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Canola

Canola plants in flower in a field north of Lorette, Man. on July 20, 2022. (Dave Bedard photo)
Canola, Crops

Prairie-wide canola variety trial program ending

'Current format' of CPT concludes: commissions

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Reading Time: < 1 minute The sun is about to set on the current Prairie-wide canola variety evaluation program run by the three Prairie provinces’ canola grower commissions. SaskCanola, the Alberta Canola Producers Commission and the Manitoba Canola Growers Association announced Monday that 2022 is the final year of the Canola Performance Trials (CPT) “in its current format.” “Going forward, […] Read more
ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s wide crush margins supportive

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
Photo: iStock
Canola, Markets

Weekly Canadian canola exports climb higher

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Reading Time: < 1 minute MarketsFarm – An influx of freshly harvested supplies saw weekly Canadian canola exports hit their highest level in nearly two years at the end of September 2022, according to the latest Canadian Grain Commission report. The 300,500 tonnes of canola exported during the week ended Oct. 2 marked the first time exports topped 300,000 tonnes […] Read more
Photo: Thinkstock
Crops

Alberta harvest on the verge of completion

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Reading Time: < 1 minute MarketsFarm – Combining in Alberta is almost finished with the latest crop report indicating it’s at 96.3 per cent complete. The province’s Agriculture, Forestry and Rural Economic Development (AFRED) department noted that as of Oct. 4, the harvesting of all crops advanced nine points from the previous week due to dry weather. Of the 11 […] Read more
File photo of a Conagra production facility at Oakdale, Calif., about 150 km east of San Francisco, on Dec, 18, 2015. (Photo: Reuters/Fred Greaves)
General, Markets, Reuters

Conagra tops profit, sales estimates even as consumers turn thrifty

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Reading Time: 2 minutes Reuters — Conagra Brands beat quarterly sales and profit estimates on Thursday, boosted by higher prices for its Marie Callender’s and Slim Jim brands even as consumer demand wanes under the weight of decades-high inflation. Global food companies have been increasing prices over the past year to shield profit margins, which have been squeezed by […] Read more
ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, purple and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rising canola prices hit a one-day thud

"There's a day where we need to take a pause"

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Reading Time: 2 minutes MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more
“When you see prices go up, sell another chunk, because the price won’t stay up. If you can make money at a certain price, consider selling to free up storage.” — Neil Townsend, FarmLink Marketing Solutions.
Guide Business, Marketing, Markets

A grain marketing strategy for 2022-23

Know your costs, pay attention to basis and be careful about leaving grain in the bin too long

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Reading Time: 6 minutes After a year with some of the most volatile markets in history, crop growers will need a careful marketing strategy to turn a profit in 2022-23. “The last two years have made for complacent marketing,” says Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. “Holding on to commodities and waiting for the price […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops

Alberta RCMP spike grain truck to recover canola

Two suspects arrested, charged

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Reading Time: 2 minutes RCMP in central Alberta say they’ve recovered a “significant amount” of canola and arrested and charged two people after a grain truck suspected in an alleged canola theft was halted by a spike belt. In a release Tuesday, RCMP at Bashaw — about 80 km northeast of Red Deer, in Camrose County — said they […] Read more
ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

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Reading Time: 2 minutes MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canadian wheat, canola stocks projections revised higher

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Reading Time: 2 minutes MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more

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