canola Archives - Page 52 of 137

StatsCan confirms tight grain and oilseed stocks

Canadian corn stocks up on year

By Phil Franz-Warkentin, GFM Network News February 9, 2022

MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more

Crops, Wheat & Chaff

How to make a sustainable crop protection plan

Q & A with an expert

By Jordan Peterson February 7, 2022

Q: How do I make a crop protection plan in the off-season? A: Developing a crop protection plan for the upcoming season in the late fall and over the winter can be a challenging process. Many in-season variables, both economic and agronomic, are difficult to account for in the off-season. However, with a season on […] Read more

ICE March 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and dark green lines) and CBOT March 2022 soybeans (black line, left column). (Barchart)

Canola, Crops, Markets, Soybeans

ICE weekly outlook: Canola moving back in line with soybeans

By Phil Franz-Warkentin, GFM Network News February 3, 2022

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, but lagged the Chicago Board of Trade soy complex to the upside as the spreads between the two markets saw some readjustment. “If you had bought 100 tonnes of March canola on Dec. 21 you’d be up about $10 per tonne right […] Read more

(Richardson International video screengrab via YouTube)

Canola, Crops

Richardson crush plant workers to vote on new offer

UFCW team endorses latest offer

By Dave Bedard, GFM Network News January 29, 2022

Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. will vote Tuesday and Wednesday on a new offer from the company after rejecting a previous proposal. United Food and Commercial Workers (UFCW) Local 401 announced Tuesday (Jan. 25) its negotiating committee “fully endorses” the new offer after the company’s Richardson Oilseed division “enhanced […] Read more

ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

By GFM Network News January 27, 2022

MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever […] Read more

Crops, Markets

Larger Canadian crops predicted in AAFC’s first 2022 outlook

By Phil Franz-Warkentin, GFM Network News January 24, 2022

MarketsFarm — A return to trend-line yields after the past year’s drought should lead to a significant increase in Canadian crop production in 2022, according to the first supply/demand estimates for the 2022-23 season from Agriculture and Agri-Food Canada (AAFC), released late Friday. Seeded area is expected to be up for wheat and the pulses, […] Read more

ICE March 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Choppy canola trade expected

Old-crop 'likely pushing the upper limits'

By Phil Franz-Warkentin, GFM Network News January 20, 2022

MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby […] Read more

A canola crop in an early pod stage in 2020. The demand for canola is in the industry's favour, says the president of the Canola Council of Canada.

Editor's column, Wheat & Chaff

Canola outlook: farmers face disruption, uncertainty and great opportunity

By Kari Belanger January 18, 2022

It was a difficult year for many canola producers across the Prairies in 2021 due to the historic drought, which lowered yields and, in the worst cases, wiped out crops completely. Supply chain challenges compounded the difficulties farmers faced created by the global pandemic. Jim Everson, Canola Council of Canada president, acknowledged these adversities in […] Read more

Federated Co-operatives in November 2021 secured an option on this land north of its Co-op Refinery Complex at Regina. (FCL.crs)

Canola, Crops, Machinery

Co-op, AGT plan to crush canola at Regina

Crusher would feed FCL's planned renewable diesel plant

By Dave Bedard, GFM Network News January 18, 2022

Federated Co-operatives’ plans for a renewable diesel processing plant at Regina now also include processing the canola oil needed to supply that plant. Federated Co-op (FCL) on Monday announced a memo of understanding has been signed with Regina grain and pulse crop processor AGT Foods on a joint venture that will “look to construct” a […] Read more

ICE March 2022 canola (candlesticks) with 20-day moving average (yellow line) and November 2022 canola (green line, left column). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Despite declines, signs point to increases for canola

By GFM Network News January 13, 2022

MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

GFM Network News