Ceres Solutions agronomist Betsy Bower shows a soybean seedling dug up in a recently planted field at Terre Haute in western Indiana on April 19.

Canola on the verge of a good spring

The resistance level is now believed to be around $750

As canola pulled away from its support level of $680 per tonne early in the week of May 1, the oilseed trade was muddled. Signs of that cropped up in the May 3 morning trading session, when it bounced on either side of steady. That again occurred May 4 and lasted most of the day.

Survey says…

The numbers we’re seeing may need an asterisk, for various reasons

Back in my university days, I had a part-time job conducting market research surveys on evenings and weekends. “On a scale of one to seven, how satisfied are you with the flavour of x-brand toothpaste?” or “In the past month, have you heard any beer ads on the radio?” That kind of thing. It could


Canola sees short-term gain, long-term pain

Canola sees short-term gain, long-term pain

The latest StatCan survey piled on other bearish factors

If Statistics Canada estimates are correct, this year’s domestic canola crop will continue the oilseed’s ongoing acreage recovery since Western Canada’s historic 2021 drought. Last week StatCan released its first survey-based seeding intentions report for 2023-24, projecting canola area to increase by 0.9 per cent from 2022-23, to 21.597 million acres. This might be an

“Looking forward, that means we’re going to face slower demand for Canadian barley when Australian shipments resume. There’s no question in my mind.” – Peter Watts, Canadian Malting Barley Technical Centre.

Counting the impacts of China-Australia barley deal

As normal trade flows resume, new markets will be needed

The coming resumption of China-Australia barley trade will require Canada to seek new markets. Peter Watts, managing director of the Canadian Malting Barley Technical Centre, noted that after China imposed 80.5 per cent tariffs on Australian barley in May 2020, Canada was a clear-cut beneficiary. “Canada saw its biggest barley export program of the past


Trucks wait for crossing into Poland at the Rava-Ruska border checkpoint in Ukraine’s Lviv region on April 17, 2023. (Photo: Reuters/Roman Baluk)

EU sets Ukraine grain import restrictions in five countries until June 5

Supports pledged for farmers in those countries

Brussels | Reuters — The European Commission said on Tuesday it set restrictions until June 5 on imports of Ukrainian wheat, maize, rapeseed and sunflower seed to ease the excess supply of these grains in Bulgaria, Hungary, Poland, Romania and Slovakia. The EU executive arm said that during that period, Ukrainian wheat, maize, rapeseed and

We must assume that the situation that developed in 2022 is apt to occur again, and that next time it may not work out as well as it apparently has in 2022.

Opinion: The dodged bullets of 2022

Ag policy needs to be prepared if last year’s lifelines don’t reappear

Canadian grain and oilseed producers experienced a surge in major crop input expenses in 2022. At the same time, the market for grains and oilseeds was exceptionally volatile. This dynamic was critical in determining farm incomes in 2022 and has much to say on what farmers need from agricultural policy. To investigate this issue, the


Canola demand equal to winter canola influx

Canola demand equal to winter canola influx

Biofuel markets are on the rise and there’s probably more than enough demand to go around

Rising demand for oil due to the biofuel market will likely swallow any influx American winter canola might produce, experts say. “I think we’ll need all the supply that we can get,” said Curtis Rempel, vice-president of crop production and innovation with the Canola Council of Canada. Why it matters: Winter canola is being promoted

Resolving the barley dispute is a starting point. It will also demonstrate that a rules-based
global trading system can influence China’s behaviour.

Comment: Australia-China barley solution shows diplomacy does work

Australia’s WTO case has been suspended with the promise of a Chinese tariff review

The agreement between Australia and China to resolve their barley dispute without World Trade Organization adjudication is evidence that relations have improved. It raises confidence Australia can maintain a constructive relationship with China, even as U.S.-China relations continue to deteriorate. China imposed an 80.5 per cent import tariff on Australian barley in May 2020, on


The latest activity in canola markets has more to do with speculators buying back short positions.

Betting on grain markets

Expert's Radar: The spreads become important when trying to understand market action

As a casual hockey fan who only pays real attention once the playoffs roll around, it’s been interesting to see the sheer number of sports betting ads, and even commentary, now that gambling on the outcome of individual games is legal in Canada. There are many ways to bet on sports. While simply picking which

Spring planting is proceeding in parts of the U.S. Midwest, including this field at Montgomery Township in northeastern Ohio’s Ashland County on April 19.

Canola trade’s attentions turn to thoughts of spring

Planting is already underway in U.S. fields nowhere near you

The ICE Futures canola market saw mixed activity during the week ended April 20, with the nearby May contract hitting both its highest and lowest levels of the past month as traders worked to exit the contract ahead of its expiry. The more-active deferred months were also up and down during the week, but held