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Canola

(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola exports seen moving slower than expected

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CNS Canada –– Sales of canola out of the world’s top canola-exporting country are moving slower than merchants had anticipated — and market watchers attribute Canada’s sluggish pace to high prices and low global demand. “The export story right now is quiet,” said Peter Schutz, canola merchant at Richardson International, attributing it to a lack […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Growers hanging onto supplies

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CNS Canada — ICE Futures Canada canola contracts chalked up gains for the week ended Wednesday, as farmers hung onto supplies in the quest to draw out better prices. The January canola contract was the most consistent mover, finishing higher for the seventh consecutive session on Wednesday. Either “producers are not selling it or the […] Read more
(Photo courtesy ARS/USDA)
Canola, Crops, Fruit/Vegetables, Reuters, Spring Wheat

U.S. court finds EPA wrong to approve sulfoxaflor over bee risks

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Reuters — A U.S. appeals court ruled on Thursday that federal regulators erred in allowing an insecticide developed by Dow AgroSciences onto the market, canceling its approval and giving environmentalists a major victory. The ruling by the U.S. Court of Appeals for the Ninth Circuit, in San Francisco, is significant for commercial beekeepers and others […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola cash basis levels weaken as harvest rolls along

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CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more
November ICE canola for week of Aug. 28 to Sept. 4, 2015. (Barchart.com)
Canola, Crops, Markets

Canola charts pointed lower

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CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more
A jimsonweed bloom. (Patrick J. Alexander photo courtesy USDA-NRCS Plants Database)
Canola, Crops

Jimsonweed not a threat to canola oil, meal safety

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Canada’s canola oil and meal will remain safe to consume even if some jimsonweed seeds end up in it, according to Curtis Rempel, vice-president of crop production and innovation at the Canola Council of Canada (CCC). “While jimsonweed itself can be poisonous, the heating process in canola oil and meal processing denatures toxic alkaloids, so […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola may drop more

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CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Soybeans

East’s biggest oilseed crusher goes to Viterra

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Eastern Canada’s biggest oilseed processing plant is poised to become part of Canada’s biggest grain handler. Regina-based Viterra announced last week it has signed a deal to buy the shares of Twin Rivers Technologies-Entreprises de Transformation de Graines Oleagineuses du Quebec, or TRT-ETGO, whose main asset is its canola and soybean crushing and refining plant […] Read more

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