CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the front months and a firmer tone in some of the more deferred positions. The most active January contract lost $5.40 per tonne during the week, while the March contract was only down 40 cents. As a […] Read more
ICE weekly outlook: Canola mixed, watching beans
Three new directors on canola producers’ board
Reading Time: < 1 minute Four directors on the board of the Alberta Canola Producers Commission have been elected by acclamation. Joining the board for their first term will be: John Guelly of Westlock in Region 5 Steve Marshman of Rockyford in Region 8 Dale Uglem of Bawlf in Region 11 Their three-year term will begin at the commission’s annual […] Read more
Canola rangebound, but nearby bias up
Commodity News Service Canada — ICE Futures Canada canola contracts moved up and down during the week ended November 5, but finished mixed overall with gains in the front months and losses in the more deferred positions. While the market appears rangebound for the time being, the nearby contracts still have some more room to […] Read more
China 2014 canola imports seen at record
Beijing / Reuters — China is expected to import a record 5 million tonnes of canola in 2014, a rise of 64 per cent from last year, due to profitable crush margins and lower domestic production, said an official think-tank on Tuesday. China mainly imports canola from Canada. Canada had a record domestic harvest in […] Read more
EU rapeseed crop forecast at new record
Reuters — Crop consultancy Strategie Grains has raised its estimate of the 2014 rapeseed harvest in the European Union to a record 24.0 million tonnes, from 23.8 million last month, mainly due to a rise in yields in Germany, the UK and the Czech Republic. It is the fifth time in a row that the […] Read more
Louis Dreyfus plant may resume canola crushing in 3-7 weeks
Winnipeg / Reuters – Louis Dreyfus Corp’s Canadian canola plant may resume receiving and crushing the oilseed in three to seven weeks, following last week’s explosion and fire, the president of the company’s Canadian unit said on Friday. Brant Randles, president of Louis Dreyfus Commodities Canada Ltd, said the company is working with contractors and engineers on a […] Read more
Few changes expected in Canadian crop area
Commodity News Service Canada — It doesn’t appear there will be any dramatic changes to acreage for most crops next year, says a market analyst for CWB. Bruce Burnett gave some broad estimates for plantings in 2015 at the opening session of the Cereals North America conference in Winnipeg. “My thought is we’re going to […] Read more
Protein demand, fracking affecting grain prices
Commodity News Service Canada — The difficulty in getting American soymeal from processors to the end-user is just one symptom of a much larger problem facing the current market, said a noted industry-watcher at the Cereals North America conference in Winnipeg. “In the last two or three weeks, grain prices have been moving, everything is […] Read more
Prairie canola basis to continue improving
Commodity News Service Canada — Canola basis levels in Western Canada are already looking better than year-ago levels, but they’re expected to continue improving, Bruce Burnett said during a presentation at the Cereals of North America conference in Winnipeg. Ending stocks in 2014/15 are predicted at around 911,000 tonnes by CWB, as demand remains strong […] Read more
Scoular to source canola, sell output for Legumex’s U.S. crusher
Grain trading firm The Scoular Co. is set to start feeding canola to Prairie special crop processor Legumex Walker’s crushing facility near the U.S. West Coast — and to market the plant’s production. Winnipeg-based Legumex on Monday announced a “long-term strategic alliance” with Scoular, in which Scoular will procure all canola seed for processing at Legumex’s […] Read more