023 Canola Disease Survey and found clubroot. “It’s kind of like looking for a needle in a haystack,” he said during
(Brett Holmes Photography/iStock/Getty Images)
Crops, Markets

Few surprises in StatCan report, analyst says

Downward revision on canola among those few

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MarketsFarm PRO analyst Mike Jubinville said Statistics Canada’s principal field crop production report, released Thursday, did not contain too many surprises. The agency’s previous report on Aug. 29 already provided insight as to what production numbers were going to be, he said, but still warned the model-based projections in the latest report will not be

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