As of June 11, 2024, the net managed money short position in canola futures came in at 99,252 contracts (1,950 long/101,202 short), which was up by roughly 30,000 contracts from the previous week.
Canola
Canola fund short position climbs higher
Where the canola was: a history of Saskatchewan yields by soil climatic zone
Whether by nature, nurture or both, yields jumped in several zones around the turn of this century
Editor’s Note: Les Henry, the esteemed Prairie soil scientist and our longtime soils columnist, left us on June 14 at age 83. Up until the day before his passing, Les was working on and revising this column for the next (July 11) edition of Grainews. We’ll still have this on paper for you in a […] Read more
Seeding in Alberta nearly complete, with strong emergence
Spring planting in Alberta was virtually complete according to the province’s latest crop report. As of June 11, seeding in Alberta was a smidge under 100 per cent complete provincewide and on par with the five-year average. The Peace River Region ranked 100 per cent complete for its major crops, while the south, central, northeast […] Read more
Saskatchewan spring planting virtually complete
At 98 per cent complete, spring planting in Saskatchewan has essentially wrapped up for 2024, although for rain has delayed farmers’ last rounds in the northeast and east-central regions of the province. For the week ended June 10, it was the northeast that received the most precipitation in Saskatchewan. The province’s latest crop report noted […] Read more
ICE weekly: Canola futures volatile amidst selling, rainy weather
Intercontinental Exchange (ICE) canola futures went on a rollercoaster ride during the week ended June 12. The July contract failed to record consecutive gains or losses during the week, with prices ranging from C$615.40 to C$641.80 per tonne. The November contract, which traded as high as C$662.90 earlier in the week, fell to its lowest […] Read more
Canadian Grain Commission announces grain grading changes
The Canadian Grain Commission (CGC) announced several grain grading changes for the 2024-25 crop year to better meet the needs of the domestic grain sector and global buyers. “The Canadian Grain Commission values stakeholder input and is implementing these changes based on feedback from the sector. They will support continued growth and Canada’s reputation as […] Read more
Manitoba seeding nears completion: report
Manitoba farmers made good seeding progress in early June despite wet conditions, with 92 per cent of intended acres in the ground – up nine points from the previous week, according to the latest provincial crop report for the week ended June 11. Spring cereals, peas, and grain corn were approximately 97 per cent complete. […] Read more
Seeding very close to wrapping up in Alberta
Spring planting in Alberta has almost wrapped up for this year, with the agriculture ministry pegging it at 97 per cent complete province-wide as of June 4. Seeding advanced 20 points on the week with the pace at the five-year average. The greatest overall progress was made in northeastern, northwestern and central Alberta. The northeast […] Read more
Fund short position grows in canola
Fund traders were back on the sell side of the canola market in early June, putting on fresh bearish bets and growing their net short position, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC). As of June 4, 2024, the net managed money short position in […] Read more
Zero till: how did it all happen?
Soils & Crops: In Saskatchewan, necessity was the mother of more than one invention
In March 1993 in Grainews there appeared a piece by a certain soils columnist titled “A Quiet Revolution in Crop Production.” It concluded that within the next two decades we’d see a revolution in the way we farmed. It came to pass much as predicted — but what made it happen was work in farm […] Read more
Cyber-Savvy Farmer
