Reading Time: < 1 minute MarketsFarm — Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous single […] Read more
Canada’s canola crush posts new monthly record
Speculators covering canola shorts in latest trading report
Reading Time: < 1 minute MarketsFarm — Commodity fund traders bought back some of their previously sold contracts in canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 50,987 contracts, a decrease […] Read more
Taking a long-term look at agronomy for canola
Researchers say canola’s environmental footprint has improved but a new agronomic struggle is on the horizon
Reading Time: 4 minutes Canola-based rotation systems can improve long-term sustainability by using less energy and storing carbon below the ground, but keeping them going on top is proving to be a challenge. A study by Saskatchewan Research Council’s Susan MacWilliam, along with Agriculture and Agri-Food Canada research scientist Reynald Lemke and others, compared the impact of changing management […] Read more
ICE weekly outlook: Palm oil shortage leads to canola rally
Reading Time: < 1 minute MarketsFarm — As Malaysian palm oil continues to increase in price due a shortage, it has led to a rally in canola on ICE Futures, said Wayne Palmer of Exceed Grain in Winnipeg. The shortage stems from dry conditions in Indonesia and Malaysia, the world’s top two palm oil producers. While the dryness has been […] Read more
Growing canola in Canada’s east
Can canola be a southern Ontario crop too? The answer seems stuck at ‘Yes, but ...’
Reading Time: 5 minutes When talk to turns to “alternative crops,” there are several familiar options that come up in the conversation: oats, barley, dry (edible) beans, flax or rye are frequent mentions. But canola is often dismissed except in Ontario’s Near North region or at the very least, the northern tier of southern Ontario — northern Wellington, Dufferin […] Read more
Millions of acres of canola freeze, compound ‘harvest from hell’
Reading Time: 2 minutes Winnipeg | Reuters — Heavy snow and rain during harvest on the Canadian Prairies have left several million acres of canola buried until spring, the latest blow in a miserable year that may compound farmer problems into 2020. Canola is renowned as Canada’s most profitable crop, exported to China, Japan and Mexico to make vegetable […] Read more
Fund traders hold steady in canola
Reading Time: < 1 minute MarketsFarm — Commodity fund traders are maintaining a steady short position in ICE Futures canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 53,576 contracts on Tuesday, steady with the previous week. Open […] Read more
ICE weekly outlook: Steady canola market stuck in rut
Reading Time: < 1 minute MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices […] Read more
Five ways to help keep blackleg out of your fields
Three out of four fields in Western Canada are showing blackleg,” said Justine Cornelson, agronomy specialist with the Canola Council of Canada. For the last 10 years or so, the incidence of blackleg has been low on the Prairies, but lately, she said, “we’re starting to see a slight trend upwards.” Cornelson was speaking at[...]
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Fund traders increase canola short position
Reading Time: < 1 minute MarketsFarm – Commodity fund traders added to their net short positions in canola and corn over the past week, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). Managed money traders were also on the sell side in soybeans, reducing their net long position in[...]
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A message from April Stewart, Country Guide's Associate Editor
