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Canola

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high. Photo: File
Crops, Markets

Another volatile holiday week for grain markets

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MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more
(Richardson International video screengrab via YouTube)
Canola, Crops

Lethbridge canola crusher workers reject contract offer

UFCW to seek mediation

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Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. plan to seek mediation after voting to reject the company’s contract offer. United Food and Commercial Workers (UFCW) Local 401, which represents about 140 workers at the Lethbridge plant, said Monday its members had voted 79 per cent to reject the offer. The workers’ […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC adjusts grain, oilseed balance sheets slightly

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MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3, […] Read more
This photo was taken September 24, 2021. This canola field near me had way more nice yellow flowers in late September than it did in mid-July. It looked like a decent crop at that time. With no rain in September and very little frost, it dried up for a second time.
Columns, Crops

Les Henry: The Birch effect on our soils in 2021

Microbes had a heyday when the rain came

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As I watched the 2021 growing season unfold, there came a time when I started to think about the “Birch effect.” Lo and behold, when I went looking for the papers that documented the Birch effect, I stumbled on a piece titled “Fall Soil Sampling: the ‘Birch’ Effect” by Les Henry in the October issue […] Read more
A sunflower crop north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)
Canola, Crops, Markets

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

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MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at […] Read more
(Xinzheng/Getty Images)
General, Reuters

New China import rules bring headaches for food, beverage makers

Cooking oil, milled grains among foods moved to higher-risk categories

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Beijing | Reuters — Makers of Irish whiskey, Belgian chocolate and European coffee brands are scrambling to comply with new Chinese food and beverage regulations, with many fearful their goods will be unable to enter the giant market as a Jan. 1 deadline looms. China’s customs authority published new food safety rules in April stipulating […] Read more
ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola futures still well supported

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MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward […] Read more

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