(Dave Bedard photo)

Spec short position grows in canola

Managed money net long in soy, corn

MarketsFarm — Speculators were busy adding to their growing net short position in canola during the week ended Jan. 24, according to the latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in at 32,625 contracts on Jan. […] Read more

A view of Imperial Oil’s Strathcona fuel refinery from the North Saskatchewan River. (Imperial Oil photo via BusinessWire)

Imperial Oil clears Edmonton renewable diesel plant for construction

Quick decision motivated in part by need for feedstocks such as canola oil, company says

Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more


Research studies in Western Canada have shown general applications of boron fertilizer are not warranted to optimize canola yields or quality.

Do Prairie crops need boron fertilizer?

Before you apply boron fertilizer, read this

We often hear about the need for boron (B) fertilizer to optimize canola production and occasionally for other crops. However, boron is not widely used as a fertilizer in Western Canada. In the fall of 2021, Fertilizer Canada surveyed western Canadian wheat and canola growers to determine fertilizer use. This survey found about 8.6 per […] Read more

ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola trading window lowered

A crude oil downturn would pressure canola, loonie

MarketsFarm — The ICE Futures canola market posted steady losses for five sessions, testing the lower edge of their well-established trading ranges before finally uncovering some support on Wednesday. The losses did damage from a chart perspective, with the activity bumping the trading window lower, according to an analyst. “Overall, both on old- and new-crop, […] Read more


(Dave Bedard photo)

AAFC issues first look at 2023-24

Oats production expected down significantly on year; wheat, canola up

MarketsFarm — Agriculture and Agri-Food Canada (AAFC) has released its first crop projections for 2023-24, forecasting a very notable drop in oats. In AAFC’s January supply and demand estimates, released Friday, it cut oat production to 3.611 million tonnes, down almost 31 per cent compared to 2022-23. The department chopped the carryout for oats by […] Read more

ICE March 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola’s steady week takes late turn

Outlook 'neutral to bearish'

MarketsFarm — While canola prices turned lower Wednesday, the week ending that day was full of rangebound trade activity with little movement. The March canola contract traded within a range of $832-$846.70 per tonne during the week, settling at the low end of the range after falling $5.20 on Wednesday to close at $832.70/tonne. Winnipeg-based […] Read more


(File photo by Dave Bedard)

Fund traders flip back to short side on canola

Corn traders reduce net long position

MarketsFarm — After briefly holding a net long position to start the New Year, speculators were back holding a net short position in canola in the second week of January as they liquidated long positions and put on some new bearish bets. The latest Commitments of Traders (CoT) report compiled by the U.S. Commodity Futures […] Read more

Using a nitrogen stabilizing product such as ESN allows farmers to place more nitrogen in or near the seed row without damage to the seedling.

ESN fertilizer: it’s all about the blend

Recommendations will vary with soil conditions but a 50 per cent blend with urea is described as the “sweet spot”

Saskatchewan agronomist Shannon Winny says many of her customers find a combination of ESN and urea provides a valuable return on investment in most years and under variable growing conditions. ESN or Environmentally Smart Nitrogen is a controlled-release nitrogen fertilizer product first introduced by Agrium (now Nutrien) about 20 years ago. ESN is 44 per […] Read more



(Dave Bedard photo)

Fund traders back on the long side in canola

Net long also extended in CBOT corn, soy

MarketsFarm — Speculators in ICE canola moved back to a net long position in the futures to start the New Year, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 6,805 contracts on Jan. […] Read more