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USDA report surprises oilseed market
Grain Markets, Markets

USDA report surprises oilseed market

Traders were expecting a lower yield number and when they didn’t get it, they reacted

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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
Fence and canola crop
Grain Markets, Markets

An up-and-down week for canola prices

Prices hit highs not seen since summer but fell back by the end of the week

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ICE Futures Canada canola futures touched some of their best levels since July during the week ended November 3, but ran into resistance at the highs and were right back where they started by Friday’s close. The January contract hit a session high of $522.50 per tonne on November 2, but was back below the
USDA forecast puts soybeans in uncharted territory
Comment/Feedback, Oilseeds

USDA forecast puts soybeans in uncharted territory

Acreage is up but production down in the latest USDA monthly crop production report

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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
Blooming rapeseed field at sunset
Grain Markets, Markets

Fundamentals, uncertainty hold canola rangebound

USDA’s soybean yield outlook was briefly helpful

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The ICE Futures Canada canola market enjoyed a slight bump during the week ended Oct. 12, as a bullish U.S. Department of Agriculture report lifted the tide for all oilseeds. However, canola futures will likely need more bullish news if they hope to shake free of their recently established range of $490-$500 per tonne. USDA
The decision to apply glyphosate or a true desiccant ahead of harvesting soybeans will depend on the weeds being controlled.
Crops, Oilseeds

Pre-harvest glyphosate on soybeans?

Yes, no or maybe — it really all depends on the weeds

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Whether to apply glyphosate or a true desiccant before harvesting soybeans depends on the weeds in the crop, Manitoba Agriculture weed specialist Jeanette Gaultier, said Sept. 20 during the Crop Talk Westman webinar. “If your issues are winter annuals and perennials I would definitely go in with glyphosate because obviously it’s a systemic — it’s
It’s a crucial window to ensure soybean harvest quality as the crop comes off and goes into the bin.
Crops, Oilseeds

Avoid soybean loss during harvest, drying and storage

Shattered beans can badly affect the profitability of your crop

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Harvest timing can have a huge impact on soybean shatter losses, according to North Dakota State University Extension Service agricultural engineer Ken Hellevang. “Field losses, splits and cracked seed coats increase as moisture content decreases,” he says. “Shatter losses have been shown to increase significantly when seed moisture falls below 11 per cent or when
Canola traders are fixed on forecasts for a record crop
Grain Markets, Markets

Canola traders are fixed on forecasts for a record crop

Minneapolis wheat suggests protein will be in short supply

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.
Waterhemp is a concern not only because it’s a new weed for Manitoba, but because in places in Ontario and the U.S., it’s often resistant to glyphosate, Group 2 herbicides or both. (Tone Ag Consulting photo)
Crops

Second incidence of waterhemp found in Manitoba

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A second case of waterhemp — a noxious weed which, in many places in Ontario and the U.S., is resistant to glyphosate, Group 2 herbicides or both — has been found in Manitoba. Waterhemp (amaranthus tuberculatus), which resembles redroot pigweed and is in the same family, was first found in a soybean field southeast of
Crops, Local news

Sclerotinia seen in canola, aphid populations rise in soybean crops

Manitoba Insect & Disease Update for August 16

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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
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola sinks below $500

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CNS Canada — As canola heads towards harvest some bearish headwinds have popped up that are keeping the front-month contract below the $500 mark. “There’s been a big reversal since the (U.S. Department of Agriculture) report,” said Keith Ferley of RBC Dominion Securities in Winnipeg. USDA late last week projected the U.S. soybean crop at

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