Canola & Production Tips

ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Canola remains expensive

By GFM Network News August 18, 2021

MarketsFarm — Concerns over the likelihood of a much smaller canola crop than previously anticipated, coupled with a very tight supply situation, continued to underpin values this week. That price rationing in turn has kept canola more expensive than other edible oils, according to trader Keith Ferley of RBC Dominion Securities in Winnipeg. “The market […] Read more

Canola, Crops, Machinery

Richardson buys up veg oil-based drilling lubricant maker

Grain firm supplies canola oil to Control Chemical

By Dave Bedard, GFM Network News August 16, 2021

The Calgary maker of Matex drilling fluids is under new ownership from one of its minority owners and its biggest supplier of crude canola oil. Winnipeg grain firm Richardson International announced last Tuesday it has bought full ownership of Control Chemical Corp. for an undisclosed amount. Control Chemical is billed as a specialized manufacturer of […] Read more

Heat and drought conditions this growing season have forced canola to develop early.
Photo: Greg Berg

Canola, Markets

ICE weekly outlook: Something of a tough week for canola

By GFM Network News August 13, 2021

MarketsFarm – It was a bit of a tough week for canola on the Intercontinental Exchange (ICE), although there was something of a bright spot after the release of the August supply and demand estimates from the United States Department of Agriculture (USDA). As one trader put it, canola did its job by increasing in […] Read more

Canola, Markets

ICE weekly outlook: Major canola supply issues ahead

By GFM Network News August 11, 2021

MarketsFarm – There’s a looming problem that’s on the verge of surfacing in the Canadian canola market – many growers will be unable to fulfill their contracts due to lower production. The drought across the Prairies dashed canola production estimates from the initially anticipated 20 million tonnes, to something that could be in the range […] Read more

Canola, Markets

ICE weekly outlook: Volatility expected in canola markets

By Phil Franz-Warkentin, GFM Network News August 5, 2021

MarketsFarm – The ICE Futures canola market saw some large price moves during the week ended Aug. 4, hitting their lowest levels in a month as investors booked profits before recovering to hold relatively range-bound overall. More choppiness is expected over the next few weeks, as the market waits to get a better handle on […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola range-bound, awaiting harvest

By Phil Franz-Warkentin, GFM Network News July 29, 2021

MarketsFarm – ICE Futures canola contracts held within a relatively narrow range during the week ended July 28, as traders wait to get a better handle on the size of the Canadian crop. “We’re just waiting to see as we get into harvest what the crop size and crop yields look like,” said Jamie Wilton, […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola corrects, but trend still up

By Phil Franz-Warkentin, GFM Network News July 21, 2021

MarketsFarm — ICE Futures canola contracts posted some wide price swings over the week ended Wednesday, moving lower overall as the market backed away from nearby highs and speculative profit-taking weighed on values. “The trend is higher, but you can’t go up forever,” said trader Ken Ball of PI Financial in Winnipeg. While rains during […] Read more

With a precision planter, Ken Van Raay seeds canola just under the soil surface on highly tilled, heavily manured land. He runs a pivot after seeding.  He says the crop is up in two to seven days and he’s had the canopy close in less than 18 days.

Canola, Crops, Features

A fresh look at the benefits of precision-planted canola

Five Alberta producers share their experiences

By John Dietz July 19, 2021

Precisely placing individual corn or soybean seeds in a row has led some canola growers to switch from air seeders to vacuum planters in the past few years. For a fresh look in 2021, Grainews spoke with five Lethbridge-area growers who had experience with precision planting canola in 2020. Two producers carried out field trials […] Read more

ICE November 2021 canola (candlesticks) with 10-, 20-, 50- and 100-day moving averages (yellow, green, purple and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: $1,000 canola not a guarantee

By GFM Network News July 14, 2021

MarketsFarm — Any idea of canola hitting $1,000 per tonne in the near future is not the sure thing some people may have thought it was, according to Errol Anderson, an analyst with ProMarket Communications in Calgary. “New-crop futures might take a run at $1,000 per tonne, but in the same breath the November contract […] Read more

Canola, Crops, Markets

Net long position in canola nears lowest level of past year

By Phil Franz-Warkentin, GFM Network News July 10, 2021

MarketsFarm — The managed money net long position in canola has edged down over the past few months, moving to its lowest level in nearly a year in the latest commitment of traders report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position […] Read more

GFM Network News

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Canola

ICE weekly outlook: Canola remains expensive

Richardson buys up veg oil-based drilling lubricant maker

ICE weekly outlook: Something of a tough week for canola

ICE weekly outlook: Major canola supply issues ahead

ICE weekly outlook: Volatility expected in canola markets

ICE weekly outlook: Canola range-bound, awaiting harvest

ICE weekly outlook: Canola corrects, but trend still up

A fresh look at the benefits of precision-planted canola

ICE weekly outlook: $1,000 canola not a guarantee

Net long position in canola nears lowest level of past year

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