Reading Time: 2 minutes Harvest operations across Manitoba are nearly complete, with only sunflowers and corn still left to come off the fields, according to the latest provincial crop report for the week ended Oct. 22.
Canola
Manitoba harvest nearly done, only corn/sunflowers left
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Reading Time: 2 minutes Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
AAFC lowers canola ending stocks estimate
Reading Time: 2 minutes Canadian canola ending stocks for the 2024-25 marketing year are forecast to be tighter than earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Oct. 21.
Fund short position in canola dips for fourth week
Reading Time: < 1 minute The net fund short position in canola declined for the fourth week in a row in mid-October, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs
Reading Time: < 1 minute China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.
Saskatchewan Crop Report: Provincial harvest 99 per cent finished
Reading Time: < 1 minute Saskatchewan's 2024 harvest will be completed in a matter of days, according to the province's weekly crop report.
ICE canola weekly outlook: Weak soybeans a “problem”
Reading Time: < 1 minute The ICE Futures canola market backed away from nearby highs during the week ended Oct. 16, as losses in Chicago soybeans and soyoil weighed on values. With the canola harvest in its final stages across Western Canada, the market will likely settle in a sideways range while looking to outside influences for direction.
Saskatchewan crop report: Harvest nearly complete
Reading Time: < 1 minute Combining in Saskatchewan is virtually complete with the provincial report putting the harvest at 97 per cent finished overall. That's a gain of six points during the week ended Oct. 7, as parts of the province contended with rain delays.
ICE canola weekly outlook: Rising market hits resistance
Reading Time: < 1 minute The ICE Futures canola market climbed to its highest levels in two months to start October, but ran into resistance and may now need an outside catalyst to continue the uptrend.
Manitoba crop report: Most of the harvest off the field
Reading Time: < 1 minute Combining in Manitoba advanced 12 points at 85 per cent complete for the week ended Oct. 7. While some crops made great amounts of progress, others did not. The largest gains were made in the province's soybean and flax harvests as they are up 41 points apiece at 70 and 61 per cent finished respectively.