Insights and Stories on Canola

Sep. 17, 2021 at 9:57 am CDT

Alberta farmers could see a huge new market for their canola right in their own backyard — the country’s largest renewable diesel facility. “It’s exciting news,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. “Another market — and a potentially significant market — that drives demand is […]

By Jennifer Blair

Sep. 15, 2021 at 8:02 pm CDT

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. […]

By Glen Hallick - MarketsFarm

Sep. 13, 2021 at 5:50 pm CDT

MarketsFarm — Barely two weeks after Statistics Canada projected 2021-22 canola production to come in around 14.7 million tonnes, the U.S. Department of Agriculture forecast the Canadian oilseed crop to be about 14 million tonnes. Now, a few days after USDA’s supply and demand estimates, Statistics Canada is already set […]

By Glen Hallick - MarketsFarm

Sep. 8, 2021 at 7:36 pm CDT

MarketsFarm — Canola contracts on the ICE Futures platform drifted lower during the week ended Wednesday, although the market remains stuck in a sideways trading pattern overall as participants try to get a better handle on the size of this year’s crop. An upcoming supply/demand report from the U.S. Department […]

By Phil Franz-Warkentin

Sep. 2, 2021 at 1:40 pm CDT

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 […]

By Allan Dawson