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Tag Archives canola

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)
Crops, Markets

Grain exports running well behind year-ago pace

Prices, low stocks keep lid on demand

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MarketsFarm — Canadian grain exports are running well behind the year-ago pace through the first few weeks of the 2021-22 marketing year, as smaller supplies and high prices limit offshore demand. Total exports of all of the major grains, oilseeds and pulses as of Sept. 12 of 3.162 million tonnes are down by about 2.1 […] Read more
ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola remains rangebound

Trade predicts even smaller production

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MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more
A soybean crop at Headingley, Man. on Sept. 2, 2021. StatsCan’s latest estimates project drought-hit Manitoba’s soybean production to drop by 22.2 per cent from 2021, while Canada’s soybean harvest overall is expected down 7.4 per cent on the year. (Dave Bedard photo)
Crops, Weather

Prairie crops downgraded in latest StatsCan estimates

Corn, soybean crops upsized from previous report

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MarketsFarm — Drought conditions across Canada’s Prairies cut into yields throughout the region in 2021, with production of most of the major crops downgraded by Statistics Canada in updated crop estimates released Tuesday. Using satellite imagery, the government agency now sees total canola production for the 2021-22 crop year at 12.78 million tonnes, which compares […] Read more
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

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MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)
Canola, Crops, Weather

Nexera canola seed to come with heat blast insurance

Corteva's 'Heat Advantage' provides coverage on seed purchased by Oct. 29

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Farmers can’t prevent canola flowers from aborting in hot weather resulting in lower yields, but one seed company is providing some insurance against it — as part of the price of the seed. Brevant’s Nexera canola seed comes with a “a first-of-its-kind” insurance policy worth up to $100 an acre to offset yield losses due […] Read more
ICE November 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and CBOT October 2021 soyoil (blue line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola futures slide, cash prices might not follow

Weakness seen ongoing in soy complex

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MarketsFarm — If the October soyoil contract on the Chicago Board of Trade (CBOT) falls to 55 U.S. cents/lb., it’s likely ICE Futures canola will drop to around $850 per tonne, according to analyst Errol Anderson of ProMarket Communications in Calgary. ICE November canola closed Wednesday at $890.80 per tonne, giving up $10.80 since the […] Read more
Farmer and Grainews columnist Toban Dyck inspects wheat on July 6, 2021 near Winkler, Man., where hot and dry weather has led to thin, uneven stands. (Photo: Reuters/Rod Nickel)
Crops, Markets, Weather

StatsCan confirms Canada’s crop production down in 2021

Corn expected to be lone exception

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MarketsFarm — Production of most of Canada’s major grain, oilseed and pulse crops was down substantially in 2021-22, as drought conditions across the Prairies cut into yields, according to preliminary estimates released Monday by Statistics Canada. Of the major crops, only corn was expected to see a slight increase in production on the year as […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Smaller crops anticipated in looming StatsCan report

Survey-based data due out Monday

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MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Ag department lowers crop production, export estimates

Expectations knocked down for most major Prairie crops

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MarketsFarm — Canadian crop production will be down significantly in the 2021-22 marketing year, cutting into exports for all of the country’s major grains, oilseeds and pulse crops. That’s the estimation from the latest supply/demand estimates from Agriculture and Agri-Food Canada (AAFC), released Thursday. Total field crop production for all crops is forecast to decrease […] Read more

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