Daily Network News

More News →

Tag Archives Canola

File photo of wheat seedlings. (Volodymyr Shtun/iStock/Getty Images)
Crops, Markets

StatCan expects more wheat, canola acres in 2023

Corn, soy, barley acres also expected up

By ,
MarketsFarm — Canadian farmers intend to plant more wheat and canola in 2023, with soybeans, corn and barley area also forecast to expand, according to Statistics Canada’s projections for field crop area. The increases in those crops will come at the expense of oats, lentils and peas, with intended summerfallow area down to its smallest
(Merit Functional Foods video screengrab via YouTube)
Crops

Merit Foods co-owner Burcon partnering on bid for assets

Unnamed 'plant protein company' now in on Burcon's bid

By ,
A major shareholder in beleaguered pea and canola protein processor Merit Functional Foods has brought on an unnamed partner in its bid to buy the business out of receivership. After announcing last month it would submit a bid for the next-to-new Merit assets, Vancouver-based plant protein firm Burcon NutraScience said Monday it’s now “participating in
Photo: Greg Berg
Crops, Markets

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

By ,
MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba,
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

AAFC raises canola stocks projections

StatCan's early acreage estimates due out this week

By ,
MarketsFarm — Canola ending stocks for both the current marketing year and 2023-24 were raised slightly by Agriculture and Agri-Food Canada (AAFC) in its latest supply/demand projections, released Friday. The government agency lowered its canola export forecast for 2022-23 by 200,000 tonnes from March, now pegging movement at 8.4 million tonnes. With domestic usage left
Star Wars and grain markets
Markets, News

Star Wars and grain markets

Expert’s Radar: Divergence from established patterns isn’t common, but it happens

By
“This is the way.” If you’ve watched The Mandalorian, you’ve heard the phrase many times. I can’t speak to all the Star Wars lore, but it’s an enjoyable program perhaps best described as cowboys in outer space. The central Mandalorians of the show follow their own strict honour-bound creed, centred on the armour they wear
There’s little doubt the abundance of oilseeds in the world market will weigh on prices.
Grain Markets, Markets

Total oilseed production eases back

USDA sees major drop in some production areas, but stays steady on Canadian canola

By

REDUCTIONS USDA sees major drop in some production areas, but stays steady on Canadian canola

Production of the world’s oilseeds was trimmed back by the United States Department of Agriculture last week, which forecast 625.38 million tonnes for 2022-23 in its world markets and trade report. In March, the USDA pegged global production at 629.89 million tonnes. But despite the reduction in April, it’s still a significant increase from the
ICE July 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Weather to influence canola price movement

Short-covering seen supporting front months for now

By ,
MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants wait to get a better handle on new-crop prospects. “There’s some concern developing on seeding delays,” said Jamie Wilton of RJ O’Brien in Winnipeg, adding
The difference between a dry year and one with timely moisture is dramatic in the brown soil zone. Joseph McKee’s 2020 crop (shown in late July) yielded 65 bushels an acre while the dry conditions last year (photo taken in early July) produced a 20-bushel-an-acre crop on his Lethbridge-area farm.
Crops, Oilseeds

Palliser Triangle: It’s hot and dry — and the next frontier for canola

With crush capacity soaring, canola council looks to the brown soil zone and new heat-tolerant varieties

By
Glacier FarmMedia – The canola industry has its eyes on the Prairies’ most inhospitable regions and knows potential growers will need support. The Canola Council of Canada is setting up research it hopes will drive sustainable canola growth in the brown soil zones of the Palliser Triangle, one of the hottest, driest regions of the Prairies. With canola
Recent price drops hide wheat’s weather situation
Grain Markets, Markets

Recent price drops hide wheat’s weather situation

Southern U.S. winter wheat-growing areas remain in drought

By
As the calendar turned over to April, the focus for traders on the Chicago Board of Trade turned toward weather. There can be a tendency to either react based on recent weather events, ignore potential long-term weather trends, or both. In the case of wheat, the recent weakness shown in all three major U.S. varieties
ICE November 2023 canola with Bollinger bands (20,2) and May 2023 canola (black line). (Barchart)
Crops, Markets

ICE weekly outlook: New-crop November canola set to step back

StatCan not expected to sway futures much

By ,
MarketsFarm — There is presently little upside to new-crop November canola on ICE Futures, according to analyst Errol Anderson of ProMarket Communications in Calgary. Anderson pointed to losses in Malaysian palm oil and weakness in China’s soymeal market as weighing on ICE canola values, with more pressure coming out of South America. “The [soybean] production

AgCanadaTV

AgCanadaTV: In case you missed it; your national ag news recap for Jan. 9, 2026

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →