Winnipeg | CNS Canada — As China’s consumption of higher-protein foods continues to grow, so too does its selectiveness for which oilseeds it will pursue on the open market. So far, it’s a race canola does not seem to be winning. “The big demand factor in China is protein, rather than vegetable oil,” said Felix […] Read more
Chinese protein preference becoming big obstacle for canola
ICE weekly outlook: Canola looks to soyoil wildcard
CNS Canada –– ICE Futures Canada canola bounced around within a rather wide range over the course of the week ended Wednesday, but could head higher if it gets help from U.S. soyoil. “The wildcard here is the (soy)bean oil market,” said Ken Ball of PI Financial in Winnipeg. While Chicago Board of Trade soyoil […] Read more
China’s Cofco seeks larger Canadian canola volumes
Winnipeg | Reuters — State-owned Chinese agribusiness Cofco Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. Cofco opened its Canadian trading office in […] Read more
Record weekly canola exports reported
Winnipeg | CNS Canada – Canada exported the most canola in a single week ever during the week ended November 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year of […] Read more
THE GOLDEN CROP: The story for canola keeps getting better
Near-record crush and increasing global demand show that canola’s successful run is far from over
Reading Time: 4 minutes Canola is king across Alberta — and there’s no reason to think it won’t have a long and healthy reign. “Canola offers a leading and consistent mix of superior agronomics and strong demand,” said Greg Kostal, president of Kostal Ag Consulting. “Yeah, it has its ups and downs, and there’s little micro-reasons for it. But […] Read more
ICE weekly outlook: Canola trending higher
CNS Canada — ICE Futures Canada canola contracts continued their steady upward trend during the week ended Wednesday, posting their highest daily settlements since July. Continued strength is possible, but those gains will depend on activity in the Canadian dollar and the U.S. soybean market. “There’s a firm tone in canola,” said Errol Anderson of […] Read more
Lots of expert advice on offer
First events take place on Nov. 14 in Lacombe and Vermilion
Reading Time: < 1 minute This year’s Alberta Canola’s Powering Your Profits events feature experts in marketing (Greg Kostal, Mike Jubinville, Dave Gallant, Janelle Whitley, Brian Voth); agronomy (Ian Epp, Murray Hartman, Dan Orchard, Bruce Gossen, Neil Harker, Breanne Tidemann, Tom Wolf, Brittany Hennig, Clint Jurke, Scott Meers, Gregory Sekulic); management (Merle Good); taxes (Rob Strilchuk, Colin Miller & Ebony […] Read more
ICE weekly outlook: Canola enjoying broad-based support
CNS Canada –– ICE Futures Canada canola contracts are benefiting from developments down south. The U.S. Commerce Department on Monday imposed antidumping duties on biodiesel imported from Argentina and Indonesia. The department claimed the fuel was being sold at prices below market value in the U.S. The move was enough to lift soyoil in the […] Read more
TOUGH MEASURES: Some counties taking zero-tolerance stand on clubroot
Destroying a canola crop is a last resort, but some counties say it’s necessary — and one took that step this spring
Reading Time: 5 minutes Some Alberta counties are taking a zero-tolerance approach to clubroot — and canola growers are learning the hard way that they mean business. “Our policy basically states that if you have clubroot, you cannot seed that land back to canola for four years,” said Steve Upham, reeve for the County of St. Paul. “We were […] Read more
ICE weekly outlook: Seasonal uptrend possible for canola
CNS Canada — ICE Futures Canada canola contracts trended higher over the past month, but appear to be running into resistance from a chart standpoint. Seasonal price trends, however, should see values continue their uptrend over the next month. The most-active November contract has now traded above the $500 per tonne level for five straight […] Read more