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Canola

(CNW Group/Legumex Walker)
Canola, Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

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Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola seesaws with StatsCan report

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CNS Canada — ICE Futures Canada canola contracts posted modest losses for the week ended Wednesday, with the January contract falling slightly below the key technical benchmark of $470 per tonne. Still, at least one analyst said he thinks canola is well positioned to climb higher. A bearish Statistics Canada report on Friday pegged canola […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola crush margins hit best levels in months

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CNS Canada –– Canola crush margins have improved considerably over the past few weeks, hitting levels not seen in over six months, as vegetable oil prices rose and the Canadian dollar dropped. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates […] Read more
(Dave Bedard photo)
Canola, Cereals, Corn, Crops, Forages, Machinery, Reuters, Soybeans

U.S. EPA finalizes 2016 renewables target at 18.1B gallons

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New York | Reuters — The U.S. Environmental Protection Agency wants energy companies to blend 18.1 billion gallons (68.5 billion litres) of biofuels into the nation’s fuel supply next year, more than in a proposal laid out in May, it said in announcing final rules on renewables use for 2014-16 on Monday. The EPA’s long-awaited […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Nearby canola trending lower

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CNS Canada –– ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with the nearby January contract hitting its weakest levels in two months, but the more deferred positions seeing some relative strength as the intermonth spreads saw some adjustment. Traders increased their net short positions in the front month from about […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola drops below range

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CNS Canada — ICE Futures Canada canola contracts finished the week ended Tuesday below their recent range, pressured there by a bearish U.S. Department of Agriculture report that sent grain and oilseed markets tumbling across North America. “Technically the chart looks like it is breaking down, we’re underneath the 50-day moving average in the January […] Read more
(File photo courtesy Canola Council of Canada)
Canola, Crops

ICE Canada Weekly Outlook: Canola Stuck In Sideways Range

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Winnipeg/Commodity News Service Canada – ICE Futures Canada canola contracts moved higher during the week ended November 4, bouncing off of nearby support levels. However, the market remains range-bound overall with little to indicate a break outside of that range. “These are just choppy markets,” said Ken Ball, of PI Financial in Winnipeg pointing to […] Read more

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