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Canola

AAFC made some small tweaks in its estimates for the 2022/23 wheat crop. Photo: Greg Berg
Crops, Markets

AAFC tweaks some numbers as canola, pulses remain unchanged

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MarketsFarm – While Agriculture and Agri-Food Canada made some changes in its October supply and demand estimates from September, the department didn’t make any alterations to its data for canola, pulses and special crops. The department released its report during the late afternoon of Oct. 21. Of the grains and oilseeds, AAFC’s most notable revisions […] Read more
ICE January 2023 canola (candlesticks) with Bollinger bands (20,2) and 100-day moving average (black line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola sees choppy, sideways month-end trade

Wide crush margins remain bullish

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MarketsFarm –– ICE Futures canola contracts held within a narrow range during the week ended Wednesday, lacking any clear direction with the rolling of positions out of the nearby November contract ahead of its expiry behind much of the trade volumes. “We’re stuck a little rangebound here,” a Winnipeg-based trader said of the sideways activity, […] Read more
Canola plants in flower in a field north of Lorette, Man. on July 20, 2022. (Dave Bedard photo)
Canola, Crops

Prairie-wide canola variety trial program ending

'Current format' of CPT concludes: commissions

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The sun is about to set on the current Prairie-wide canola variety evaluation program run by the three Prairie provinces’ canola grower commissions. SaskCanola, the Alberta Canola Producers Commission and the Manitoba Canola Growers Association announced Monday that 2022 is the final year of the Canola Performance Trials (CPT) “in its current format.” “Going forward, […] Read more
ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola’s wide crush margins supportive

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MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, but historically wide crush margins should keep the market well supported going forward. “The crush margins are unsustainably high,” said Ken Ball of PI Financial in Winnipeg, pointing to margins that currently work out to over $200 per tonne […] Read more
Photo: Thinkstock
Crops

Alberta harvest on the verge of completion

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MarketsFarm – Combining in Alberta is almost finished with the latest crop report indicating it’s at 96.3 per cent complete. The province’s Agriculture, Forestry and Rural Economic Development (AFRED) department noted that as of Oct. 4, the harvesting of all crops advanced nine points from the previous week due to dry weather. Of the 11 […] Read more
File photo of a Conagra production facility at Oakdale, Calif., about 150 km east of San Francisco, on Dec, 18, 2015. (Photo: Reuters/Fred Greaves)
General, Markets, Reuters

Conagra tops profit, sales estimates even as consumers turn thrifty

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Reuters — Conagra Brands beat quarterly sales and profit estimates on Thursday, boosted by higher prices for its Marie Callender’s and Slim Jim brands even as consumer demand wanes under the weight of decades-high inflation. Global food companies have been increasing prices over the past year to shield profit margins, which have been squeezed by […] Read more
ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, purple and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Rising canola prices hit a one-day thud

"There's a day where we need to take a pause"

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MarketsFarm — ICE Futures canola rose like Icarus over the past few weeks, but just like that Greek mythological figure, it flew too high, only to come back down to Earth. After the November canola contract rose in seven of its last eight sessions — in the middle of harvest, no less — and gained […] Read more

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