Winnipeg | Reuters — Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production topped last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The industry expects, on average, all-wheat […] Read more
Canadian wheat, canola crops seen weathering snow
ICE weekly outlook: Farmers look for rallies
CNS Canada — As the last remaining days of harvest tick down, farmers are beginning to look for rallies to sell into, according to an analyst in the market. “The farmer continues to struggle out there, but seems content to sell into the rallies. I don’t think they’re selling into the breaks,” said Keith Ferley […] Read more
Canola oil can help trim inches off the waist
Researchers found a significant decrease of belly fat in a clinical trial of obese subjects who included canola oil in their diets
Reading Time: 2 minutes Canola oil can help reduce belly fat, a new study has found. About 20 per cent of adults in Canada have metabolic syndrome, a cluster of conditions — including belly fat — that increase the risk of heart disease, stroke and diabetes. Researchers at the University of Manitoba, Laval University, and Penn State University tested […] Read more
Canola nearing chart resistance
CNS Canada –– ICE Futures Canada canola contracts have trended higher for the past two weeks, with a rally in Chicago Board of Trade soyoil providing an added boost on Wednesday. While the nearby technical signals may be pointing higher, canola is also nearing major chart resistance. The January contract closed Thursday at $527.40 per […] Read more
ICE weekly outlook: Traders look to StatsCan, U.S. veg oil
CNS Canada — With questions about the size of Western Canada’s canola crop remaining, ICE Futures Canada traders are looking to an upcoming Statistics Canada report for indications on where to move next. Sharp advances in the Chicago Board of Trade soyoil market underpinned canola on the week, and investors are waiting to see if […] Read more
Canola crush hits new weekly record
CNS Canada — Canadian canola crushers hit a new weekly record during the second week of November, processing more than 200,000 tonnes of canola for the first time ever. The canola crush during the week ended Wednesday came in at 203,951 tonnes, according to the most recent Canadian Oilseed Processors Association report. The previous record […] Read more
ICE weekly outlook: Rangebound canola watches U.S., China
CNS Canada –– ICE Futures Canada canola contracts find themselves trading within a rather narrow range, with a downturn more likely than a move higher in the near term. “We have a bull and a bear that are yanking each other right now, and (canola) is quite flat,” said analyst Errol Anderson of ProMarket Communications […] Read more
Dan Doll and Mike Ammeter acclaimed to canola board
Reading Time: < 1 minute Two producers have been acclaimed to serve on the board of the Alberta Canola Producers Commission. Dan Doll of Fairview will replace Kelly McIntyre in Region 1 while Mike Ammeter of Sylvan Lake will replace Terry Young in Region 7. Region 4 will see an election between John Mayko of Mundare and Kris Klammer of […] Read more
Canada’s canola meal sales to China at five-year high
Winnipeg/Beijing | Reuters –– Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest. Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments […] Read more
Grains sector continues to welcome transport legislation
CNSC – Accolades from producer groups and others in the grain industry continue to roll in for the federal government’s upcoming transportation legislation. The planned measures were outlined this week by Marc Garneau, the federal transportation minister, in a speech in Montreal. The new legislation will allow reciprocal penalties in service level agreements between railway […] Read more