Daily Network News

More News →

Canola

An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Canola, Crops, Peas

Plant protein processor backed for expansion

Lenders arrange up to $85 million for Merit Functional Foods

By
Reading Time: 2 minutes The money has been lined up to fund a major expansion for a Winnipeg pea and canola protein processing plant that’s still being built. Merit Functional Foods Corp. announced May 4 it has secured a debt financing package of up to $85 million from “a syndicate of lenders” including Export Development Canada, Farm Credit Canada […] 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

Huawei extradition ruling could unleash more Chinese backlash

More punitive trade measures expected

By ,
Reading Time: 2 minutes Ottawa | Reuters — A British Columbia court ruling that could permit the extradition of a senior Huawei executive to the U.S. leaves Canada vulnerable to further retaliation from Beijing, analysts said. Huawei chief financial officer Meng Wanzhou on Wednesday lost a challenge to a U.S. bid to extradite her to face bank fraud charges, […] Read more
Apothecia germinate from sclerotia in the soil. They are tiny but can be in great numbers, releasing billions of spores that go everywhere. The ones that land on canola petals are the concern for sclerotinia stem rot and are the target for fungicide applications.
Canola, Crops

How to keep sclerotinia infection to less than five per cent

New research shows fungicide applied at or just after 20 per cent flowering is still the best way to stop sclerotinia stem rot from shredding canola profits

By
Reading Time: 6 minutes Like a detective piecing together the timeline of a crime, Dwayne Hegedus has played and replayed the sequence of events from when a sclerotinia-infested petal drops onto a canola leaf to the all-is-lost cleaving of the cuticle. The scientist with Agriculture and Agri-Food Canada in Saskatoon now knows, genetically, what arrows the pathogen shoots and […] Read more
ICE July 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Extradition ruling not the only anchor on canola

By
Reading Time: < 1 minute MarketsFarm — Although ICE July canola finished $1.30 per tonne lower Wednesday, at $463.50, following a ruling on the extradition of Huawei executive Meng Wanzhou, Wayne Palmer said there’s much more to the decline in the price. While Palmer, a trader with Exceed Grain in Winnipeg, called the ruling “a nail in canola’s coffin,” he […] Read more
Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)
Canola, Crops, Reuters

Huawei executive loses key court argument in fight against extradition

By ,
Reading Time: 2 minutes Toronto/Vancouver | Reuters — Huawei’s chief financial officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. Meng, a Chinese citizen, was arrested in December 2018 in Vancouver on a warrant issued by U.S. authorities, who accuse her of bank fraud […] Read more
(File photo by Lorraine Stevenson)
Crops, Markets

Farmer deliveries well above average in April

By
Reading Time: < 1 minute MarketsFarm — Farmer deliveries of major grains into the Canadian commercial pipeline were up substantially in April, hitting their third-highest monthly total on record, according to updated data Statistics Canada released Monday. Farmers in April delivered 5.868 million tonnes of major grains, about a million tonnes above the monthly average during the 2019-20 crop-year-to-date, and […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Spring Wheat

AAFC tightens canola stocks projections

By
Reading Time: < 1 minute Corrected, May 25 — MarketsFarm — Canadian canola ending stocks for both the current marketing year and the upcoming 2020-21 season will be tighter than earlier forecasts, according to updated supply/demand estimates from Agriculture and Agri-Food Canada released Friday. The latest data take into account acreage estimates released by Statistics Canada earlier in the month. […] Read more
ICE Futures July 2020 canola with 20-, 40-, 100- and 200-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola nearing resistance

By
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have trended higher over the past month, but may be nearing the upper end of their nearby range. Solid demand, from both exporters and domestic crushers, has kept canola well supported, while a firmer tone in world energy and vegetable oil markets should also add some upside momentum, according […] Read more
(Qingwa/iStock/Getty Images)
Crops, Markets, Reuters

USDA sets coronavirus aid payments for corn, soy, wheat

By
Reading Time: < 1 minute Chicago | Reuters — U.S. farmers that grow crops including corn and soybeans will receive coronavirus assistance payments based on either half of their 2019 production or the supplies they had on hand as of Jan. 15, the government said on Tuesday. The coronavirus aid is the latest in a round of government payments that […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Net short position reduced in canola

By
Reading Time: < 1 minute MarketsFarm — Rising futures prices saw speculators exiting short positions in canola and adding to a growing net long in soybeans, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 38,738 contracts on Tuesday, […] Read more

Latest Market News

More Market News →