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A canola field blooms in Manitoba’s Interlake on July 11, 2019. Photo: Greg Berg/File
Crops, Reuters

Canada crop tour sees smaller canola crop after reduced plantings, dry spring

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Reading Time: < 1 minute Winnipeg | Reuters – Canadian farmers are likely to reap a smaller canola crop in 2019-20 due to reduced plantings and dry conditions, consultancy FarmLink Marketing Solutions said on Thursday after a crop tour of the prairie provinces. The Grain World tour on Tuesday and Wednesday, organized by FarmLink, visited fields in Alberta, Saskatchewan and Manitoba to observe […] Read more
Prices for wheat, corn and soybean could fall for the next 10 to 14 days. Photo: Getty Images
Canola, Markets, Soybeans

ICE weekly outlook: Keep an eye on soybeans, loonie

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Reading Time: < 1 minute MarketsFarm – For canola prices, the key influences will be soybeans as well as the Canadian dollar, according to Errol Anderson of ProMarket Communications in Calgary, Alta. Anderson said soybeans on the Chicago Board of Trade (CBOT) were higher, due to trade negotiations between United States and China resuming on July 29. That could push […] Read more
Canola is flowering in most areas of Manitoba. Photo: Greg Berg
Crops, Weather

Manitoba crops progressing quickly in hot and humid weather

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Reading Time: < 1 minute MarketsFarm – Dry areas of Manitoba received much needed rain during the week ended July 22, with the majority of the province’s agricultural land now reporting optimal soil moisture conditions, according to the latest weekly report from Manitoba Agriculture. Warm and humid conditions helped with crop development in most areas of the province during the […] Read more
Burcon’s technical centre in the Fort Garry district of Winnipeg. (Glen Hallick photo)
Canola, Crops, Peas

Pea, canola protein processing plant planned for outside Winnipeg

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Reading Time: 2 minutes MarketsFarm — Somewhere outside Winnipeg, a new pea and canola processing plant is scheduled to be in production by August 2020. The $65 million facility is expected to process up to 20,000 tonnes of yellow field peas annually and will be the world’s only commercial-scale food-grade canola protein production facility. No figure for the plant’s […] Read more
(Elenaphotos/iStock/Getty Images)
Crops

Federal report expects canola output down, wheat up

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Reading Time: < 1 minute MarketsFarm — Expectations for canola production in Canada were revised downward Friday by Agriculture and Agri-Food Canada (AAFC). AAFC has now estimated Canadian farmers will produce 18.575 million tonnes of canola in 2019, down about 8.7 per cent from its previous estimate. Earlier this week, MarketsFarm analyst Bruce Burnett predicted canola production would be down […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Funds remain short canola and soybeans

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Reading Time: < 1 minute MarketsFarm — Fund traders continue to hold onto a large net short position in the canola market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in Tuesday at 57,512,an increase of roughly 5,000 contracts from the previous week. Open […] Read more
ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Not much faith in USDA’s WASDE

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Reading Time: 2 minutes MarketsFarm — For one trader, the monthly world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA), aren’t something he spends a lot of time dealing with. “I don’t put a lot of faith in them,” said David Derwin of PI Financial in Winnipeg. This month’s WASDE could be something toward […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Fund short position grows in canola

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Reading Time: < 1 minute MarketsFarm — Speculators were actively adding to their short positions in the ICE Futures canola market during the holiday week ended July 2, according to Monday’s commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position came in July 2 at 65,022, an increase of nearly […] Read more

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