(PortMetroVancouver.com)

Canada shuts ports to Russian ships over Ukraine invasion

Russian firms' Canadian holdings also under scrutiny, Freeland warns

Toronto | Reuters — Canada ratcheted up pressure on Russia for its invasion of Ukraine by shutting ports to Russian-owned ships and saying on Tuesday that holdings of all Russian oligarchs and companies in the country are under review. Canada has announced a slew of measures to isolate Russia, including imposing sanctions on Russian President […] Read more

ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

ICE weekly outlook: Canola finding plenty of support

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more


(Richardson International video screengrab via YouTube)

Richardson crush plant staff ward off strike vote

Unionized staff at Lethbridge vote to ratify new contract

Unionized staff at Richardson International’s canola crush plant at Lethbridge have voted for six years’ labour peace rather than proceeding toward a strike vote. The 140-odd workers, represented by United Food and Commercial Workers (UFCW) Local 401, voted Feb. 1-2 on a new proposal from the company after voting 79 per cent in December to […] Read more

ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

ICE weekly outlook: Rangebound canola market consolidating

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said, […] Read more



(Dave Bedard photo)

StatsCan confirms tight grain and oilseed stocks

Canadian corn stocks up on year

MarketsFarm — Canada’s tight supplies of canola, wheat and other crops following the 2021 Prairie drought received more confirmation from Statistics Canada with the release of updated stocks data on Tuesday. Canola stocks, as of Dec. 31, 2021, of 7.6 million tonnes were down 43 per cent from the previous year and the tightest since […] Read more



(Richardson International video screengrab via YouTube)

Richardson crush plant workers to vote on new offer

UFCW team endorses latest offer

Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. will vote Tuesday and Wednesday on a new offer from the company after rejecting a previous proposal. United Food and Commercial Workers (UFCW) Local 401 announced Tuesday (Jan. 25) its negotiating committee “fully endorses” the new offer after the company’s Richardson Oilseed division “enhanced […] Read more



(Dave Bedard photo)

Larger Canadian crops predicted in AAFC’s first 2022 outlook

MarketsFarm — A return to trend-line yields after the past year’s drought should lead to a significant increase in Canadian crop production in 2022, according to the first supply/demand estimates for the 2022-23 season from Agriculture and Agri-Food Canada (AAFC), released late Friday. Seeded area is expected to be up for wheat and the pulses, […] Read more