Although canola futures on the International Exchange have lost a fair bit of value over the last several weeks, there is a case to be made that the Canadian oilseed is rangebound.
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ICE Canada Weekly: Canola bouncing around in a large range
Durum wheat prices expected to decline: analyst
Klassen estimated that six million acres of durum wheat were seeded this year across Canada with expected production at approximately 7.5 million tonnes. In Agriculture and Agri-Food Canada’s (AAFC) monthly principal field crops outlook released on June 20, the agency estimated 6.343 million acres with production at 5.655 million tonnes. Statistics Canada (StatCan) will release their latest acreage estimates on June 27.
ICE Canada Weekly: Little to propel canola upward
Canola across most of the Prairies appeared to be in good shape during the second last week of June, with very little prospect of a major rally according to a trader.
Manitoba Crop Report: Planting progresses despite wild weather
Planting across Manitoba progressed during the week ended June 16 despite cool, wet and windy weather, including small tornadoes.
Prairie soils’ organic carbon climbing
Data from StatCan and AAFC highlight positive changes made in agriculture since the 1980s
Glacier FarmMedia — For much of the last five years, the federal government has been setting targets for Canadian farmers to reduce nitrous oxide emissions from fertilizer and methane emissions from cattle. The government has provided funding to help producers cut methane and nitrous oxide emissions from primary agriculture, while constantly beating the drumbeat of […] Read more
Feed Grain Weekly: Prices drift down as seeding nears completion
The recent influx of moisture across the Prairies put pressure on feed grain prices, according to an Alberta-based trader.
ICE Weekly: Canola reaches 2024 highs
Canola futures at the Intercontinental Exchange (ICE) rose to their highest levels of 2024 during the week ended May 22.
Manitoba crop report: Seeding speeds up to normal pace
Planting progress greatly accelerated across Manitoba during the week ended May 12.
The province’s crop report released on May 14 showed that seeding was at 30 per cent completion, compared to just four per cent the week before.
Prairie Wheat Weekly: Prices mixed at end of tumultuous week
Prices for wheat on the Canadian Prairies were either side of steady by the week ended May 9. There were losses for Canadian Western Red Spring Wheat and Canadian Western Amber Durum, but Canada Prairie Red Spring Wheat incurred increases.
ICE Canada Weekly: Almost no chance of bullish path for canola
There are simply too many bearish factors that continue to weigh on canola values, leaving the oilseed unable make any sort of turnaround in early May, according to Tony Tryhuk of RBC Dominion Securities in Winnipeg.
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