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Canola

Canola industry ready to move forward
Canola, General

Canola industry ready to move forward

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Reading Time: < 1 minute The Canola Council of Canada celebrated a return to normalcy at its annual meeting at the Canadian Crops Convention in Ottawa. “Our theme this year is ‘from adversity to opportunity’ and I think that’s very fitting,” said Jim Everson, the group’s president. Production has rebounded following the drought of 2021, meaning there’s opportunity to develop […] Read more
A grasshopper in a canola field near Starbuck, Man. in the summer of 2019. (MarketsFarm photo by Glen Hallick)
Crops

Adama’s lambda-cy products to be available this year

Company to continue selling Silencer, Zivata after recall

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Reading Time: 3 minutes The Canadian arm of ag chem firm Adama says it’s relabelled its inventories of lambda-cyhalothrin insecticide products Silencer and Zivata and will have them available for sale to farmers in 2023. The company had said last November it wasn’t yet sure those products would be available this year under an approaching deadline following a 2021 […] Read more
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Canola, Crops, Markets

USDA sees increased EU canola imports, no extra from Canada

U.S. also projects higher Canadian ending stocks

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Reading Time: < 1 minute MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes, […] Read more
ICE May 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Upswings likely out of question for canola

Canada's exports expected to ebb

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Reading Time: 2 minutes MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada could increase because of the […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Merit Foods stakeholder looking to buy company

Burcon 'actively engaged' with company's receiver

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Reading Time: 2 minutes One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Plant protein processor Merit Foods in receivership

Company owes $95 million to EDC, FCC

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Reading Time: 3 minutes The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in […] Read more
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola drifts downward with soybeans

Wheat's recent decline may spur canola acres

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Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean […] Read more
Jim Parks believes the heavier and thicker root system of a LumiGEN-treated corn plant means a more robust crop.
Crops

New seed treatments broaden protection against crop diseases, pests

Corteva launch in Canada adds to the suite of products for corn and canola

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Reading Time: 3 minutes Protecting a crop against weeds, diseases and pests is a challenge any year, but in a year of higher-than-average prices, the value of robust protection takes more importance. As growers continue to look for every competitive advantage to maximize profits, two new seed treatments have entered the market, one for corn and the other for […] Read more
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rising canola market runs into resistance

Resistance seen around $835, support around $820

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but ran into some resistance to the upside as values held rangebound overall. “Technicals, short-covering, fund buying and a lack of selling,” were all providing support during the week along with spillover from advances in Chicago soyoil, according to Jamie Wilton of […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC revises crop estimates

Export, new-crop production outlooks revised lower for flax

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Reading Time: < 1 minute MarketsFarm — Agriculture and Agri-Food Canada (AAFC) on Friday released its February supply and demand estimates with numerous small changes. AAFC held its projections for 2022-23 grains and oilseeds production at 89.489 million tonnes. As for exports, the department reduced them from 45.715 million tonnes last month to now 45.49 million. Furthermore, domestic usage was […] Read more

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