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Canola

ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Less canola to be exported

Crop expectations from Canada, Australia are factors

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Reading Time: 2 minutes MarketsFarm — Any hopes of Canada exporting 9.3 million tonnes of canola during 2022-23 have now been dashed for two reasons. One reason is the latest Statistics Canada production report that cut canola production for the current marketing year. The other is the bumper canola crop Australia is now expected to have this year. StatCan’s […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Speculative short position grows in canola

Managed money still net long in soybeans

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Reading Time: < 1 minute MarketsFarm — Speculators in the ICE Futures canola were busy liquidating long positions and adding to the short side of the market during the last week of November. That’s caused the net short position to grow to its largest level in two months, according to the latest Commitments of Traders (CoT) report compiled by the […] Read more
With the dramatic rise in crush capacity slated for the Prairies, the onus will be on farmers to ensure there is adequate supply to keep up with rising demand for canola seed.
Canola, Crops

Priority No. 1 for canola growers: ‘produce more’

To take advantage of the biofuel boom and all of its benefits, farmers must increase canola productivity on each acre. Which agronomic tools can you lean into for the heavy lifting?

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Reading Time: 10 minutes Glacier FarmMedia – The biofuel market in North America is rapidly expanding, thanks in part to government regulations promoting clean fuels to drive down greenhouse gas emissions. This, in turn, is driving up demand for biofuel feedstocks like canola oil, which is why Chris Vervaet says grain companies are spending some $2 billion over the […] Read more
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Canola, Crops, Reuters

U.S. judge dismisses indictment against Huawei executive

Related charges remain against company

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Reading Time: 2 minutes New York | Reuters — A U.S. judge on Friday dismissed an indictment against Meng Wanzhou, the chief financial officer of Huawei Technologies, formally ending a criminal sanctions case that strained U.S.-China and Canada-China relations. Meng, whose father Ren Zhengfei founded Huawei and is the telecommunications company’s chief executive, entered an agreement with U.S. prosecutors […] Read more
Huawei chief financial officer Meng Wanzhou leaves B.C. Supreme Court on a lunch break during her extradition hearing in Vancouver on Jan. 22, 2020. (Photo: Reuters/Jennifer Gauthier)
Canola, Crops, Reuters

Huawei executive’s U.S. bank fraud charges to be dismissed

Charges remain against company itself

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Reading Time: 2 minutes Reuters — U.S. prosecutors on Thursday asked a judge to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of China’s Huawei Technologies, whose 2018 arrest strained relations between the U.S. and China. Meng struck a deal with the prosecutors last year for the charges against her to be dismissed on […] Read more
yellow canola flowers
Canola, Crops

Canola crush plants seeing big-time profits

High crush margins mean demand should stay strong, but premiums for growers are scarce

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Reading Time: 3 minutes Glacier FarmMedia – Canola crush profits are high, but that’s no reason for growers to break out the champagne, say Alberta producers. Crush plants are riding a wave of demand and processed about 794,000 tonnes of seed in September, the most in a year. And with crush margins well above $200 per tonne for futures contracts (more […] Read more
ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

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Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund position back to net short in canola

MGEX wheat also shifts to net short: CFTC

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Reading Time: < 1 minute MarketsFarm — Heavy long-liquidation in ICE Futures canola saw the managed money speculative position flip back to a net short after a brief flirtation with a net long, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The weekly report was delayed one day due to last […] Read more
ICE January 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s sideways market nears low end of range

January down last six sessions

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts slid lower during the week ended Wednesday but remain stuck in a sideways trading range overall. The January contract has held within a range from $800 to $900 per tonne for the past five months, with the market still well within that range despite losing over $50 per tonne […] Read more
Infected plants are often taller than healthy ones and stay green when the rest of the field is senescing. Flowers turn green and seeds sprout inside pods.
Canola, Crops

Heading off aster yellows in field crops

A new rapid test may help diagnose the disease in time to take action with fungicide

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Reading Time: 4 minutes [UPDATED: Nov. 28, 2022] Aster yellows is a sneaky disease, arriving in canola via aster leafhoppers infected with the parasitic organism aster yellows phytoplasma (AYP). The leafhoppers spread the disease to plants as they feed, but the symptoms don’t show up until the crop is too far gone to treat. In bad years — which […] Read more

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