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Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Crops, Markets

October crush numbers up, canola record set

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MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set
(Dave Bedard photo)
Crops, Markets

Crop stocks forecasts mostly unchanged in AAFC supply/demand report

Corn carryout revised upward

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MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25
Optimum GLY canola getting closer to market
Crops, News

Optimum GLY canola getting closer to market

Corteva’s new canola trait will allow farmers to apply higher doses of glyphosate along with a longer application period

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CROPS Corteva’s new canola trait will allow farmers to apply higher doses of glyphosate along with a longer application period

Corteva expects to commercialize its new Optimum GLY canola by 2022, giving western Canadian farmers more options and flexibility to control hard-to-kill weeds. Optimum GLY canola can tolerate higher doses of the non-selective herbicide glyphosate applied longer into the growing season, Kerry Freeman, Corteva’s canola category leader, said in an interview. “It’s going to allow
Cherilyn Jolly-Nagel. (GGC video screengrab)
Crops, Markets

Grain Growers of Canada lobby Parliament Hill

Agriculture can help restart Canada's economy and the federal government help by addressing some issues, group says

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Agriculture can help revitalize Canada’s post-COVID economy, but the federal government should clear the track for it. That means updating regulations to encourage technological innovation, improving market access for agricultural exports and recognizing farm practices that help the environment, Grain Growers of Canada (GGC) says. The organization, which represents 15 regional, provincial and national grain
Unusually warm temperatures for this time in November have kept farmers’ attention off selling their crops, in turn pushing canola prices higher.
Grain Markets, Markets

Canola gets bounce off soybeans’ gains

Uncertainty also continues over U.S. soybean acreage

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ICE Futures canola made significant gains during the week ended Nov. 5, after starting the week in the red. Canola prices started the week at $534.90 per tonne, with the January contract losing over $7 per tonne. However, unseasonably balmy weather and support from comparable vegetable oils gave prices a much-needed boost throughout the week, and the January
ICE January 2021 canola with 20-day moving average (yellow line) and CBOT January 2021 soymeal (green line). (Barchart)
Crops, Markets

ICE weekly outlook: Bull market in canola’s grasp

That said, watch for cracks in demand side of equation

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MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S.
Agricultural commodities and agri-foods account for one-third of Canada’s total exports to China.

News

Why the Chinese market is so critical to Canadian farmers

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Trading with China is important for Canada, but especially for its farmers. China is Canada’s second-biggest export market for agricultural goods behind the United States, says a recent report from the Canada West Foundation. “The significance of this growing trade with China is of particular concern for Western Canada which ships close to two-thirds of
News

Can China be trusted on trade?

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China is an important export customer for Canadian agricultural products, but can it be trusted? After the arbitrary arrest in December 2018 of two Canadians, Michael Spavor and Michael Kovrig, many Canadians would answer no. China using non-tariff trade barriers to cut back on Canadian canola seed, soybean and pork imports in 2019-20, added to

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