oilseed Archives | Alberta Farmer Express

A pair of Bombardier C series jets. (Bombardier.com)

U.S. lawmakers to propose tax credit for sustainable aviation fuel

Fuel from plant oils, animal fats would qualify

By David Shepardson, Stephanie Kelly, GFM Network News May 20, 2021

New York | Reuters — U.S. lawmakers plan to introduce a bill on Thursday that would create a tax credit for lower-carbon sustainable aviation fuel, which they hope will slash emissions of greenhouse gases from the aviation industry. The legislation, seen by Reuters, would impose a tax incentive of up to US$2 for every gallon […] Read more

Kyle Jeworski, Viterra’s CEO for North America, speaks in a December 2020 promotional video announcing the company’s worldwide rebranding. (Viterra video screengrab via YouTube)

Canola, Crops, Markets

Viterra plans major canola crusher for Regina

Expected capacity would make facility largest in world

By Dave Bedard, GFM Network News April 26, 2021

Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola crush facility” in the northeast […] Read more

Crops, Markets

Sunflower seed market falls back to Earth

By Adam Peleshaty, GFM Network News March 2, 2021

MarketsFarm — Sunflower growers in Canada took off a bumper crop in 2020, almost hitting the 100,000-tonne mark for the first time since 2010. The forecast for this year’s crop isn’t as sunny. Agriculture and Agri-Food Canada’s latest outlook, released earlier this month, predicts the national sunflower seed crop in 2021 at 75,000 tonnes off […] Read more

Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

Canola, Crops, Markets, Soybeans

October crush numbers up, canola record set

By MarketsFarm Team, GFM Network News November 25, 2020

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous record of 899,331 tonnes set […] Read more

Crops, Markets, Reuters

Bunge lifts outlook as quarterly profit nearly doubles

By Arunima Kumar, Karl Plume, GFM Network News October 29, 2020

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more

File photo of a sunflower crop in Manitoba. (MysticEnergy/Getty Images)

Crops, Markets, Weather

Bigger sunflower crop expected for 2020

By Phil Franz-Warkentin, GFM Network News May 15, 2020

MarketsFarm — Canada will likely see its largest sunflower crop in a number of years in 2020 if weather conditions co-operate, as good end-user demand and solid returns for growers generate increased interest in the crop. Canadian farmers intend to seed 104,400 acres of sunflowers this spring, which would be up 36 per cent on […] Read more

Canola, Crops, Markets, Soybeans

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

By Glen Hallick - MarketsFarm, GFM Network News April 9, 2020

MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7 […] Read more

CBOT March 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat fall as coronavirus spreads

By Mark Weinraub January 31, 2020

Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said. The losing streak marks the longest for the most-active soybean futures contract since a 10-day stretch that […] Read more

File photo of fields during monsoon in India. (Shubham Singh/iStock/Getty Images)

Crops, Markets, Pulses, Weather

Pulse weekly outlook: India pulse estimates improve

By Glen Hallick - MarketsFarm January 14, 2020

MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] Read more

File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

Crops, Markets

Palm oil 101: Sought-after crop holds sway over oilseed trade

By Phil Franz-Warkentin - MarketsFarm December 31, 2019

MarketsFarm — Palm oil may be grown halfway around the world in conditions much different than on the Canadian Prairies, but the outsized influence of the crop on world oilseed markets makes it an important factor to watch when considering canola prices. Indonesia and Malaysia are the world’s largest producers of the crop, with futures […] Read more

Canada to lift more border restrictions in weeks to come, Trudeau says

ICE weekly outlook: Weather, carryout support canola

U.S. grains: Wheat rallies on Plains weather concerns

GFM Network News