Daily Network News

More News →

Canola

Photo: Jeannette Greaves/File
Crops, News

Saskatchewan spring planting virtually complete

By
Reading Time: < 1 minute At 98 per cent complete, spring planting in Saskatchewan has essentially wrapped up for 2024, although for rain has delayed farmers’ last rounds in the northeast and east-central regions of the province. For the week ended June 10, it was the northeast that received the most precipitation in Saskatchewan. The province’s latest crop report noted […] Read more
Photo: Thinkstock
Canola, Markets

ICE weekly: Canola futures volatile amidst selling, rainy weather

By
Reading Time: 2 minutes Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
Photo: Laura Rance/File
Crops, Markets

Canadian Grain Commission announces grain grading changes

By
Reading Time: 2 minutes The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more
A seeding unit sits parked in a field north of Winnipeg, Man., due to wet field conditions on June, 6, 2024. Photo: Greg Berg
Crops, News

Manitoba seeding nears completion: report

By
Reading Time: < 1 minute Manitoba farmers made good seeding progress in early June despite wet conditions, with 92 per cent of intended acres in the ground – up nine points from the previous week, according to the latest provincial crop report for the week ended June 11. Spring cereals, peas, and grain corn were approximately 97 per cent complete. […] Read more
Photo: Allan Dawson/File
Crops

Seeding very close to wrapping up in Alberta

By
Reading Time: 2 minutes Spring planting in Alberta has almost wrapped up for this year, with the agriculture ministry pegging it at 97 per cent complete province-wide as of June 4. Seeding advanced 20 points on the week with the pace at the five-year average. The greatest overall progress was made in northeastern, northwestern and central Alberta. The northeast […] Read more
Open interest in the canola market was down by 14,880 contracts on the week. Photo: File
Markets

Fund short position grows in canola

By
Reading Time: < 1 minute Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel
News

Farm groups criticize capital gains inclusion rate change

Ten national organizations say several tax-related changes in the 2024 federal budget will impact farmers 

By
Reading Time: 3 minutes In a May 27 letter to finance minister Chrystia Freeland, agriculture minister Lawrence MacAulay and national revenue minister Marie-Claude Bibeau, 10 signatories said they are concerned about the capital gains inclusion rate, the Alternative Minimum Tax (AMT) and the Canadian Entrepreneurs’ Incentive (CEI), which were all announced in April.

Latest Market News

More Market News →