Reading Time: < 1 minute MarketsFarm — The managed money net long position in canola has edged down over the past few months, hitting its lowest level since August 2020 in the latest Commitment of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday, managed money fund traders were holding a net long position in ICE […] Read more
Net long position in canola edging down
Net long increases in Chicago, K.C. wheat
Forecast, flea beetles complicate canola timing
Dry conditions make ideal seeding time difficult to peg
Reading Time: 3 minutes Drought conditions, and the odds of more to come, have some Prairie canola growers pondering when to roll the dice on seeding, if they want to do more than feed the flea beetles. Small-seeded crops, such as canola, have garnered particular concern from agronomists and producers worried about germination, given power dry topsoil across much […] Read more
ICE weekly outlook: Rain needed to bolster canola crop
Reading Time: < 1 minute MarketsFarm | Rain — specifically, the lack thereof — is quickly becoming the key issue for canola values, according to Ken Ball of PI Financial in Winnipeg. Until now, dry conditions across much of the Prairies have not been much a factor in canola prices, he said. “We’ve got to get some rain in a […] Read more
Canada left with very tight canola, barley stocks
'You can't find canola anywhere in the country'
Reading Time: 2 minutes MarketsFarm — Statistics Canada’s grain stocks report leaves no question that canola stocks have been tight for some time in Canada and will continue to be unless demand is slashed, according to independent trader Jerry Klassen in Winnipeg. “You can’t find canola anywhere in the country and the stocks that are out there, a lot […] Read more
ICE weekly outlook: Canola’s uptrend intact for now
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper gains in the new-crop months, […] Read more
Swift removal of infected plants key for clubroot control
You can kill the plant, but the pathogens remain to continue infecting the soil
Reading Time: 4 minutes A new study shows that even after a plant infected with clubroot has been killed with a herbicide and frozen to ensure all plant cells are dead, the pathogen survives and continues to mature. The study led by Mary Ruth McDonald, a professor of plant agriculture at the University of Guelph, and Agriculture Canada scientist […] Read more
ICE weekly outlook: Challenging crop year ahead for canola
Reading Time: < 1 minute MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for PI Financial in Winnipeg. “That […] Read more
StatsCan’s projected canola area on low side of expectations
Wheat acres expected lower, barley up
Reading Time: 2 minutes MarketsFarm — As the market grapples with new planting projections from Statistics Canada, one thing was abundantly clear to MarketsFarm Pro analyst Mike Jubinville: this canola forecast isn’t enough to rectify tight ending stocks. In StatsCan’s survey-based principal field crop areas report, released Tuesday, the federal agency pegged canola acres for 2021-22 at 21.53 million, […] Read more
Viterra plans major canola crusher for Regina
Expected capacity would make facility largest in world
Reading Time: 3 minutes Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola crush facility” in the northeast […] Read more
More canola, less wheat expected ahead of StatsCan report
'Returns per acre are just so much stronger'
Reading Time: 2 minutes MarketsFarm — Canadian farmers are seen as likely to plant more canola and barley and less wheat this spring, as market participants await the first survey-based estimates from Statistics Canada on Tuesday to confirm the extent of that shift. “Canola will gain acres and wheat will lose acres,” said MarketsFarm Pro analyst Mike Jubinville, pointing […] Read more
A message from April Stewart, Country Guide's Associate Editor
