Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts are running into major upside resistance from a chart standpoint, with a turn lower more likely than additional gains in the near term. “The demand component for canola remains quite strong, although domestic crush margins have diminished,” said Mike Jubinville of ProFarmer Canada. Soyoil futures at the […] Read more
ICE weekly outlook: Canola runs into headwind
EU, Canada secure clearance to kick-start free trade deal
Reading Time: 2 minutes Strasbourg | Reuters — The European Union and Canada secured clearance on Wednesday for their contentious free trade deal and the removal of import duties that supporters say will boost growth and jobs on both sides of the Atlantic. The two parties can claim a success for their open markets policy after months of protest […] Read more
Despite Trump talk of ‘tweaking’ NAFTA, Canada could still be hurt
Reading Time: 2 minutes Ottawa | Reuters — Although U.S. President Donald Trump says he only wants to tweak trade ties with Canada, his pledge to renegotiate NAFTA to focus on Mexico is almost impossible and Canada will not emerge unscathed, Canadian officials and trade experts said Tuesday. Trump had warm words for Canadian trade following a meeting with […] Read more
Diversification the name of the game for Lewis Farms
Change Makers: From potatoes to grain to a commercial bull business, Lewis Farms has diversified to manage risk and accommodate market challenges
Reading Time: 7 minutes “Sometimes, progress simply isn’t possible without change,” says Ken Lewis, general manager of Lewis Farms in Spruce Grove, just west of Edmonton, Alta. Which means that ignoring opportunities to change, or actively resisting change when it arrives can actually be the paths of greatest risk. Because change will happen. In fact, like other farmers, Lewis […] Read more
ICE weekly outlook: Canola holds firm before USDA report
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts made steady gains during the week ended Wednesday, as traders positioned themselves ahead of Thursday’s release of the U.S. Department of Agriculture’s next supply and demand report. “We’ve had a bit of a run over the past week and a bit; we popped off some oversold levels,” […] Read more
Peaola continues to show promise
On their own, the peas and canola may only produce 60 per cent of normal, but that still adds up to a 120 per cent yield
Reading Time: 5 minutes Intercropping sometimes gets a bad rap from producers. For one thing, crop insurance often doesn’t cover intercropped mixtures, so if one or both crops fail, they’re out of luck. For another, yield benefits don’t always outweigh the extra legwork required at planting and harvest. But the promise of intercropping is that some crops can be […] Read more
StatsCan canola stocks in line with expectations
Reading Time: 2 minutes CNS Canada –– Canadian canola stocks may be tighter than a year ago and wheat stocks larger — but the updated numbers from Statistics Canada may also need more asterisks than normal. StatsCan, in a report released Friday, pegged Canadian canola supplies as of Dec. 31 at 12.159 million tonnes, down from 13.452 million at […] Read more
ICE weekly outlook: Canola pointed lower
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
Anonymous midge appears in Prairie canola
Reading Time: 2 minutes Canola crops in northeastern Saskatchewan and east-central Alberta have run up against a potential pest problem so new it doesn’t yet have a name. Researchers with Agriculture and Agri-Food Canada, the University of Guelph and the Canadian Food Inspection Agency have reported a new species of midge damaging canola crops in those areas. The species […] Read more
Wheat, durum exports running behind average
Reading Time: < 1 minute CNS Canada — Canadian wheat and durum exports are running well behind the year-ago pace, despite the country’s larger production. Canadian wheat exports during the crop-year-to-date of 6.56 million tonnes compare with 8.12 million at the same point a year ago and the five-year average for week 25 of the crop year of 7.28 million, […] Read more
A message from April Stewart, Country Guide's Associate Editor
