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Canola

ICE November 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT December 2021 soyoil (green line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola rally keeps going

Not yet back at $1K, but it's possible

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MarketsFarm — With good gains from other edible oils, canola has remained on the rise so far during the week of Oct. 18. It’s uncertain as to how much longer the rally could press on, but analyst David Derwin of PI Financial in Winnipeg said canola punching through $1,000 per tonne again is possible. “Never […] Read more
This photo shows the affected area of discoloured plants fading into an unaffected area with healthy plants.
Canola, Crops, Features

Crop advisor casebook: Why the discoloured canola plants in this Sask. field?

A Crop Advisor's Solution from the October 12, 2021 issue of Grainews

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In June 2020, I was doing a routine herbicide efficacy assessment for Rick, who farms 13,000 acres of durum, spring wheat, canola, barley, lentils, peas and flax near Kyle, Sask. While walking a 320-acre canola field, I noticed some severe discolouration of the canola plants. The affected plants were pale green to yellow in colour […] Read more
ICE January 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola still rangebound

Selling pressure seen from U.S. soy

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MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside […] Read more
In a dry growing season, producers may see considerable variability in crop maturity.
Canola, Crops

Canola traits increase harvest options

Pod shatter resistance can help producers get more crop in the bin

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While changing the weather is beyond anyone’s control, farmers can make the most of the canola that does grow by selecting varieties that increase harvest management options, says a researcher with Corteva Agriscience. Making the decision on whether to swath or straight cut the crop often depends on how the crop looks heading into late […] Read more
Canola, Crops

Taking a look at canola harvest options

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In considering harvest options, Corteva Agriscience reminds producers of some of the key points to consider when deciding whether to swath, delay swathing or straight cut. Swathing may be an option if the following occurs: Crop canopy is upright and not well knit together Uneven crop staging from uneven crop emergence, disease, weedy patches or […] Read more
The Canola Council of Canada says hot days and warm nights from bud to mid-flowering stages can have a devastating effect on canola yield.
Canola, News

Nexera offers free heat blast insurance on canola until October 29, 2021

Fully automatic coverage with a payout as temperatures rise

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Western Canadian farmers thinking about growing Nexera canola have until the end of October to take advantage of free crop insurance coverage providing up to $100 per acre in protection against heat blast during the 2022 growing season.  Corteva Agriscience has introduced this first-of-its-kind insurance coverage, known as the Heat Advantage program, providing insurance of […] Read more
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola feeling the energy

Canola riding on fuels' bullish momentum

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MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy […] Read more
A canola crop in the RM of Fletts Springs, just northwest of the RM of Pleasantdale, in 2019.
Canola, Crops, Markets, Reuters

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

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Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing […] Read more
ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Analyst sees canola spike late next month

Movement expected to roll out of November soon

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MarketsFarm — As the canola harvest winds down on the Prairies, ICE Futures canola began to climb upward in approaching $900 per tonne, the upper limit of its range. That’s given Winnipeg-based analyst Wayne Palmer of Exceed Grain reason to believe canola will bust through $900 per tonne. “That’s all due to the drought and […] Read more

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