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Canola

(TDTT/iStock/Getty Images)
Canola, Crops

Oil content of Canada’s canola well below average in 2021

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Reading Time: < 1 minute MarketsFarm — The average oil content of Canada’s canola crop came in well below normal in 2021-22, according to the final quality report for the year from the Canadian Grain Commission (CGC). The average oil content came in at only 41.3 per cent for the year, which compares with 44.1 per cent the previous year […] Read more
ICE May 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 contract highs still underpriced

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be trading in uncharted territory, there […] Read more
ICE May 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Analyst sees sharp declines coming for canola

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Reading Time: 2 minutes MarketsFarm — Sharp increases in canola and other commodities are said to be coming to an end, according to analyst Errol Anderson of ProMarket Communications in Calgary. Concerns stemming from Russia’s invasion of Ukraine have sparked huge gains, but there’s very likely a good amount of volatility ahead. “The market is being really driven by […] Read more
(PortMetroVancouver.com)
Crops, Reuters

Canada shuts ports to Russian ships over Ukraine invasion

Russian firms' Canadian holdings also under scrutiny, Freeland warns

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Reading Time: 2 minutes Toronto | Reuters — Canada ratcheted up pressure on Russia for its invasion of Ukraine by shutting ports to Russian-owned ships and saying on Tuesday that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian President […] Read more
ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola finding plenty of support

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Reading Time: < 1 minute MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more
(Dave Bedard photo)
Crops, Markets

Adjustments minor in latest AAFC crop balance sheets

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Reading Time: 2 minutes MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies expected to lead to increased […] Read more
Paragon Ag Service’s site west of Melfort. (Lakecountryco-op.crs)
Crops

Two Saskatchewan co-ops to buy ag input retailer

Paragon Ag Service assets to be divvied up

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Reading Time: 2 minutes A pair of Saskatchewan co-operatives are expanding their reach in the crop input retail sector in that province’s northeast, with a deal to buy an independent dealership chain. Lake Country Co-op and Prairie North Co-op announced Tuesday they have agreements in place to buy the assets of Melfort-based Paragon Ag Service from owners Sherman Boland […] Read more
(Richardson International video screengrab via YouTube)
Canola, Crops

Richardson crush plant staff ward off strike vote

Unionized staff at Lethbridge vote to ratify new contract

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Reading Time: 2 minutes Unionized staff at Richardson International’s canola crush plant at Lethbridge have voted for six years’ labour peace rather than proceeding toward a strike vote. The 140-odd workers, represented by United Food and Commercial Workers (UFCW) Local 401, voted Feb. 1-2 on a new proposal from the company after voting 79 per cent in December to […] Read more
ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rangebound canola market consolidating

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Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said, […] Read more

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