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(Dave Bedard photo)
Crops, Markets

Slight adjustments in AAFC’s April supply/demand report

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Reading Time: 2 minutes MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending […] Read more
Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)
Crops, Markets

Grain, oilseed exports at strong pace

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Reading Time: < 1 minute MarketsFarm — Canadian grain and oilseed exports continue at a strong pace, with movement of canola, wheat and barley all running well ahead of the year-ago pace. Crop-year-to-date exports of Canada’s major grains and oilseeds as of Sunday came in at 37.78 million tonnes, according to Canadian Grain Commission (CGC) data. That’s up by roughly […] Read more
ICE July 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark yellow and green lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: For canola, the only certainty is volatility

"The market has to feel comfortable there’s a crop on the way"

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Reading Time: 2 minutes MarketsFarm — After starting this week with losses, canola bounced back with back-to-back gains, raising prices by more than $20 per tonne for old-crop after falling back $4-$5 on Monday. Errol Anderson, an analyst with ProMarket Communications in Calgary, emphasized there will be a good amount of volatility in the markets, with wide swings possible […] Read more
ICE May 2021 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Canola fundamentals still strong in volatile market

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, with the largest gains in the old-crop months amid ongoing concerns over tight supplies. Day-to-day activity could remain volatile at times, but underlying fundamentals should remain supportive heading into the 2021 growing season, according to an analyst. While canola futures have traded […] Read more
A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Canola, Crops, Markets

Japan increases demand for canola

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Reading Time: 2 minutes MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by […] Read more
ICE May 2021 canola (candlesticks) with Bollinger (20,2) bands, July 2021 canola (green line) and November 2021 canola (black line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: USDA reports could spur record canola acres

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Reading Time: 2 minutes MarketsFarm — After May and July canola contracts took hefty hits over the past the week, they skyrocketed to close out the calendar month following a pair of reports from the U.S. Department of Agriculture (USDA). The department on Wednesday issued its first survey-based prospective planting report for 2021, which called for increased acres for […] Read more
A mayfly on water. (SBTheGreenMan/iStock/Getty Images)
Crops

Health Canada steps back from bans on two neonics

New limits, some cancellations to be put in place

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Reading Time: 5 minutes A federal proposal to protect aquatic insect habitat by cancelling all registered outdoor uses for two popular ag insecticides has been walked back in a major way. Health Canada on Wednesday announced its special review decisions on the risks to aquatic bug life from the use of clothianidin and thiamethoxam, both pesticides and seed treatments […] Read more
ICE May 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola still finding support

U.S. acreage estimates could sway futures

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Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market saw some wide price swings over the week ended Wednesday, dropping by more than $50 per tonne off its contract highs in the nearby May contract before recovering to trade just a few dollars off of those levels once again. Tight canola supplies, strength in world vegetable oil […] Read more
Richardson International’s Yorkton, Sask. canola crush plant. (CNW Group/Richardson International)
Canola, Crops, Markets

Richardson to upsize Yorkton canola crush plant

Company to boost shipping and receiving, double processing capacity

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Reading Time: 2 minutes Agrifood firm Richardson International’s major canola crush plant at Yorkton in eastern Saskatchewan is set to undergo another round of upgrades which are expected to double its processing capacity. The company on Monday announced it will start work immediately on “facility upgrades and improvements” that would allow it to process over 2.2 million tonnes of […] Read more

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