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Canola

File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)
Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

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Reading Time: 2 minutes Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Managed money’s net long position grows in canola

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Reading Time: < 1 minute MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more
(Kat72/iStock/Getty Images)
Crops, Markets

Canola exports top 10 million tonnes in 2019-20

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Reading Time: < 1 minute MarketsFarm — Total Canadian canola exports during the 2019-20 crop year were up nine per cent on the year, and slightly above the five-year average, according to the latest weekly data from the Canadian Grain Commission (CGC). With 229,800 tonnes exported during the final week of the 2019-20 marketing year, the preliminary total canola exports […] Read more
File photo of an Alberta wheat field. (ImagineGolf/E+/Getty Images)
Crops, Markets, Weather

Crop tour suggests record-large wheat harvest ahead

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Reading Time: < 1 minute Winnipeg | Reuters — Canadian farmers are on track to harvest a record-large all-wheat crop, and more canola than last year, due mainly to favourable crop conditions, advisory service FarmLink Marketing Solutions estimated Wednesday. The Winnipeg-based company’s staff toured western Canadian fields during the last two weeks of July. “We expected a big crop and […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

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Reading Time: < 1 minute MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Canola, Crops, Reuters

Canada says requirements for Huawei exec’s extradition to U.S. met

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Reading Time: 2 minutes Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more
Overall crop conditions in Alberta’s latest provincial crop report were pegged at about 78 per cent. Photo: File
Crops

Strong crops in southern Alberta, weaker ratings in north

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Reading Time: 2 minutes MarketsFarm – Crop conditions in Alberta are a story of opposites in looking at the data in the latest provincial crop report. In the northern half of the province excessive moisture has created poor crop conditions, while more ideal conditions in the south have resulted in ratings far above the five-year averages. Due to the […] Read more
Photo: Greg Berg
Crops, Weather

Saskatchewan crops in decent shape heading into August

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Reading Time: < 1 minute MarketsFarm – Crops throughout Saskatchewan rated as being in fair to good condition, according to the latest weekly crop report from Saskatchewan Agriculture. As of July 27, spring cereals, canola, field peas and soybeans were said to be in fair to excellent. The report said winter wheat and fall rye were ripening and maturing. Harvest […] Read more
A crop of soft red winter wheat, grown at Szentimrey Seeds near Cambridge, Ont., in 2019.
Crops

The struggle for longer crop rotations

Growers know the benefits, but often the economics seem just too steep

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Reading Time: 7 minutes Modern agronomic science is clear. Longer rotations are better. Three crops are better than two, four are better than three. Yet commodity prices and weather conditions often confound the search for an ideal rotation. In 2019, corn had two knocks against it. The planting season turned wet. Plus, the market was weighed down by heavy […] Read more
A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Canola, Markets

ICE weekly outlook: Canola scale-up selling to temper gains

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Reading Time: < 1 minute MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for much of the recent strength […] Read more

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