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Canola

Photo: Greg Berg
Crops, Markets

ICE weekly outlook: No reason for strong rally in canola 

Canola likely to pull back once trading gets back into full swing in New Year

By
There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.
Leverage new technologies for canola seed selection
Canola, Wheat & Chaff

Leverage new technologies for canola seed selection

Q & A with an expert

By
Q: What do I need to consider before I try a new canola variety? A: With this year’s harvest in the bin, it’s time to look ahead to 2024. With every growing season, new technologies and opportunities emerge, so what should be taken into consideration before making the leap and trying something new?  Harvest weather […] Read more
Photo: Canstock
Crops, Markets

Speculative net short position in canola hits new record

CBOT long liquidation saw the net long position in soybeans dip

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The net short position in canola futures climbed to a new record large level in mid-December, as speculators added to their bearish bets for the second week in a row, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Photo: iStock
Crops, General, Markets

AAFC raises canola, wheat ending stocks forecasts

Pea, barley carryout estimates raised, lentils cut in half

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Glacier FarmMedia – Canadian canola and wheat carryout for the 2023/24 marketing year will likely end up above earlier projections, according to the latest Outlook for Principal Field Crops from Agriculture and Agri-Food Canada (AAFC) released Dec. 15.
These barley plants show signs of the damage potassium deficiency can cause.
Crops, Features

Are your fields potassium deficient?

Cases of potassium-deficient soils are on the rise. It could mean a hit to your bottom line

By
Most farmers know the importance of nutrients such as nitrogen and phosphorus in the soil and the vital role their presence plays in crop development. But what about potassium? Potassium (K) is critically important in helping provide water balance within a plant. The only way a plant can move sugar and nutrients is by moving […] Read more
Photo: Thinkstock
Markets

China accounting for bulk of Canadian canola exports so far

Chinese wheat imports roughly half of last years' at same time

By , ,
China has done most of the heavy lifting when it comes to Canadian canola exports through the first three months of the 2023/24 marketing year (Aug/Jul), according to the latest international trade data released Dec. 6. Statistics Canada reported canola exports through October at 1.566 million tonnes, with China accounting for 64 per cent of the total (1.006 million tonnes). Japan and Mexico followed at 273,300 tonnes and 196,900 tonnes respectively.
ICE March 2024 canola as of Dec. 8, 2023, with 20-, 50- and 100-day moving averages. (Barchart)
Markets

ICE weekly outlook: Canola likely to keep sliding back 

With larger crop, trade likely to be overwhelmed by deliveries, analyst says

By
There is a rather significant bearish outlook for canola for the rest of December, according to Jerry Klassen of Resilient Commodity Analysis. He said a large part of this was generated by the Statistics Canada production report released on Dec. 4. 

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