Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Canadian canola crush hit record in 2023: StatCan
Canola sector anticipates biofuel boom
Renewable fuels could give canola demand ‘unprecedented’ growth
Reading Time: 5 minutes Glacier FarmMedia – Increased demand driven by the biofuels market will put upward pressure on canola prices. The biofuels industry could drive canola demand into uncharted territory in the coming decade, says one industry expert. “The capacity of crush could grow from 11.3 million metric tonnes today to 18 million metric tonnes in three or […] Read more
Canola short position up again in early March
The net speculative short position in canola continued to rise in the first trading days of March, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Canola Council of Canada elects Ritter chair
Two director seats change hands at CCC AGM
Tessa Ritter, who is stakeholder relations manager with Viterra, has been elected chair of the Canola Council of Canada's board of directors.
Making a profit in 2024 could be challenging for farmers
High costs and low commodity prices lead to return of tight margins
Reading Time: 4 minutes Glacier FarmMedia – Farmers can expect tighter margins for the foreseeable future, according to one farm management specialist. “This is not 2022 or even the early parts of 2023; this is a return to historic-type margins,” says Darren Bond, a farm management specialist with the Manitoba government. “I think that profit is still attainable for […] Read more
ICE canola showing signs of stabilizing
Expectations for slightly lower canola acres ahead of StatCan report
The ICE Futures canola market may finally be showing signs of stabilizing after its long downtrend, although the upside could be limited for the time being.
Railways weather few winter woes
Grain shipments on track despite January cold blast
Reading Time: 4 minutes Glacier FarmMedia – At the midway point of the 2023–24 shipping year, grain shipments are moving at a good clip. “In the last 12 to 18 months, we’ve seen some really good performance from both of the railroads,” said Mark Hemmes, president of Quorum Corporation, Canada’s grain monitor. “The exception was the last four or […] Read more
Check your grain bins for spoilage
Reading Time: < 1 minute Several cases of spoiling crops showed up in February, says provincial crops market analyst Neil Blue. “Perhaps the mostly warm temperatures this winter and the January period of record cold temperatures have been a factor,” said Blue. After being placed into storage, crops respire for a month or more, and this can release moisture. Dense […] Read more
Australia wraps up winter wheat/canola harvest
Production beats earlier forecasts, but are still down on the year
Australia’s winter harvest has wrapped up, with wheat and canola production beating earlier forecasts but still down on the year, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).
ICE weekly outlook: Canola seeking a catalyst
Soyoil has been weaker than expected, pressuring canola, analyst says
Canola prices on the Intercontinental Exchange (ICE) went up during the week ended Feb. 28, but signs of upcoming extended rallies are hard to come by.
Cyber-Savvy Farmer
