GFM Network News

(Photo courtesy Canola Council of Canada)

Canadian canola crush sets new monthly record

MarketsFarm — Canadian oilseed crushers set a new monthly record for processing canola in December 2019, crushing 899,301 tonnes of the crop during the month, according to the latest data from Statistics Canada. The crush pace was up by 70,000 tonnes from November and compares with the previous record of 882,301 tonnes, set just two […] Read more

ICE November 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola watching pre-harvest weather

MarketsFarm — ICE canola futures held rangebound during the week ended Wednesday, with uncertainty over new-crop production likely to keep some caution in the market over the next few weeks. “Canola is very attractively priced right now,” said Ken Ball of PI Financial in Winnipeg, noting crush margins have improved significantly in recent weeks to […] Read more

(Photo courtesy Canola Council of Canada)

Declining canola crush margins start to be felt

CNS Canada –– Declining canola crush margins are finally starting to be felt in the Canadian processing sector. The weekly crush pace took a hit, in the latest report from the Canadian Oilseed Processors Association. Domestic crushers processed only 126,917 tonnes of canola during the week ended Wednesday, according to COPA data. That figure represents […] Read more