Reading Time: 2 minutes MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more
ICE weekly outlook: Canola books steep rise in prices
StatsCan predicts more Canadian wheat acres, less canola in 2022
Lentil, corn, soy acres are also expected up from 2021, barley down
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’s oilseed yields expected to decline in 2022-23
USDA's attaches predict uptick in EU's oilseed acres
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
Drought fears, fertilizer may affect Canadian acreage estimates
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
ICE weekly outlook: Trend remains pointed higher for canola
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
ICE weekly outlook: Canola seen as teetering, likely to tumble
'A lot of emotion and tension' in market
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
ICE weekly outlook: Overvalued canola market due for correction
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed to fresh contract highs during the first week of April, but ran into profit-taking resistance and could be due for more losses as the market looks overpriced. “We’re starting to see canola give back some of the extra premium it’s been putting on,” said Ken Ball of PI […] Read more
USDA reports offer new oilseed insights from India, Japan
Reading Time: 2 minutes MarketsFarm — The Foreign Agricultural Service of the U.S. Department of Agriculture (USDA) released its weekly Global Agricultural Information Network (GAIN) reports on Wednesday, including new information regarding oilseeds in India and Japan. Oilseed production in India is projected to increase by one per cent at 42.1 million tonnes in 2022-23, according to FAS New […] Read more
260,000 canola seeds per acre, placed precisely
With the precision placement of a planter, Edmund Rath achieves 88 to 93 per cent canola seed emergence, a big improvement from the typical 50 to 60 per cent with his air seeder
Reading Time: 5 minutes When asked for his canola seeding rate, Edmund Rath answers “260,000 seeds per acre.” This is not the usual answer. Five pounds per acre, give or take a pound, is the common response. “After May 15, I cut that down to 240,000,” he adds. Here’s a quick translation: With 43,560 square feet in an acre, […] Read more
Australian canola production heading downward, but still sizeable
New second-biggest harvest expected, USDA predicts
Reading Time: 2 minutes MarketsFarm — Despite canola production in Australia being set to drop 26 per cent in 2022-23, the country’s farmers are still projected to harvest the second largest crop, according to the U.S. Department of Agriculture’s attaché in Canberra. In the attaché’s report, released Monday, canola production for the coming crop year was projected to be […] Read more
A message from April Stewart, Country Guide's Associate Editor
