Reading Time: 2 minutes MarketsFarm — Canada’s farmers will have grown their second-largest wheat crop on record in 2020, according to the first production estimates of the year from Statistics Canada, as released Monday. The government agency pegged total wheat production in the country for 2020-21 at 35.74 million tonnes, up 10.5 per cent on the year and second […] Read more
Wheat crop to be second-largest on record, StatsCan predicts
Canola estimate at lower end of trade predictions
ICE weekly outlook: How long can canola rally last?
Reading Time: 2 minutes MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more
Canola crush down, soy crush up, StatsCan reports
Reading Time: < 1 minute MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July, […] Read more
ICE weekly outlook: Canola steady at midweek
Reading Time: < 1 minute MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to […] Read more
Plant-protein processor’s new processing plant gets grant
Feds, province put up cash for new equipment
Reading Time: 2 minutes The federal and Manitoba governments have added a seven-figure contribution to their support for a new facility to process plant proteins from canola and peas. Merit Functional Foods will put the additional money toward “new equipment purchases that will support the transformation of raw inputs into value-added goods.” The unspecified new technology is expected to […] Read more
U.S. investor to buy Prairie canola ‘streaming’ firm
All-cash deal offers $97.5 million for Input Capital
Reading Time: 3 minutes A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself […] Read more
ICE weekly outlook: Canola facing resistance ahead of harvest
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, signalling that the top may be in for the time being as the harvest gets started. “There’s clearly been a shift in canola,” Ken Ball of PI Financial in Winnipeg said of the move away from the early August […] Read more
Old combines hold their own at harvest
A PAMI survey finds canola losses can be minimized by operators who understand their machines and how to set them
Reading Time: 6 minutes When the Dowling farm at MacDowall, Sask., runs any of its three New Holland combines of various vintages, canola losses out the back are basically the same. The three models are a TR96 from 1991, a TR99 from 2000 and a CR970 from 2004. “I was impressed with how consistent they were,” says Sheldon Dowling. […] Read more
Canadian canola prices spike as shippers find back door to China
'Profits are extravagant... It is like gold oil now'
Reading Time: 2 minutes Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
Managed money’s net long position grows in canola
Reading Time: < 1 minute MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more
A message from April Stewart, Country Guide's Associate Editor
