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Canola

Researchers placed swede midge on 12 different crop and weed brassica species in a “bug dorm” to test where they’d most prefer to lay eggs. Results ranged from nearly 500 eggs for canola and mustard to zero for flixweed.
Canola, Crops

Getting the jump on swede midge

The canola pest hasn’t become established in Western Canada, but researchers want to be prepared if it does

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Reading Time: 3 minutes Prairie canola growers had a bit of a fright in 2007 and 2008. Swede midge, a pest causing serious damage and yield loss to canola crops in Ontario, had been found in some areas of Manitoba and Saskatchewan and farmers were rightly alarmed. It turns out that it was just a wake-up call, but one […] Read more
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Soybeans

October crush numbers up, canola record set

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Reading Time: < 1 minute MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more
ICE January 2021 canola with 20-day moving average (yellow line) and CBOT January 2021 soymeal (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Bull market in canola’s grasp

That said, watch for cracks in demand side of equation

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Reading Time: 2 minutes MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Profit-taking cuts into fund net longs in canola, soy

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Reading Time: < 1 minute MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola […] Read more
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola stronger at midweek

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more
(Alfio Manciagli/iStock/Getty Images)
Canola, Crops, Markets

Input Capital takeover falls through

Input says U.S. buyer to walk away, pay termination fee

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Reading Time: 2 minutes The Regina company that brought “streaming” to the Prairie canola marketing business is considering its other options now that a friendly cash bid from a U.S. suitor has been taken off the table. Input Capital said Thursday that Washington, D.C.-based investment firm Bridgeway National, which in August proposed to buy Input for about $96.15 million, […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Funds’ long position up in canola ahead of selloff

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Reading Time: < 1 minute MarketsFarm — Fund traders continued to add to their large long positions in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders, as of Tuesday, were holding a net long position in ICE Futures canola of 61,936 […] Read more
(Bhofack2/iStock/Getty Images)
Canola, Crops, Soybeans

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

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Reading Time: 2 minutes The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

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