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

ICE weekly outlook: Canola futures still well supported

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MarketsFarm — The ICE Futures canola market was showing signs of running into resistance to the upside during the week ended Wednesday, as speculators booked profits on some of their large long positions. The general uptrend, however, remains intact despite the minor correction. While bouts of consolidation were not unexpected, “the trends are still upward […] Read more
Dominic Barton. (Video screengrab from McKinsey.com)
Canola, Crops, Reuters

Ambassador to China to leave post after helping free detainees

Canola, 5G access, other issues remain

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Ottawa | Reuters –– Canada’s ambassador to China said on Monday he would soon leave his post after a two-year assignment where he helped secure the freedom of two Canadian detainees despite icy relations between Beijing and Ottawa. Dominic Barton’s departure, which will take effect Dec. 31, leaves a crucial diplomatic post open at a […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Canola declines, durum drops in new StatsCan estimates

Soybean, oats estimates raised

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MarketsFarm — There were very few surprises in Statistics Canada’s latest principal field crop production estimates released Friday — the first in 2021-22 to use a survey of producers. Nevertheless, they quantified just how severe last summer’s drought was in Western Canada. Canola production for the 2021-22 marketing year was estimated to be 12.595 million […] Read more
(Dave Bedard photo)
Crops, Markets

Smaller crops likely in StatsCan survey-based report

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MarketsFarm — Mindful of the summer drought conditions that seriously cut into crop production across the Prairies, average trade estimates call for downward revisions to Statistics Canada’s already-small forecasts for most crops when the it releases its first survey-based estimates of the marketing year on Friday. While prior reports, in September and August, were compiled […] Read more
ICE January 2022 canola (candlesticks) with March 2022 (green line) and November 2022 canola (yellow line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola market strong but choppy

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MarketsFarm — Nearby ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, while= deferred months moved lower. The new-crop November 2022 contract had overshot to the upside and was due for a correction, said Keith Ferley of RBC Dominion Securities in Winnipeg. Any weakness would likely be met by commercial buying, […] Read more
(Dave Bedard photo)
Crops, Markets

AAFC lowers canola export forecast

Domestic canola usage raised; other crops largely unchanged

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MarketsFarm — Canadian canola exports during the 2021-22 marketing year are forecast to be smaller than earlier projections, Agriculture and Agri-Food Canada (AAFC) reported late Friday. Domestic usage, however, was raised in the report, keeping ending stocks of the crop steady with the October forecast. Total Canadian canola exports in 2021-22 are now forecast at […] Read more
ICE January 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CBOT January 2022 soyoil (grey line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s trend line still pointed higher

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MarketsFarm — The ICE Futures canola market strengthened during the week ended Wednesday, hitting fresh highs in many contract months. “The trend remains up,” analyst Mike Jubinville of MarketsFarm Pro said. “The price of canola needs to be put at a level that discourages exports, while the domestic crushers actively pursue attaining as much of […] Read more
New canola varieties for 2022
Canola, Crops, Features

New canola varieties for 2022

Fifteen brand new canola hybrids hit the market

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Western Canadian producers have 15 new canola hybrids to choose from when they start seeding next year. Six of them include the TruFlex trait, which allows farmers to get more time in the sprayer by widening the window for applying glyphosate. Please note, this list only includes brand new canola offerings for 2022. BASF InVigor […] Read more

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