CNS Canada –– Declining canola crush margins are finally starting to be felt in the Canadian processing sector. The weekly crush pace took a hit, in the latest report from the Canadian Oilseed Processors Association. Domestic crushers processed only 126,917 tonnes of canola during the week ended Wednesday, according to COPA data. That figure represents […] Read more
Declining canola crush margins start to be felt
Bunge resumes canola crushing after fire, soy line down
Reuters — Agrifood firm Bunge Ltd. restarted canola processing at its Hamilton, Ont. plant late Thursday after a fire, spokeswoman Deb Seidel said Friday. She said the plant will resume soybean processing after the investigation into the fire is complete and water is cleaned up. There were no injuries, she said. According to Hamilton’s fire […] Read more
Fire damages Bunge’s Hamilton crush plant
Fire officials in Hamilton, Ont. estimate a fire in a soybean drying unit at Bunge’s oilseed crush plant has caused about $20,000 in damages. The city’s fire department on Thursday said multiple fire crews responded to a report of a fire at the Bunge plant at about 12:40 p.m. The fire, officials said, broke out […] Read more
ICE weekly outlook: Canola drifts downward in rangebound trading
CNS Canada –– ICE Futures Canada canola contracts chopped around in sideways trading during the week ended Wednesday, before settling slightly lower. Activity was volatile with values generally staying within a $10 range, analysts said. Gains in the U.S. soy complex were responsible for much of the support canola saw over the five-day period, along […] Read more
ADM to upgrade crush plants for soy
Archer Daniels Midland plans to get ahead of increased soy acreage on the Prairies by upgrading two crushing plants to handle more soybeans. The U.S. agrifood firm said Monday it will upgrade its processing plant at Enderlin, N.D., about 80 km southwest of Fargo, to crush soybeans as well as canola and sunflower seed. At […] Read more
ICE weekly outlook: Canola rangebound, watching acreage
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, but finished the week well off of their nearby lows as some support was uncovered to the downside. Barring a surprise in Statistics Canada’s planting intentions report, due out Thursday, canola futures are looking rangebound for the time being. Fund […] Read more
U.S. regulators may recommend testing food for glyphosate residues
Reuters — U.S. regulators may start testing food products for residues of the world’s most widely used herbicide, the Environmental Protection Agency told Reuters on Friday, as public concern rises over possible links to disease. Glyphosate, the active ingredient in Roundup herbicide, has come under intense scrutiny since a research unit of the World Health […] Read more
Beekeepers bank on biodiversity in pasture lands
Canola is a great source of pollen and nectar — but only for one month of the year
Reading Time: 2 minutes As the Alberta countryside gets eaten up by field crops, pastures are becoming a “safe haven” for field crop pollinators. “Bees spend maybe a month sitting in a canola field, and in that month, they have adequate supplies of pollen and nectar from the canola,” said Adam Ovinge, a beekeeper from Granum. “The problem is […] Read more
ICE weekly outlook: Canola treads water waiting for news
CNS Canada — ICE Futures Canada canola futures moved slightly higher during the week ended Wednesday, as values stayed mostly rangebound amid a dearth of fresh fundamental news. “The open interest is going down because the funds have been liquidating their positions; down under 10,000 contracts,” said analyst Wayne Palmer of Agri-Trend Marketing in Winnipeg,. […] Read more
ICE weekly outlook: Rangebound canola could go either way
CNS Canada –– ICE Futures Canada canola futures moved lower during the week ended Wednesday, but remain stuck in the same wide range they’ve been in for the past month. The technical trend is starting to point lower, but the possibility of a seasonal bounce is also still there. From a chart standpoint, both the […] Read more