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Canola prices appear to be firmly entrenched to stay above $800 per tonne for now.
Grain Markets, Markets

Canola markets in wait-and-see mode

Production will likely fall below expectations

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Canola prices spent the last full week of July vacillating between increases and decreases as the market shifted into a wait-and-see mode on this year’s crop on the Canadian Prairies. There’s zero doubt the 2023-24 canola harvest won’t make the 18.8 million tonnes projected by Agriculture and Agri-food Canada. Drought and excessive heat across most
ICE canola weekly outlook: Prices trending down ahead of harvest
Crops, Markets

ICE canola weekly outlook: Prices trending down ahead of harvest

Harvest pressure may not be that large this year says analyst

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 MarketsFarm – ICE Futures canola contracts lost ground during the week ended Aug. 2, as spillover from outside markets and easing concerns over the state of the crop ahead of the harvest weighed on values. Excessive heat during the flowering period in June and July caused canola prices to climb higher, but the market is
Just as there are real-time maps that can show you where traffic is slowed by construction, there are bearish warning signs in canola markets.
Grain Markets, Markets

Reading the roadmaps of the grain market

Expert’s Radar: Beware of ‘construction’ signs

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I recently drove back and forth from Winnipeg to the Turtle Mountains in southwestern Manitoba. It’s about a three-hour drive, or three-and-a-half with the required ice cream stop. There are a few routes that head in the same general direction, so after running into construction on Highway 2 on the way down, we opted for
(File photo by Lorraine Stevenson)
Cereals, Crops, Markets

Oilseed crush down, grain deliveries rise in June: StatCan

Canadian grain deliveries reached a three-month high in June

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 Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before.  Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June
a field of flowering rapeseed
Grain Markets, Markets

Black Sea deal collapse lifts canola markets

The grain corridor deal collapse has spiked uncertainty over grain supply from Ukraine

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Over the past few months, Russia’s actions toward Ukraine, Turkey and the United Nations regarding the Black Sea Grain Initiative are akin to a teenager threatening to leave home because they didn’t get their way. Most times, sooner or later, the kid relents, and all is back to what resembles normal. Maybe the parents bought
Photo: Thinkstock
Markets

ICE weekly outlook: canola market heading towards choppy waters 

Markets will pause to see how the crops finish developing: analyst

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Marketsfarm – While the recent gains in canola on the Intercontinental Exchange were likely generated by the spreaders, the market will probably become choppy, according to Ken Ball, trader with PI Financial in Winnipeg, Man.  “Spreaders for the last few days have been selling canola and buying soyoil,” Ball suggested in a July 26 interview,
A canola field in bloom near Esterhazy, Sask., on July 21, 2023.
Grain Markets, Markets

Market experts predict yellow fields for the year

Expert’s Radar: How much have the world’s farmers painted their fields in oils?

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My neighbour recently had her house painted, transforming the once-drab stucco with peeling green trim into a beautiful rusty red with cream-coloured accents. Just a few days before the painters showed up, she was still second-guessing her colour choices, but the end result looks great. A fresh coat of paint can do wonders while also
Photo: Greg Berg
Cereals, Crops, Markets, Pulses

AAFC lowers Canadian wheat ending stocks estimates

Drop in estimated oats carryout another notable adjustment

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 MarketsFarm – Canadian wheat ending stocks for both the current marketing year and 2023/24 (Aug/Jul) were revised lower by Agriculture and Agri-Food Canada’s market analysis division in its updated supply/demand estimates, released July 21, with tighter oats and pulse stocks also expected.  Wheat ending stocks for 2022/23 were lowered to 3.540 million tonnes by AAFC,
Crop conditions in parts of western Saskatchewan have already dropped into crop insurance range, Burce Burnett says. (WeatherFarm video screengrab)
Crops, Markets, Weather

At Ag in Motion: Significant Prairie yield drop expected

'A lot of damage done' by drought, Bruce Burnett says

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MarketsFarm has released its first yield estimates for Western Canada’s crops and the outlook is grim. Analyst Bruce Burnett just recently completed a crop tour covering most of Saskatchewan. “Unfortunately, I don’t have a lot of good news on the crop front,” he told growers attending the Ag in Motion show in Langham, Sask. “There
Kashika Sethi (l) and Rhea Thomas Thommana (r) were at Ag in Motion to represent food scientists Drs. Martin Reaney and Michael Nickerson and their 3D printer projects, including their work on printable protein-based materials, such as the pea-based “chicken leg” seen in the machine. (Becky Zimmer photo)
Crops

At Ag in Motion: 3D printer takes aim at food ingredients

Making foods both plant-based and printable the goal

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With the development of 3D printing, the age of Star Trek replicators has arrived. For master’s student Rhea Thomas Thommana and PhD student Kashika Sethi, food replication is on the horizon as well. Thomas Thommana and Sethi were at Ag in Motion this week with a 3D printer designed to incorporate plant-based ingredients into food,

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