CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more
StatsCan comes in at low end of expectations for canola
ICE weekly outlook: Canola climbs despite harvest pressure
CNS Canada –– ICE Futures Canada canola contracts finished higher for the week ended Wednesday, posting gains of $9-$10 per tonne despite mounting harvest pressure and large world supplies of vegetable oil. The slumping Canadian dollar, which momentarily reached its lowest point in 11 years during the session, has been a big reason behind canola’s […] Read more
Next StatsCan survey expected to show larger canola, wheat crops
CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent reports. “As the harvest is […] Read more
Canola hailed as a model for value-added processing
Farm Vote: Canola Producers chair says processing of commodities should top Ottawa’s to-do list
Reading Time: 2 minutes Value-added processing has created a stronger canola industry in Canada — and there’s nothing to say it couldn’t work in other commodities as well. “We’ve seen a lot of infrastructure put together in Western Canada to lengthen our value chain here domestically,” said Lee Markert, chair of the Alberta Canola Producers Commission. “For a long […] Read more
Canola crush margins improve
CNS Canada –– Canola crush margins have shown some improvement over the past week, despite rising futures prices, as strength in product values and a weakening Canadian dollar should be boosting the profitability of the domestic crush sector. Crush margins provide an indication of the profitability of the product values relative to the seed cost […] Read more
ICE weekly outlook: Canola looking overpriced
CNS Canada –– ICE Futures Canada canola contracts moved lower in sympathy with CBOT soybeans during the week ended Wednesday, and could have more room to the downside as the Canadian oilseed remains overpriced compared to its U.S. counterpart. The canola premium compared to soybeans is the same now as earlier in the summer, when […] Read more
Poisonous weed found in Alberta canola fields
Devil’s trumpet is highly poisonous, but poses little risk when processed into canola meal or oil
Reading Time: 4 minutes There’s still more questions than answers after a highly toxic prohibited weed was found in canola fields in three counties in north-central Alberta. Devil’s trumpet — also called jimsonweed — has been confirmed in Barrhead, Leduc, and Westlock counties, but how it got there and how widespread the problem is remains a mystery. “It would […] Read more
Canola exports seen moving slower than expected
CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more
ICE weekly outlook: Growers hanging onto supplies
CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the […] Read more
Legumex to sell processing plants, wind down company
Winnipeg | Reuters –– Prairie special crops firm Legumex Walker said Monday it has agreed to sell its pulse and special crop processing plants and expects to sell its U.S. canola-crushing facility, allowing it to wind down the company. Winnipeg-based Legumex plans to sell its special crops division, which includes 14 plants in Canada, the […] Read more