CNS Canada — Canadian canola crushers saw their second busiest week ever during the week ended Wednesday, according to the latest data from the Canadian Oilseed Processors Association. The canola crush in the latest weekly reporting period came in at 204,820 tonnes, only slightly off the record of 208,268 tonnes hit in March. A total […] Read more
Canada’s weekly canola crush tops 200,000 tonnes
ICE weekly outlook: Canola looks to USDA for direction
CNS Canada — The canola market continues to chop around in its recently-established range of $490-$500 per tonne, but a looming U.S. Department of Agriculture report could change that, according to an industry analyst. “That (USDA supply and demand report) is going to be the driver,” said Keith Ferley of RBC Dominion Securities in Winnipeg. […] Read more
Unilever spreads business whets private-equity appetite
London | Reuters — Anglo-Dutch consumer group Unilever has invited private-equity bidders to submit tentative offers for its US$8 billion margarine and spreads business by a deadline of Oct. 19, two sources close to the matter told Reuters. The business includes the brands Stork and Flora, the latter of which is sold under the name […] Read more
ICE weekly outlook: Canola flat, awaiting spark
CNS Canada — ICE Futures Canada canola contracts held within a narrow $5 range over the past week, lacking any significant fundamental news one way or the other as market participants look for direction. “There’s just no news in the market,” said analyst Wayne Palmer of Agri-Trend. He thought prices would eventually move higher, but […] Read more
Canola crush margins half of year-ago level
CNS Canada — Canola crush margins in Western Canada are at about half the level as seen at the same point a year ago. As of Monday, the Canola Board Crush Margin calculated by ICE Futures Canada was about $56 above the November contract, which compares with levels a month ago of roughly $71. At […] Read more
ICE weekly outlook: Canola facing uphill climb
CNS Canada — Bearish headwinds facing the canola market may have gotten slightly worse, after the U.S. Environmental Protection Agency announced it was considering cuts to biofuel requirements in U.S. fuel. The EPA said Tuesday it was looking for feedback on proposed reductions to the renewable fuel obligations in the 2018 and 2019 Renewable Fuel […] Read more
Proper grain storage pays off
Getting grain to proper temperature and moisture levels is just the first step — constant monitoring is also vital
Reading Time: 4 minutes A grain producer’s hard work doesn’t end at harvest. “A tremendous amount of work goes into getting that crop to the point where you can actually put it in storage,” said Brent Elliott, infestation control and sanitation officer at the Canadian Grain Commission. “And once they’ve put it in storage, the common thought is, ‘OK, […] Read more
ICE weekly outlook: Canola rangebound, watching harvest
CNS Canada — Canola futures moved steadily higher over the course of the week ended Wednesday, but remain firmly entrenched in a sideways trading range as seasonal harvest pressure continues to limit the upside. “Most of the markets are still just killing time… everybody is just monitoring things to see where they go next,” said […] Read more
Prepare this fall to manage blackleg in canola next spring
A new diagnostic test will make it easier for producers to match the right kind of blackleg-resistant seed to the specific race in their fields
Reading Time: 3 minutes There are things you can do this fall to reduce your risk of blackleg next spring — and the first step is to scout for it. “The more you can identify it, the more you’re going to know whether you’re successful at controlling it,” said Clint Jurke, agronomy director for the Canola Council of Canada. […] Read more
Canadian canola deliveries reported near record
CNS Canada — Canola remains the cash-flow king of the Prairies, with farmers making near record deliveries off the combine in the Canadian Grain Commission’s latest weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third highest single week […] Read more