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Canola

Artist’s rendering of the Merit Functional Foods plant under construction in Winnipeg. (Merit Foods graphic)
Crops

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

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One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon
(Dave Bedard photo)
Crops, Markets

Canola crop expectations vary ahead of StatsCan report

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MarketsFarm — Statistics Canada is due to publish its first production estimates for Canada’s 2020 growing season on Monday (Aug. 31). Late-season hot temperatures and a lack of rain may cause Canada’s canola production to be lower than originally expected, according to some market participants. Earlier in the growing season, Winnipeg-based FarmLink Agriculture Solutions published
Some are worried that the federal government will kibosh plant breeding as the COVID deficit grows.
News

AAFC sits on value creation sidelines

In the meantime farmers and the seed industry are seeking consensus on how to proceed

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After farmer push-back Agriculture and Agri-Food Canada (AAFC) has hit pause on end point and trailing royalties consultations aimed at getting producers to contribute more money for plant breeding. But the controversial issue isn’t dead. Some farm groups and the seed industry are trying to find consensus on how to proceed. “What we’re trying to
A large canola crop appears to be on the horizon, causing the market to retrench.
Grain Markets, Markets

Production estimates for soy, corn crops don’t feed bears

USDA numbers didn’t phase the markets despite rosy production outlook

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Relatively bearish production estimates for this year’s soybean and corn crops in the United States did little to weigh on the grain markets, with prices in both crops up considerably in the immediate aftermath of the U.S. Department of Agriculture’s Aug. 12 production report. However, ICE Futures canola lacked much spillover buying interest, as strength in the Canadian
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Canola steady at midweek

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MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to
Crop Report, Crops, News

Winter cereals harvest half complete, yields seen mostly average

Manitoba Crop Report and Crop Weather report for August 18

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[UPDATED: Aug. 19, 2020] Southwest Region Unsettled weather continued in the Southwest. There are reports of a tornado that touched down near the village of Alexander but no reports of any loss. Wind damage to crops as lodging is visible in some fields. Canola, wheat and other crops are suffering with minor lodging especially in
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Crops

Plant-protein processor’s new processing plant gets grant

Feds, province put up cash for new equipment

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The federal and Manitoba governments have added a seven-figure contribution to their support for a new facility to process plant proteins from canola and peas. Merit Functional Foods will put the additional money toward “new equipment purchases that will support the transformation of raw inputs into value-added goods.” The unspecified new technology is expected to

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