Reading Time: 2 minutes The Imperial Strathcona Refinery in Alberta is receiving a 12 per cent tax credit for its $720 million under-construction canola-based renewable diesel facility that is said to need millions of tonnes of canola seed per year. The credit comes from the Province of Alberta’s Agri-Processing Investment Tax Credit, which offers a 12 per cent non-refundable […] Read more
Renewable diesel facility to run on Alberta canola
Imperial receives 12 per cent tax credit for Strathcona-based agri-processor
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
Renewable diesel demand expected to soar in next two years
Canola production poised to jump as new facilities come on stream in next two years
Reading Time: 4 minutes Renewable diesel production is poised to take off in the next five years and the coming boom is great news for canola growers, says the Canadian Oilseeds Processors Association. “For canola crush, in terms of possible capacity growth in the years to come, we could see almost six million tonnes of increased capacity based on […] Read more
Expanded crush plant will gobble up another million tonnes of canola
Richardson expansion in Yorkton, Sask., is good for the entire canola sector, says Winnipeg company
Reading Time: 2 minutes A major expansion of a Richardson International crushing plant in Saskatchewan is expected to see another one million tonnes of canola processed on the Prairies annually. “The global outlook for Canadian canola oil is promising, and this latest investment emphasizes our ongoing commitment to best-in-class facilities,” said Darrell Sobkow, the company’s senior vice-president for processing, […] Read more
Richardson pullout roils canola sector
Alberta Canola backs council, saying its marketing efforts and agronomic support are key to canola’s success
Reading Time: 3 minutes Richardson International’s decision not to renew its membership means a big financial hit for the Canola Council of Canada, but it could have been even worse. According to several reliable sources, Viterra had planned to leave too, but changed course — possibly because of a big cut in membership fees. Losing Canada’s two biggest grain […] Read more
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 […] Read more
Canola market dips to rally, heat stress hits wheat crops
CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders […] Read more
Canola crushers running at full steam
CNS Canada — Canadian canola crushers showed no signs of slowing down their record pace over the Christmas and New Year’s holidays, with the weekly crush topping 200,000 tonnes for only the second time ever. The canola crush during the week ended Wednesday came in at 200,294 tonnes, according to the most recent Canadian Oilseed […] Read more
Weekly canola crush hits best level in over two months
CNS Canada –– Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Wednesday climbed to 82.8 per cent, which compares with only 66.9 per cent the previous week, according to the latest report from the Canadian Oilseed Processors […] Read more
Canola crush margins still solid near $100
CNS Canada — Canola contracts on the ICE Futures Canada platform have traded within a wide range over the past month, but crush margins continue to hover around the $100 mark. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also […] Read more
Cyber-Savvy Farmer
