Insights and Stories on Canola

Jun. 18, 2021 at 8:20 pm CDT

[UPDATED: June 22, 2021] MarketsFarm — Western Canada’s canola crop has been hit hard by hot, dry weather so far this growing season in the midst of ongoing drought conditions — which may also be aiding another threat. *Across the Prairies, flea beetles are an oft-seen pest that feeds on […]

By Adam Peleshaty

Jun. 16, 2021 at 6:53 pm CDT

MarketsFarm — Wet weather on the Prairies and U.S. northern Plains has brought downward pressure on ICE Futures canola prices, taking the market off the contract highs hit in early June. Losses in palm oil and soyoil were also bearish. While precipitation, or the potential of it falling over canola-growing […]

By Adam Peleshaty

Jun. 9, 2021 at 6:36 pm CDT

MarketsFarm — As dry conditions remained prevalent across the Canadian Prairies and U.S. northern Plains, despite recent precipitation, the markets were in a struggle between the weather and tightening supplies, according to Winnipeg analyst Wayne Palmer of Exceed Grain. So far for the week of June 7, central and northern […]

By Glen Hallick - MarketsFarm

Jun. 2, 2021 at 7:28 pm CDT

MarketsFarm — Hot and dry Prairie growing conditions helped ICE Futures canola contracts move higher to start the month of June, with weather forecasts likely to dictate where values move over the next few weeks. “We’re going into some very hot temperatures, and we’ll need another dose of rain in […]

By Phil Franz-Warkentin

May. 26, 2021 at 7:59 pm CDT

MarketsFarm — If anything is certain for canola values, it’s that they are going to be swingy for the next while, according to Ken Ball of PI Financial in Winnipeg. Canola bids, especially new-crop, have been on the downswing lately, largely due to precipitation the Prairies recently received. While the […]

By Glen Hallick - MarketsFarm