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
ICE weekly outlook: Canola’s wide crush margins supportive
Weekly Canadian canola exports climb higher
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
ICE weekly outlook: Rising canola prices hit a one-day thud
"There's a day where we need to take a pause"
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
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
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
Alberta RCMP spike grain truck to recover canola
Two suspects arrested, charged
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 weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
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
Canadian wheat, canola stocks projections revised higher
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
ICE weekly outlook: Seasonal upturn possible for canola
'Good underlying support' seen in futures
Reading Time: 2 minutes MarketsFarm — ICE Futures canola contracts may soon be due for a seasonal turn higher as harvest pressure subsides and prices should be looking very attractive to end users. However, uncertain outside influences will still dictate the overall direction. “The field certainly gets muddied by issues of geopolitics,” said MarketsFarm analyst Mike Jubinville, pointing to […] Read more
Farmers’ wheat, canola deliveries picking up in West
Commercial canola stocks increase
Reading Time: < 1 minute MarketsFarm — The advancing Prairie harvest has seen an increase in farmer deliveries of grains and oilseeds into the commercial pipeline, according to the latest weekly data from the Canadian Grain Commission. Export activity for canola remains very light through the first six weeks of the 2022-23 crop year, but growing supplies in the commercial […] Read more
ICE weekly outlook: Canola futures continue trending lower
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts saw some choppy activity during the week ended Wednesday, but the general trend remains pointed lower. “Whenever canola rebounds, it doesn’t go as high,” analyst Errol Anderson of Pro Market Communications in Calgary said. Anderson described the chart pattern as a “falling top,” with previous attempts at recovery in […] Read more
A message from April Stewart, Country Guide's Associate Editor
