COPA ends weekly canola, soybean crush reports

CNS Canada — The Canadian Oilseed Processors Association (COPA) announced Friday it will stop publishing its weekly report on member crushings.

The report detailed how much canola and soybeans were crushed in Canada. The report was issued weekly and followed by different industry professionals across the country.

Ken Ball of PI Financial in Winnipeg was sorry to hear about the loss of the weekly report when contacted Friday.

“I’ll certainly miss them, that’s for sure. We do follow those pretty closely on a weekly basis and in Canada in general we have a dramatically less amount of timely, current, pertinent information compared to what we get on the U.S. markets from the (U.S. Department of Agriculture) and other sources,” he said.

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COPA said crushing data will still be available through Statistics Canada’s annual and monthly statistics. COPA will also continue to release updates on a monthly basis.

According to Ball, it was one of the few timely reports to which the Canadian grains industry had access.

“Lots of the other information we do get is weeks or months old by the time we get it and makes it much less useful, so it’s a shame to lose that,” he said.

Domestic usage reports from the Canada Grains Council are released, but Ball said he liked having the weekly reports from COPA to keep a much closer tab on fluctuations in the crush margins.

A notice attached to COPA’s report for the week ended Wednesday stated any questions about the discontinuation could be directed to COPA executive director Chris Vervaet.

COPA’s Winnipeg office, when contacted Friday, said Vervaet was out of office and unable to answer questions until Monday.

— Ashley Robinson writes for Commodity News Service Canada, a Glacier FarmMedia company specializing in grain and commodity market reporting. Follow her at @AshleyMR1993 on Twitter.

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Ashley Robinson - MarketsFarm

Ashley Robinson writes for MarketsFarm specializing in grain and commodity market reporting.

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