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Canola

ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola remains rangebound

Trade predicts even smaller production

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MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more
Triple Green Products has created a grain drying heat source designed to use a variety of biomass products.
Equipment, Machinery

Manitoba company offers biomass grain drying system

The BioDryAir system supplies heat for grain drying from a variety of biomass products

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As the federal government moves closer to implementing a carbon tax, the impact of that on farmers’ fuel costs are bound to be significant. And the effect of that most talked about lately has been on the cost of gas for drying grain. One Manitoba company thinks it can offer producers a better, cheaper method […] Read more
A soybean crop at Headingley, Man. on Sept. 2, 2021. StatsCan’s latest estimates project drought-hit Manitoba’s soybean production to drop by 22.2 per cent from 2021, while Canada’s soybean harvest overall is expected down 7.4 per cent on the year. (Dave Bedard photo)
Crops, Weather

Prairie crops downgraded in latest StatsCan estimates

Corn, soybean crops upsized from previous report

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MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

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MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
Phosphate being applied with anhydrous ammonia in a dual placement banding on a Manitoba farm last fall. Manitoba Agriculture soil fertility extension specialist John Heard maintains this is an effective application method because it places phosphorus within the soil away from potential runoff losses and the acidifying nature of anhydrous ammonia tends to increase the availability of the phosphorus to next year’s crop.
Crops, Features, Weather

Your fall fertility primer

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Get a head start on next year’s crops with these fertility guidelines, options and pro tips

Many Prairie farmers choose to apply fertilizers to their fields in the fall to save time in the spring — a strategy Farmers Edge agronomist Thom Weir believes makes good sense for a couple of reasons. “There’s lots of data that shows seeding early has a significant benefit to yield,” he says, adding that for […] Read more
'I remain staunchly devoted to the idea that agriculture policy in Canada could be a lot stronger.'
Columns

Toban Dyck: Some good news would be nice

I’m thankful for distractions

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It’s very difficult to unpack a growing season such as this one. In spring, there was again a question mark surrounding farmer access to inputs. Fertilizer was rumoured to be hard to get. Seed as well. These whispers filter through coffee shops, into newspapers and are sensationalized to an audience of consumers and farmers, who […] Read more
File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)
Canola, Crops, Weather

Nexera canola seed to come with heat blast insurance

Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29

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Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and CBOT October 2021 soyoil (blue line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola futures slide, cash prices might not follow

Weakness seen ongoing in soy complex

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MarketsFarm — If the October soyoil contract on the Chicago Board of Trade (CBOT) falls to 55 U.S. cents/lb., it’s likely ICE Futures canola will drop to around $850 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. ICE November canola closed Wednesday at $890.80 per tonne, giving up $10.80 since the […] Read more

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