Average sea surface temperature anomalies for the period from Aug. 9 to Sept. 5. (CPC)

El Nino to strengthen in winter, gradually weaken in spring

New York | Reuters — A U.S. government weather forecaster on Thursday said El Nino conditions would gradually weaken through the Northern Hemisphere spring after peaking in late fall or early winter. The National Weather Service’s Climate Prediction Center said the likelihood that El Nino conditions would persist through the Northern Hemisphere winter was about […] Read more




(K-plus-S.com)

PotashCorp reported preparing to make hostile K+S bid

Reuters — PotashCorp is prepared to launch a hostile takeover offer for German potash mining rival K+S under certain conditions, German newspaper Handelsblatt reported Tuesday. Handelsblatt cited financial sources as saying Saskatoon-based PotashCorp had talked to brokerages in Canada about such plans. PotashCorp declined to comment. K+S shares jumped as much as 10.3 per cent […] Read more


(Photo courtesy Canola Council of Canada)

Canola cash basis levels weaken as harvest rolls along

CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more



November ICE canola for week of Aug. 28 to Sept. 4, 2015. (Barchart.com)

Canola charts pointed lower

CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more

A jimsonweed bloom. (Patrick J. Alexander photo courtesy USDA-NRCS Plants Database)

Jimsonweed not a threat to canola oil, meal safety

Canada’s canola oil and meal will remain safe to consume even if some jimsonweed seeds end up in it, according to Curtis Rempel, vice-president of crop production and innovation at the Canola Council of Canada (CCC). “While jimsonweed itself can be poisonous, the heating process in canola oil and meal processing denatures toxic alkaloids, so […] Read more


(Dave Bedard photo)

Canola stocks increase dramatically in StatsCan report

CNS Canada –– It appears there’s a lot more canola in Prairie fields and bins than anybody thought. According to Thursday morning’s Stocks of Principal Field Crops report from Statistics Canada, the country had 2.3 million tonnes of canola in its stocks as of July 31 — 500,000 to one million tonnes more than analysts […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola may drop more

CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer […] Read more