Reading Time: < 1 minute MarketsFarm — As often has been the case, the canola crush in Canada dipped from July to August, according to Statistics Canada. The federal agency issued its monthly crush numbers on Thursday with 829,778 tonnes of canola crushed in August, down 2.89 per cent from July’s crush. However, August’s crush was the second most so […] Read more
Canada’s canola crush down slightly in August
Snow to stall harvests for western Prairies, Montana
Reading Time: < 1 minute Chicago | Reuters — A weekend storm is poised to bring more than a foot (30.5 cm) of snow to parts of Montana and the Canadian Prairies, putting portions of the region’s spring wheat and canola crops at risk, a meteorologist said. Excessively wet conditions in the region this month have already slowed fieldwork and […] Read more
ICE weekly outlook: Canola values stay rangebound
Reading Time: < 1 minute MarketsFarm — Canola prices have been characterized as “firm one day and softer the next,” this week, remaining largely rangebound in light trading activity. “It’s hard to tell why, but canola oscillates between stronger than soybeans and then weaker,” said Ken Ball of P.I. Financial in Winnipeg. “It’s just spreaders playing back and forth with […] Read more
Ontario farmers grow corn acres, and a successful livelihood
Amos family in Ontario’s extreme northwest a good example of the pioneering spirit
Reading Time: 6 minutes In 1990, nearly 30 years ago, Amos Brielmann moved his family from Germany to the Rainy River District between Fort Frances and the Manitoba border. They settled on a farm near Pinewood, first working on a beef cattle operation just north of the village. Slowly, they began buying the farm and maintaining the herd and […] Read more
AAFC raises 2019-20 canola, wheat ending stocks
Reading Time: < 1 minute MarketsFarm — Canadian ending stocks of canola and wheat will be larger than earlier thought, according to updated supply/demand tables Agriculture and Agri-Food Canada released late Friday. AAFC raised its canola ending stocks estimate for 2019-20 to a record 4.5 million tonnes, up from the August estimate of 3.775 million and the upwardly-revised 2018-19 level […] Read more
Fund short position down in canola, beans
Reading Time: < 1 minute MarketsFarm — Fund traders covered some of their large net short positions in canola and soybeans during the week ended Tuesday, while adding to their bearish bets on corn, 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 […] Read more
Canola deliveries slow as Prairies’ harvest drags
Reading Time: < 1 minute MarketsFarm — The slow pace of the canola harvest across Western Canada is limiting farmer deliveries into the commercial elevator system, with a large backlog yet to come. Farmers delivered 187,100 tonnes of canola into the commercial pipeline during the week ended Sunday (Sept. 15), according to the latest Canadian Grain Commission data. That marked […] Read more
ICE weekly outlook: Uncertainty, lack of farmer selling lift canola bids
Reading Time: < 1 minute MarketsFarm — Over the last week or so canola prices have been largely supported by two factors, according to Errol Anderson of Pro Market Communications in Calgary. “To some degree it’s still crop uncertainty and growers aren’t selling.” Cash bids have varied widely, he said, while spot premiums have shot up a bit. “That indicates […] Read more
Canada’s fuel prices to rise after attack in Saudi Arabia
Reading Time: < 1 minute MarketsFarm — Following an attack on two major oil facilities in Saudi Arabia, consumers can expect a small rise in fuel prices in the days to come. The attacks on Saturday hindered the production of about 5.7 million barrels of oil per day. On Monday morning, crude oil prices were up by about 10 per […] Read more
Funds’ canola short position up, for now
Reading Time: < 1 minute MarketsFarm — Fund traders added to their large net short position in canola during the week ended Tuesday (Sept. 10), 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 canola came in Tuesday at 73,025, an increase of about 7,000 […] Read more
A message from April Stewart, Country Guide's Associate Editor
