Reading Time: < 1 minute CNS Canada — While springtime canola supplies look favourable for prices, bearish oilseed situations elsewhere leave ICE Futures Canada prices straddled with downside, especially ahead of a key production report. “The supply and demand fundamentals on canola are all optimistic, better than they are on most oilseeds,” said Mike Jubinville of ProFarmer Canada. “But let’s […] Read more
ICE weekly outlook: Canola along for ride with soybeans
Canadian canola crush sets new weekly record
Reading Time: < 1 minute Canada’s canola crush hit a new weekly record during the week ended Wednesday, with processors across the country operating at nearly full capacity. The canola crush during the week ended March 22 came in at 208,268 tonnes, according to the most recent Canadian Oilseed Processors Association report. That puts the crush capacity utilization for the […] Read more
Tax treatment of deferred grain cash tickets under review
Reading Time: 2 minutes Grain growers in Canada who take deferred cash purchase tickets for crops are being asked whether it’s time to get rid of the rule that allows income from those tickets to be put off to the following tax year. Tucked into federal Finance Minister Bill Morneau’s budget on Wednesday was an announcement of public consultation, […] Read more
Sharp futures drop sees canola crush margins rise
Reading Time: < 1 minute CNS Canada — The sharp break lower in Canadian canola futures prices on Thursday caused crush margins to rise to their widest levels since January, as the product values have not fallen to nearly the same extent. Canola Board Crush Margins calculated by ICE Futures Canada were at about $114 above the May contract as […] Read more
ICE weekly outlook: Canola looks for support from new crop
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts finished lower during the week ended Wednesday but attention in the market is turning to the new crop — and to North American acreage expectations. During the week, the dominant May canola contract fell $9.20, from $510.80 per tonne to $501.60. Large funds have now flipped to […] Read more
Comfort builds for straight combining canola
New research and grower experiences are answering important questions about straight combining canola in Western Canada. Comfort with the practice rises as more growers explore where and when it might work and how to improve results
Reading Time: 6 minutes Dale Beutler of Whitewood, Sask. did not have a good first experience straight combining canola. It was 2015. Like many canola fields in the area that year, the one he left standing for straight combining had been reseeded and was late. By the first week of October, stems were still green —even though seeds were […] Read more
Diesel prices soften, but watching U.S. infrastructure plan
Reading Time: 2 minutes CNS Canada — Sinking prices for crude oil and a softer Canadian dollar have kept diesel prices relatively low for Canadian farmers in 2017, and they could be heading lower, as long as U.S. President Donald Trump’s infrastructure plan doesn’t get in the way. “I would probably say in Canada you’re going to see numbers […] Read more
No point in quarantine for verticillium wilt, CFIA says
Reading Time: 3 minutes Slapping federal quarantines on canola fields with verticillium wilt wouldn’t serve much purpose, since the yield-robbing fungi is already in all of Canada’s major canola-growing areas, the Canadian Food Inspection Agency says. While the agency itself is recommending against regulation, CFIA on Wednesday posted a draft of a risk management document on verticillium wilt, seeking […] Read more
Cool, dry canola keeps best when left alone
Reading Time: 3 minutes For farmers who plan to keep canola in bins through the hottest months of the year, a new Prairie study suggests that to manage bin temperature, less handling is better. Having set out to study how best to manage higher-moisture canola over the spring and summer, a team from the Prairie Agricultural Machinery Institute (PAMI) […] Read more
Pacific trade pact countries seek ‘progressive’ way forward
Reading Time: 2 minutes Vina Del Mar, Chile | Reuters — The remaining members of the Trans-Pacific Partnership (TPP) are seeking a way forward on the trade pact, they said on Wednesday, as some emphasized the need for deals to address concerns about workers’ rights and other issues. The TPP, which originally covered some 40 per cent of global […] Read more
A message from April Stewart, Country Guide's Associate Editor
