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(File photo by Dave Bedard)
Canola, Crops, Markets

Speculative short position declines in canola

Traders' net long in CBOT soy also reduced

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MarketsFarm — The speculative short position in canola continued to shrink during the week ended May 15, as speculators bought back short positions and put on new longs, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 15, 2023, the net managed money short position […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Unclear where canola wants to go

Soy complex's trend much more apparent

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MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday, […] Read more
This image shows the unilateral discolouration of plant stems caused by verticillium stripe.
Canola, Crops, Features

Take verticillium stripe in canola seriously

A Manitoba farmer warns others about the threat this disease poses to canola production

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Last year, Collin Shirtliff knew the threat to his canola crops posed by verticillium stripe but he wasn’t overly concerned. However, that changed late in the summer when he began harvesting the crop on the 3,600-acre farm he and his family operate near Starbuck, Man. What looked like an extremely promising crop weeks earlier suddenly […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola fund short position narrows slightly in early May

Traders reduce net long in soybeans

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MarketsFarm –– Fund traders were buying back short positions and putting on some new longs in the canola futures market during the first full week of May, causing the net short position to narrow in slightly, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May […] Read more
In high-risk areas where a crop is stalled and flea beetles are feeding aggressively, the action threshold of 25 per cent may be met and surpassed within hours. In a situation like this, growers may want to spray at less than 25 per cent leaf area loss, giving the crop a chance to get through the day a little stronger, offers CCC’s Curtis Rempel.
Canola, Crops

Flea beetles: how to improve spray results

Five important tips when applying foliar insecticides

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You’ve probably heard this before: the best defence against flea beetles is a canola crop that emerges uniformly, with five to eight plants per square foot, and grows quickly to the four-leaf stage. Weather conditions often conspire against these best laid plans, pushing canola growers to plan B: foliar insecticide. Farmers get particularly frustrated when […] Read more
ICE July 2023 canola with 20- and 50-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola showing independent strength

Prairie weather uncertainty supportive

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MarketsFarm — ICE Futures’ canola market saw some independent strength relative to other oilseeds during the week ended Wednesday, as speculative positioning and the need to ration tight old-crop supplies provided support. Canadian canola stocks as of March 31 were pegged at 5.95 million tonnes by Statistics Canada in a report released Tuesday. That was […] Read more
(Dave Bedard photo)
Crops, Markets

Latest StatCan stocks report ‘least important of them all’

Wheat, canola numbers not expected to have significant impact on markets

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MarketsFarm — For MarketsFarm Pro analyst Mike Jubinville, there was little in the latest Statistics Canada (StatCan) grain stocks report that would budge the markets. “When I look at the run of StatCan reports that we get through the year, whether they’re acreage, production or ending stocks, this report in May is the least important […] Read more
(Gassen/iStock/Getty Images)
Crops, Markets, Reuters

Canada will not be intimidated by China retaliation, Trudeau says

China seen as 'more sensitive about food security' now, CAPI says

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Ottawa | Reuters — Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. Ottawa expelled Chinese diplomat Zhao Wei on Monday over allegations related to foreign interference, and hours later, China asked a Canadian diplomat in Shanghai to leave by Saturday in […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Canola fund short position grows

Funds also net short in U.S. wheats

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MarketsFarm — The managed money net short position in canola grew in early May as fund traders were busy liquidating long positions and moving more money to the short side of the market, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of May 2, the net […] Read more
ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow open/high/low/close). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Expect canola to climb higher

Seeding reported underway in southern Alberta

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MarketsFarm — As better-than-expected weather across the Canadian Prairies is very likely to spur on farmers to begin their spring seeding, the market is poised to push higher over the next couple of months, according to an analyst. “We have come down to the low end of the range,” said David Derwin, commodity futures advisor […] Read more

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