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
China’s Cofco seeks larger Canadian canola volumes
Keep up to date on cash advances
Reading Time: < 1 minute Want to check on your cash advance? You can do it online either at the Canadian Canola Growers Association website or on a mobile app (free at Apple’s App Store or Google Play). Advances are available to any Canadian citizen or permanent resident of Canada, and corporations, co-operatives and partnerships are also eligible. Farmers receive […] 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
TPP talks without U.S. near final stretch
Urayasu, Japan | Reuters — The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged toward sealing a comprehensive free trade pact after New Zealand agreed to amend laws that are not subject to TPP, to enable its ban on foreign home purchases. The pact aims to eliminate tariffs on industrial […] Read more
How will federal tax changes affect you?
Reading Time: < 1 minute Alberta’s canola, wheat, barley, and pulse commissions are hosting a free breakfast at Agri-Trade on Nov. 9. at the Sheraton Hotel. Also on the menu will be a presentation on the federal Liberals’ proposed tax changes and the potential impact on farmers by Dean Gallimore, a retired partner from KPMG LLP in Lethbridge. Gallimore spent […] Read more
Canada’s weekly canola crush tops 200,000 tonnes
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
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
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
Prairie canola, soy now in Cargill ProPricing portfolio
Canola and soybean growers in Western Canada are now able to get in on Cargill’s ProPricing grain marketing program for the 2017-18 season. The U.S. agrifood company’s Winnipeg-based Canadian arm announced Sept. 14 it would offer its first-ever canola contract in its ProPricing portfolio, allowing eligible growers to hand off a portion of their canola […] Read more