ICE weekly outlook: Rain in Argentina could provide direction

CNS Canada — ICE Futures Canada canola contracts finally broke through the psychologically-important $500 per tonne mark during the week ended Wednesday. That could be a fleeting achievement, however, depending on the chances for rainfall in Argentina and the next U.S. Department of Agriculture report. “If rain comes, soybeans could go down to US$9.60 a […] Read more


(Mark Wilson photo courtesy Louis Dreyfus Co.)

Producers lose transparency with end of weekly crush report

CNS Canada — Canada’s grains industry found itself shocked when the Canadian Oilseed Processors Association (COPA) announced Friday it would stop publishing its weekly report on member crushings. “I loved that report. In Western Canada, or Canada in general, I think any reports that give you kind of a weekly snapshot of what’s happening in […] Read more

Country Guide in 2014 profiled Milligan Biofuels, whose Foam Lake, Sask. facility is shown here with the company’s first executive manager, local farmer Zenneth Faye. (Photo for Country Guide by Carol’s Photography)

Canola biodiesel processor in receivership

An eastern Saskatchewan biodiesel processor using growers’ heated, green, spring-harvested, tough and otherwise off-spec canola for feedstock is in receivership. Saskatchewan Court of Queen’s Bench on Thursday appointed Calgary-based insolvency trustee Hardie and Kelly as the receiver for Milligan Biofuels, which operates at Foam Lake, about 90 km northwest of Yorkton. Alberta’s Crown lending agency […] Read more





Canola south of Ethelton, Sask. on Aug. 3, 2017. (Dave Bedard photo)

Canola ‘streaming’ firm eyes mortgage business

A Saskatchewan company that offers farmers cash up front for canola to be grown later is now tentatively bringing its model to the farm mortgage business. Input Capital, which sources canola from Prairie growers through multi-year “streaming” contracts, announced Tuesday it has launched a “mortgage stream” as a pilot project. Input, which set up in […] Read more

ICE weekly outlook: Canola creeps toward $500

CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more