Reading Time: 2 minutes Agri-food firm Richardson International plans to put up $120 million to dial up the processing capacity of its canola-crushing plant in southern Alberta by over 55 per cent. Privately held, Winnipeg-based Richardson says the new upgrades at its Lethbridge plant are expected to boost its peak annual crush to over 700,000 tonnes of canola per […] Read more
Richardson cranking up canola crush, throughput at Lethbridge
Expansion plans finalized, underway at crush plant
ICE weekly outlook: Canola sees ‘bump in a bear market’
CNS Canada — News that China would delay its implementation of stricter dockage restrictions on Canadian canola shipments gave ICE Futures Canada contracts a boost on Wednesday, but values are still trending lower overall. “It’s a bump in a bear market,” said analyst Errol Anderson of Pro Market Communications in Calgary, on the initial reaction […] Read more
China delays new canola rules in late reprieve for Canada
Beijing | Reuters –– China agreed on Wednesday to delay introducing stricter rules on shipments of canola from Canada while both countries work to end a months-long trade spat over sales of the oilseed, offering an 11th-hour temporary reprieve for Canada’s farmers. Just a day before the new standards were due to go into force, […] Read more
Canadian canola exporters book sales to China
Winnipeg | Reuters — Canadian exporters are making small sales of canola to China under Beijing’s stricter terms, an industry group and three sources said, possibly undermining Ottawa’s hardline negotiating stance with the world’s top market for the oilseed. The dispute over the new shipping standard, which industry groups in the world’s biggest canola exporter […] Read more
China raps Ottawa as dispute over canola exports deepens
Ottawa | Reuters — A dispute over $2 billion worth of Canadian canola exports to China intensified on Thursday when Beijing criticized Ottawa’s insistence that bilateral relations could not improve until the matter is settled. The situation threatens to mar Canadian Prime Minister Justin Trudeau’s visit to China next week. “We oppose linking a concrete […] Read more
ICE weekly outlook: Canola watching China before harvest
CNS Canada — The canola market continues to watch and wait for the Chinese and Canadian governments to resolve a dispute over the amount of dockage allowed in imports of Canadian canola. Until that happens, canola may face growing pressure between now and next week. On Sept. 1, China is scheduled to lower the amount […] Read more
Tisdale drops ‘Land of Rape and Honey’ slogan
Reuters — The Saskatchewan town of Tisdale is no longer the “Land of Rape and Honey,” it said on Monday, as it dropped a slogan that had been a constant source of complaints. The slogan referred to rapeseed, also known as canola, a major product of Tisdale and the surrounding region along with honey. But […] Read more
Wide canola crush margins show no sign of narrowing
CNS Canada –– Canola crush margins remain very wide, and are showing no signs of narrowing back in. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $130 above the November contract, which compares with levels at the same time a year ago of $58. Crush margins provide […] Read more
ICE weekly outlook: Traders watch China, production numbers
CNS Canada –– Two main factors are dominating the ICE Futures Canada canola market, one analyst says, as prices are poised to meet resistance in the near-term. “The market is looking for some signs of resolution around this Chinese dockage situation, and it just continues to bring a lot of uncertainty,” said Jonathon Driedger, market […] Read more
Getting the story straight on straight cutting canola
Pod shatter-tolerant varieties are making straight cutting a more viable option for Alberta canola growers — but it’s not a ‘silver bullet’
Reading Time: 4 minutes One of Canada’s largest seed suppliers is predicting 40 per cent of Prairie canola will be straight cut by 2020. “Last year, only around 11 per cent of acres were straight cut, and we’re saying that in the next four to five years, that’s going to increase by fourfold,” said James Humphris, canola seed and […] Read more