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Canola

(Greg Berg photo)
Crops, Markets, Weather

StatsCan predicts more Canadian wheat acres, less canola in 2022

Lentil, corn, soy acres are also expected up from 2021, barley down

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Reading Time: 2 minutes MarketsFarm — Canada’s farmers intend to seed more acres to wheat and less to canola in 2022, according to the first survey-based estimates from Statistics Canada for the upcoming crop year released Tuesday. Canola area is forecast at 20.9 million acres by the government agency, which would be down by seven per cent from the […] Read more
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Canola, Crops, Markets, Soybeans

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

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Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more
(Dave Bedard photo)
Crops, Markets

Drought fears, fertilizer may affect Canadian acreage estimates

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Reading Time: 2 minutes MarketsFarm — Traders and analysts awaiting Statistics Canada’s first survey-based acreage report for the 2022-23 crop year on Tuesday believe competition amongst crops — as well as their dependence on fertilizer, and the possibility of another drought this summer — will be determining factors. Canola stands as the best representation of traders’ concerns. Despite reaching […] Read more
File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)
Crops, Markets, Reuters

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

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Reading Time: 3 minutes Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more
Flea beetles prefer environments that are exposed to bright sunlight and are relatively warm, so seeding into standing stubble may help slow their movement in the field.
Crops

Hopper and beetle watch

Will last year’s outbreak repeat in 2022? Weather will be a factor, but one way or another, scouting is vital

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Reading Time: 5 minutes Last year’s heat and drought didn’t do much for crops, but it certainly seemed to agree with grasshoppers and flea beetles. Does last season’s invasion mean there will be another for 2021? Jennifer Otani, a pest management scientist with Agriculture and Agri-Food Canada in the Peace River region, says there were reports of high numbers […] Read more
Emerging winter wheat plants. (File photo by Laura Rance)
Crops, Weather

Not warm enough yet for accurate read on Ontario winter crops

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Reading Time: < 1 minute MarketsFarm –– The crop report on Wednesday from Ontario’s ministry of agriculture, food and rural affairs (OMAFRA) notes a lack of temperatures warm enough to accurately assess winter crops and/or to begin spring planting. OMAFRA determined winter wheat that was seeded on time looks healthier than what was planted later in the fall. Also, water […] Read more
ICE July 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines) and November 2022 canola (purple line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Trend remains pointed higher for canola

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market climbed to fresh contract highs once again during the week ended Wednesday, although profit-taking at those highs did slow the advances. While additional corrections are possible, both the underlying fundamentals and technical remain supportive. “This is the bull market of all time in canola,” said analyst Mike Jubinville […] Read more
A farm worker unloads Ukrainian-made fertilizer from a truck on April 5, 2022 to use on a wheat field near the village of Yakovlivka, outside Kharkiv, after it was hit by an aerial bombardment. (Photo: Reuters/Thomas Peter)
Crops

Farming behind the lines: Ukraine’s farmers sow amidst wreckage

Despite their best efforts, however, famine looms as war rages

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Reading Time: 5 minutes In early April, Ukrainian soldiers expelled the Russian invaders from the northern regions of Ukraine: Kyiv, Chernihiv and Sumy regions. The wounded enemy left, leaving behind burned-out war machines and the unburied corpses of his soldiers. However, the invaders managed to do a lot of damage. Many of you are probably aware of the atrocities […] Read more
ICE Futures July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and November 2022 canola (black line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola seen as teetering, likely to tumble

'A lot of emotion and tension' in market

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more

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