ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Canola strength shows no signs of fading

MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more

On the morning of Dec. 30, the nearby January canola contract apparently hit a new all-time high.  Photo: File

Another volatile holiday week for grain markets

MarketsFarm – As trading is most often volatile between Christmas and New Year’s, this week did not disappoint. Canola pretty much ran the gamut, swinging higher one day, falling back the next. During the overnight session that ended on the morning of Dec. 30, the nearby January contract apparently hit a new all-time high when […] Read more



(Richardson International video screengrab via YouTube)

Lethbridge canola crusher workers reject contract offer

UFCW to seek mediation

Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. plan to seek mediation after voting to reject the company’s contract offer. United Food and Commercial Workers (UFCW) Local 401, which represents about 140 workers at the Lethbridge plant, said Monday its members had voted 79 per cent to reject the offer. The workers’ […] Read more



(Dave Bedard photo)

AAFC adjusts grain, oilseed balance sheets slightly

MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3, […] Read more


This photo was taken September 24, 2021. This canola field near me had way more nice yellow flowers in late September than it did in mid-July. It looked like a decent crop at that time. With no rain in September and very little frost, it dried up for a second time.

Les Henry: The Birch effect on our soils in 2021

Microbes had a heyday when the rain came

As I watched the 2021 growing season unfold, there came a time when I started to think about the “Birch effect.” Lo and behold, when I went looking for the papers that documented the Birch effect, I stumbled on a piece titled “Fall Soil Sampling: the ‘Birch’ Effect” by Les Henry in the October issue […] Read more