Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts are likely to edge lower, short-term, in sluggish holiday trading. “It’s just kind of a quieter time of year for fundamental news, so you’re just kind of taking direction from outside markets,” said Jon Driedger of FarmLink Marketing Solutions. Canola prices will likely see pressure moving into […] Read more
ICE weekly outlook: Canola to notch lower in holiday trade
Monsanto shareholders back Bayer deal
Reading Time: 2 minutes Chicago | Reuters –– Shareholders of U.S. seeds and agrochemicals company Monsanto approved the company’s US$66 billion acquisition by Bayer on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub […] Read more
Blackleg and canola can get along… until
Keys to restoring a healthy relationship between blackleg and canola include wider rotations of both crops and canola varieties with different resistance genes
Reading Time: 4 minutes After hearing many presentations on blackleg in canola, I was confused. I heard that disease pathogens usually harm their host plant, but blackleg doesn’t necessarily. In fact, blackleg and brassica species such as canola usually get along. On the other hand, we know that blackleg is now a major problem. Why? University of Manitoba professor […] Read more
Trump win unlikely to impact Dow deal, DuPont CEO says
Reading Time: 2 minutes Boston | Reuters — DuPont CEO Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the […] Read more
ICE weekly outlook: ‘Toppy’ canola could still go higher
Reading Time: 2 minutes CNS Canada — Canola futures have trended higher in the most active nearby contracts in recent weeks, but still remain underpriced compared to soybeans. From a chart perspective, ICE Futures Canada’s January contract is trading at the highest levels for the front month in two and a half years. However, while “the charts may be […] Read more
Focus on quality, not quantity following StatsCan report
Reading Time: 1 minute CNS Canada –– This year’s Canadian wheat production was up considerably from last year, according to updated estimates from Statistics Canada — but the quality of that crop remains questionable. All-wheat production (spring, winter and durum wheat combined) was pegged at 31.7 million tonnes in 2016-17, which compares with 27.6 million in 2015-16. Of that […] Read more
Canada harvests bigger wheat, canola crops despite snowy fall
Reading Time: 2 minutes Reuters — Canada’s wheat and canola crops withstood unfavourable autumn weather, topping Statistics Canada’s previous estimates and last year’s production, according to the government agency’s report on Tuesday. The estimates were met with greater skepticism than usual from traders and analysts, as StatsCan surveyed farmers during unusually snowy, then mild, autumn weather that raised fears […] Read more
Canadian wheat, canola crops seen weathering snow
Reading Time: 2 minutes Winnipeg | Reuters — Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The industry expects, on average, all-wheat […] Read more
ADM sells stake in Canada Malting owner GrainCorp
Reading Time: < 1 minute Chicago | Reuters — U.S. agricultural commodities trader Archer Daniels Midland has sold its 19.9 per cent stake in GrainCorp to underwriters UBS, just three years after a failed bid to wholly acquire the Australian grain handler, ADM said Thursday. The sale to the Swiss bank was valued at A$387 million (C$382 million), or A$8.53 […] Read more
ICE weekly outlook: Farmers look for rallies
Reading Time: < 1 minute CNS Canada — As the last remaining days of harvest tick down, farmers are beginning to look for rallies to sell into, according to an analyst in the market. “The farmer continues to struggle out there, but seems content to sell into the rallies. I don’t think they’re selling into the breaks,” said Keith Ferley […] Read more
A message from April Stewart, Country Guide's Associate Editor
