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Canola

ICE November 2023 canola with 20- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Harvest pressure to weigh on canola

StatCan report not expected to cause much stir

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MarketsFarm — The ICE Futures canola market posted gains for the first time in more than a week on Wednesday, but damage was done from a chart standpoint with mounting harvest pressure amid relatively favourable Prairie weather conditions likely to weigh on values over the next few weeks. “It’s that time of year,” said Jamie […] Read more
Grant Morgan says he chose some new Clearfield varieties of canola this year because he expects to receive between $1 and $1.50 more per bushel for his harvested crop.
2023 Canola Guide, Canola, Canola Production Guide

Tips for choosing canola varieties

Prairie farmers share their strategies

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Steve Cowan understands the importance of making the right choice when it comes to canola variety selection. Cowan owns and operates a 3,000-acre grain farm near Camrose, Alta., where he grows canola, wheat and barley. He also works as an agronomist with the Crop Management Network and advises fellow farmers in the region on how […] Read more
Courtney Welch says Canterra Seeds works with a number of different genetics partners to develop new varieties of canola, which presents the company with a unique opportunity.
2023 Canola Guide, Canola

What’s in the canola pipeline?

Product managers of some of the country’s leading seed companies share their insights

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Canola has been called a Canadian success story, and for good reason. It’s estimated the country’s canola value chain generates nearly $30 billion in economic activity annually. But even the best success stories sometimes must change with the times. That’s why the agriculture industry spends millions of dollars each year to develop new canola varieties […] Read more
PV 661 LCM is Proven Seed’s newest LibertyLink canola hybrid, which provides yield performance in all growing zones across Western Canada.
2023 Canola Guide, Canola

New canola hybrids for 2024

Eleven new options for Prairie producers

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Farmers in Western Canada will have 11 new canola hybrids to choose from next year, courtesy of BASF, BrettYoung, Cargill, Dekalb, Proven Seed and Corteva’s Pioneer and Brevant seed brands. Here’s our annual list of new canola releases for 2024. BASF InVigor Health L358HPC offers close to a 10 per cent yield improvement over InVigor […] Read more
Blackleg testing is relatively new and it can be difficult to understand or interpret the test results.
2023 Canola Guide, Canola, Canola Production Guide

Disease testing uptake low despite benefits

Canola disease tests help growers better manage their fields

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Canola disease testing is available free of charge in much of the Prairies, but uptake among growers and agronomists remains relatively low, according to industry officials. In Manitoba, the Pest Surveillance Initiative (PSI) lab has been offering free clubroot testing since 2014. The Manitoba Canola Growers Association lab also offers free blackleg and verticillium stripe […] Read more
(OceanFishing/iStock/Getty Images)
Canola, Crops, Markets

Numerous revisions to USDA’s data on Canadian canola

Outlooks raised for ending stocks, cut for domestic use

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MarketsFarm — Canola production numbers for Canada as estimated by the U.S. Department of Agriculture underwent several changes for the 2022-23 and 2023-24 crop years. The data for Canada was among the estimates USDA’s Foreign Agricultural Service (FAS) put in its monthly report, Oilseeds: World Market and Trade. The FAS dropped its production estimates on […] Read more
ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Little downside for canola, trader says

'I wouldn’t look for a big collapse'

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MarketsFarm — After trading rangebound during the week before the Labour Day long weekend, canola started the month of September by taking a tumble. The November canola contract stayed between $800-$821 per tonne from Aug. 24 to Sept. 1, with closing prices between $809-$812/tonne. When ICE Futures resumed trading Tuesday, the price dropped $13.90, to […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Fund long position edges higher in canola

Net long in CBOT soybeans down on week

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MarketsFarm — The managed money long position in canola edged slightly higher during the week ended Aug. 29, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Aug. 29, 2023, the net managed money long position in canola futures came in at 13,904 contracts (41,949 long, […] Read more
ICE November 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Harvest pressure, farmer selling to guide canola

New StatCan figures 'right around expectations'

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MarketsFarm — Any fanfare from the long-awaited production estimates from Statistics Canada released on Tuesday was gone by the next day. ICE canola futures initially jumped by double digits that morning, but throughout that session the gains faded. By the end of Wednesday’s session, canola was down. “The StatCan report came in right around expectations. […] Read more
(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

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