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Canola

ICE July canola with 20- and 100-day moving averages and CBOT July 2020 soyoil (blue line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

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MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable […] Read more
Nuseed has partnered with Federated Cooperatives Ltd. for the introductory launch of the canola hybrid NC355TF in limited quantities for 2020.
Canola, News

First Nuseed canola hybrid registered in Canada

Official registration received from CFIA for Nuseed Canadian canola hybrid

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The registration of Nuseed’s first Canadian canola hybrid, NC355TF, marks the seed company’s entry into the Canadian canola market. It’s the first hybrid resulting from Nuseed’s six-year Canadian canola R&D field program, which is dedicated to developing top-performance hybrids for Canadian conditions, according to the company. “This registration is the first in an exciting new […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Funds add to short position in canola, move to net long in soy

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MarketsFarm — The net managed money short position in canola rose slightly in late April, while soybean speculators covered some of their bearish bets, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at […] Read more
ICE May 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Demand keeps canola well supported

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MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, holding above major support as end-users showed solid demand. “The demand side of the formula is still quite good,” said Errol Anderson, of Pro Market Communications in Calgary. Domestic crushers were showing the best demand, he said, but added that exporters were […] Read more
Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)
Canola, Crops

Supply chain working but canola groups have concerns

Federal field trials need to continue and growers need protective equipment, they say

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There have been no issues so far with supplies of inputs and parts, transportation or oilseed processing during the pandemic, canola industry officials report. “We’ve been really focused on making sure farmers have access to inputs and resources to get the 2020 crop in the ground,” Canola Council of Canada president Jim Everson said during […] Read more
Depending on drill calibration and speed of travel at seeding, it could easily result in a wide variance of seed placement.
Canola, Crops

Industry ponders ideal canola seeding depth

One of several factors affecting success of stand establishment

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Coming up with an ideal recommended canola seeding depth is a bit like the Goldilocks story where the bowls of porridge ranged from either too hot or too cold. When it comes to seeding canola, the ideal recommendation can’t be too shallow or too deep, but what is the just-right depth recommendation — most likely […] Read more
ICE Futures May 2020 canola (candlesticks) and CBOT May 2020 soybean oil (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola gains strength at midweek

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MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold due to bearish sentiments from outside markets earlier in the week, but prices were steadily bouncing back. Nearby ICE Futures canola was down Monday by […] Read more

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