Short Covering Lifts Canola

Feb 06, 2020

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

Video: Dicamba Returns for Georgia Farmers: What the New EPA Ruling Means for Cotton Growers

After being unavailable in 2024 due to registration issues, dicamba products are returning for Georgia farmers this growing season — but under strict new conditions.

In this report from Tifton, Extension Weed Specialist Stanley Culpepper explains the updated EPA ruling, including new application limits, mandatory training requirements, and the need for a restricted use pesticide license. Among the key changes: a cap of two ½-pound applications per year and the required use of an approved volatility reduction agent with every application.

For Georgia cotton producers, the ruling is significant. According to Taylor Sills with the Georgia Cotton Commission, the vast majority of cotton planted in the state carries the dicamba-tolerant trait — meaning farmers had been paying for technology they couldn’t use.

While environmental groups have expressed concerns over spray drift, Georgia growers have reduced off-target pesticide movement by more than 91% over the past decade. Still, this two-year registration period will come with increased scrutiny, making stewardship and compliance more important than ever.