GFM Network News

Canadian canola exports picking up

CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more

Cargill’s new facility near Camrose, which opened last summer, is part of the reason why crush is running at record rates.

Canola crush is thundering along at a record rate this year

Crush production records have been falling like flies, 
and both producers and the wider economy are benefiting

This year’s canola crush is on pace to be the highest ever, which is good news for producers. “It’s great for farmers,” said Renn Breitkreutz, vice-chair of the Alberta Canola Producers Commission. “Our product is in demand and we’ve seen significant investment in crush capacity over the past couple of years and now it seems […] Read more

What is the effect of lower crush margins?

Lower margins suggest canola crushers will reduce production, but that’s not necessarily so

Crush margins have dropped sharply in the last 18 months, but the implications for canola producers aren’t clear, says a provincial crops analyst. Canola crushers don’t disclose their margins, and so the trade estimates a “board” canola crush margin based on ICE Canada canola futures and U.S. futures markets for soybean oil and soybean meal, […] Read more