Farms.com Home   News

Short Covering Lifts Canola

Canola futures posted solid gains on Wednesday, recovering off of nearby lows for the third-straight session as speculators covered short positions in the oversold market.
 
Gains in Chicago soyoil and a slightly softer tone in the Canadian dollar contributed to the strength in canola. However, soyoil finished off its highs for the session, and soybean futures held closer to unchanged.
 
Canadian canola stocks, as of Dec. 31, 2019, were estimated at 14.3 million tonnes by Statistics Canada. The supplies were down 2.4% compared to the previous year, but did not account for fields left unharvested this past fall. The uncertainty over how much canola will still be harvested in the spring muted the impact of the stocks data on the futures, according to participants.
Source : Syngenta

Trending Video

Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!

Video: Demco Dual Aguer Grain Carts — Fire Safety Systems, Right or Left-Handed Unload, and More!


Demco's dual auger grain cart is designed for unloading efficiency, operator visibility, and safety in the field.

This dual-auger design features both an unload auger and a floor auger for enhanced grain cleanout and consistent flow, and the 22-inch unload auger is capable of moving up to 600 bushels per minute.

Farmers can also choose between right or left-handed unload options—right-handed unload improves visibility from the tractor cab. A new design allows both vertical and horizontal movement for precise grain placement during unloading.

Another key feature is the built-in fire safety system; a 300-gallon onboard water tank with a hose reel that provides field-ready fire suppression capability.

These dual auger grain carts are available in 1100, 1300, 1500, 1700, and 2200 bushel sizes.