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(Photo courtesy Canola Council of Canada)

Canadian canola crush sets new monthly record

By MarketsFarm Team, GFM Network News January 25, 2020

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 Futures March 2020 canola with 20- and 50-day moving averages. (Barchart)

Canola, Crops, Markets

High stocks-to-use ratio weighs on canola

By Marlo Glass – MarketsFarm January 24, 2020

MarketsFarm — The Canadian canola stocks-to-use ratio was over 20 per cent at the end of 2019 — significantly higher than the five-year average of 13.4 per cent. “That’s part of the reason why we’re seeing downward pressure on canola prices,” Craig Klemmer, chief agriculture economist for Farm Credit Canada (FCC), explained during his presentation […] Read more

Canola, Crops, Markets, Soybeans

Large funds back on short side in soybeans

By Phil Franz-Warkentin January 24, 2020

MarketsFarm — Large fund traders have moved back to the short side in soybeans while only making small adjustments in canola, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came in Tuesday at 20,366 contracts on […] Read more

An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. Merit also recently picked up support from research “supercluster” Protein Industries Canada to help further develop pea and canola proteins. (Meritfoods.com)

Canola, Crops, Peas, Reuters

Nestle to source plant proteins from Winnipeg

By Rod Nickel, Silke Koltrowitz January 24, 2020

Winnipeg/Zurich | Reuters — Food company Nestle SA said on Friday it has teamed up with small Canadian plant-based food ingredient makers Burcon and Merit Functional Foods, the second such supply agreement this month that targets Canadian crops. Meat substitutes from plants in burgers, nuggets and many other foods are a fast-growing industry, driving up […] Read more

ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

By Glen Hallick January 23, 2020

MarketsFarm — ICE Futures canola traders have been keeping a close eye on this week’s extradition hearings for Huawei executive Meng Wanzhou in Vancouver. The hearing is to determine whether Meng will be extradited to the U.S., which requested her arrest by Canadian authorities in December 2018. China, in the wake of that arrest, detained […] Read more

Canola, Crops

CGC revises domestic canola usage downward

By Phil Franz-Warkentin January 17, 2020

MarketsFarm — Domestic canola demand remained well ahead of exports in the latest Canadian Grain Commission report for the week ended Sunday — but revisions to data now show the crush pace is not quite as active as reported earlier in the month. The original data for the week ended Jan. 5 showed domestic disappearance […] Read more

Canola, Crops, Markets

Funds shift to long side in soybeans, covering canola shorts

By Phil Franz-Warkentin January 17, 2020

MarketsFarm — Fund traders moved to a small net long position in soybeans and reduced their overall short position in canola during the second week of January, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). The net managed money short position in ICE Futures canola came […] Read more

Corteva Agriscience, which spun off from the merged Dow and DuPont in 2019, got its canola seed breeding lab and research station in Saskatoon from the Dow AgroSciences end of the merger. (Video screengrab from Corteva.ca)

Canola, Crops

Supercluster backing canola protein production

By GFM Staff January 16, 2020

The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for […] Read more

ICE March 2020 canola with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola off highs, rangebound

By Phil Franz-Warkentin January 15, 2020

MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade deal signed Wednesday between the U.S. and China failed to give the grain and oilseed markets a boost, as the vague details of the actual […] Read more

Canola, Crops

DeKalb pulls two ‘inconsistent’ canolas off market

By GFM Staff January 15, 2020

Up against an “inconsistency of grower experiences” with the seeds’ yields in 2019, Bayer Canada is yanking two of its DeKalb TruFlex canola hybrids from the market. DeKalb’s DKTF 92 SC and DKTF 94 CR will not be available for 2020, Bayer said. Canola growers who have already booked those seeds for this spring are […] Read more

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Canola

Canadian canola crush sets new monthly record

High stocks-to-use ratio weighs on canola

Large funds back on short side in soybeans

Nestle to source plant proteins from Winnipeg

ICE weekly outlook: Don’t expect China to buy if Huawei exec goes free

CGC revises domestic canola usage downward

Funds shift to long side in soybeans, covering canola shorts

Supercluster backing canola protein production

ICE weekly outlook: Canola off highs, rangebound

DeKalb pulls two ‘inconsistent’ canolas off market

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