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Canola

(Richardson International video screengrab via YouTube)
Canola, Crops, Markets, Soybeans

July canola crush sets new records

Soybean crush down slightly from last July

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MarketsFarm — Statistics Canada reported very sizeable increases in the July canola crush when compared to a year ago. In fact, the month’s crush was not only a record for July but also for any month. Meanwhile, StatCan found the July soybean crush was slightly lower than in July 2022. The federal agency pegged the […] Read more
“Pods can look dramatically different, either riper or less ripe, than the actual seeds, so we need to be cracking open those pods and looking at the seeds.” Photo: Greg Berg
Canola, Crops, Markets

ICE weekly outlook: Canola following soyoil’s lead

Stat Can's principal field crop estimates will be released on Aug. 29, may affect prices

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MarketsFarm – The November canola contract rose above the C$800 per tonne mark for the first time in nearly a month during the week ended Aug. 23. However, it wasn’t without some turbulence over the last two days of trading. On Aug. 22, the November contract lost C$13.40 per tonne to close at $796.00, before […] Read more
“There’s even a question of would harvest equipment be available for 2023. There will be some equipment available, but will it be what you want and [what] fits your needs?” – Bill Campbell, Keystone Agricultural Producers. Photo: iStock/Getty Images
Crops, Livestock, Weather

Manitoba crop report: dry week helps advance harvest

Cattle producers move herds to hay fields to graze regrowth

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MarketsFarm – Dry conditions across crop-growing areas in Manitoba helped the province’s annual harvest get off to a good start during the week ended Aug. 20. Much of the eastern, southern and central regions received two millimetres of precipitation at most during the week with several locations receiving no rainfall at all. The northwest region […] Read more
“On some of our hay land, they ate the alfalfa down to where it’s gone completely.” Shawn Kramer.
News

Prairie pest offers ‘a tough battle’

Strychnine may no longer be an option for swelling ground squirrel populations, but other effective tactics are available

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Richardson’s ground squirrels, which are sometimes referred to as gophers, can cause major problems for farmers and ranchers. In high enough numbers, they can decimate crops and forages and pockmark pasture land, making it hazardous for livestock. Persistent drought conditions have contributed to high ground squirrel populations in some parts of the Prairies in recent […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund long position holds steady in canola

Net long in CBOT soybeans down on week

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MarketsFarm — The managed money long position in canola held relatively steady during the week ended Aug. 8, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 8, the net managed money long position in canola futures came in at 23,753 contracts (49,339 long, 25,856 […] Read more
An in-bin drying monitoring system
Crops, Features

New approach to in-bin grain drying

Digital tool can take some of the worry out of harvesting tough grain

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Ross Welford is a grain producer who farms 1,200 acres near Maymont, Sask. He always strives to harvest his cereal and canola crops at the best time to achieve optimal grain quality, but that’s not always possible due to weather. “There are times you pull into a field and start going with the combine and […] Read more
ICE November 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola prices ‘cheap’ but rangebound

Trade also watching U.S. soy complex

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MarketsFarm — ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, in choppy activity as traders wait to get a clearer picture on the size of this year’s crop. “Overall, canola is relatively cheap,” said Ken Ball of PI Financial in Winnipeg. He pointed to wide crush margins — over $200 per […] Read more
(Photo: Reuters/Diego Vara)
Crops, Weather

Saskatchewan Crop Report: Dryness continues as harvest begins 

Since April 1, the entirety of the province received 200 mm or less of rain

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MarketsFarm – With the exception of a handful of areas, most of Saskatchewan remained dry for the week ended July 31 as harvest operations began in the province’s southwest and west-central regions. Areas north of Prince Albert and northwest of Kindersley, as well as inside and around Hudson Bay each saw more than 30 millimetres […] Read more

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