Reading Time: < 1 minute Changes varied in the amount of oilseeds crushed and grains delivered in Canada during the month of May compared to one year ago, according to Statistics Canada (StatCan).
Canola
Oilseed crush, grain deliveries see mixed yearly changes
Manitoba Crop Report: More wet weather across province
Reading Time: 2 minutes Crop development in Manitoba continued while isolated rains fell over the province during the week ended June 23.
Few changes expected ahead of StatCan report
Reading Time: 2 minutes It will be the second survey-based acreage report for 2024-25 from StatCan after the first was released in March. Since then, much of the Prairies received normal to above-normal amounts of precipitation while cooler temperatures have delayed development in most crops.
Bearish bets rise in canola futures
Reading Time: < 1 minute Bearish bets in the ICE Futures canola market hit their highest level in three months in mid-June, as speculative fund traders added to their large net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Alberta Crop Report: Variable weather fails to dispel crop growth
Reading Time: 2 minutes Crop conditions across the province were rated at 72.9 per cent good to excellent, better than the five-year average of 68.8 per cent and the 10-year average of 70.2 per cent. The central region had the best rating at 78.2 per cent, followed by the Peace region at 75.7 per cent and the south region at 73.9 per cent, all above both historical averages. The northeast region was at 70 per cent, below its averages, while the northwest was in line with its average at 61.8 per cent.
AAFC raises wheat exports call, tightens carryout
Reading Time: 2 minutes Canadian wheat exports in both the current crop year and the upcoming 2024/25 marketing year will likely end up above earlier expectations, according to updated supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released June 20, that left the balance sheet for canola relatively unchanged.
Canadian Ag Hall of Fame announces 2024 inductees
Reading Time: 2 minutes Bruce Coulman, Michael Eskin, Paul Larmer and Charles Vincent will be formally inducted on November 2 at a ceremony during the Royal Agricultural Winter Fair in Toronto.
ICE Canada Weekly: Little to propel canola upward
Reading Time: < 1 minute Canola across most of the Prairies appeared to be in good shape during the second last week of June, with very little prospect of a major rally according to a trader.
Canola fund short position climbs higher
Reading Time: < 1 minute As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
Seeding in Alberta nearly complete, with strong emergence
Reading Time: 2 minutes Spring planting in Alberta was virtually complete according to the province’s latest crop report. As of June 11, seeding in Alberta was a smidge under 100 per cent complete provincewide and on par with the five-year average. The Peace River Region ranked 100 per cent complete for its major crops, while the south, central, northeast […] Read more