The Canola Council of Canada is celebrating a new memorandum of understanding after wrapping up a trade mission to China. Speaking from Beijing, canola council president Jim Everson emphasized the importance of the Chinese market for Canadian canola producers and processors. “We are just at the end of what we think is a very successful
Although robust world soybean demand and competitive advantages have allowed the United States to surpass early-season export forecasts for four years in a row, market watchers wonder if this is the year that will break the mould. The U.S. Department of Agriculture’s weekly soybean export figures have consistently met or exceeded analyst estimates so far.
ICE Canada canola prices bounced around within a wide range during the week ended Nov. 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is
ICE Futures Canada canola contracts may have finally topped out after the USDA’s monthly supply-and-demand report put the entire oilseed sector under pressure. Canola futures began climbing back in the early part of September, eventually rising above the $520-per-tonne mark. However, that changed on Thursday, November 9, when the USDA left its prediction for soybean
Just when analysts thought they had figured out the pattern in the U.S. Department of Agriculture’s U.S. soybean forecasts, the agency’s latest estimate broke form and created even more uncertainty in the market. In its monthly U.S. crop production report on Oct. 19, USDA increased harvested area of the oilseed by 740,000 acres but lowered
ICE Futures Canada canola contracts trended higher for the past two weeks, despite seasonal harvest pressure, although the bigger picture remains sideways and rangebound. The November contract briefly traded above the 200-day moving average of $497 per tonne on Sept. 22, on the back of some fund buying triggered by a rally in Chicago soybeans.
Sclerotinia stem rot has been observed in scattered canola fields through the canola disease survey. In most fields levels are low, but incidence was about 50 per cent in a field in the Carman area. Blackleg symptoms are easiest to identify when stems are cut at the base. The perfect time to scout is at harvest, so bring your clippers along
The warmer and drier weather conditions were welcomed by Manitoba producers. All crop types, particularly the warm season crops including grain corn and soybeans, are benefiting from the warmer weather. The more favourable weather conditions are allowing some acres impacted by excess moisture to recover. However, continuing wet field conditions and symptoms of excess moisture
Hay Day has a new home. The annual Manitoba Agriculture event was held for the first time at the Manitoba Beef and Forage Initiative’s (MFBI) Brookdale site after two years in participating farmers’ fields. It attracted more than 100 producers seeking information on how to produce top-quality hay every season and featured extension specialists from