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Canola

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
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets, Soybeans

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

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MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7 […] Read more
ICE May 2020 canola with Bollinger (20,2) bands. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola market floating headline to headline

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MarketsFarm — The ICE Futures canola market moved lower during the week ended Wednesday, but activity was choppy as futures reacted to broad swings in global financial markets. While the looming growing season should be starting to garner some attention, the COVID-19 pandemic “has grabbed all of the headlines and all of the oxygen out […] Read more

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