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Canola

(Screengrab from Merit Functional Foods video via YouTube)
Crops, Markets

Merit Foods pays off operating lender, no deal yet for plant

Plant-based protein processor in receivership since March

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A Winnipeg pea and canola protein processor in receivership since this spring remains mothballed for now with no firm buyer — but has paid off one of its three secured creditors. Merit Functional Foods, which entered receivership March 1 after just two years’ operation, has sold all its remaining finished and raw inventory and directed
(Dave Bedard photo)
Crops, Markets

Higher canola, wheat production expected in StatCan report

Traders raise concerns about report accuracy

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MarketsFarm — There was a consensus among several traders and analysts that Statistics Canada will very likely raise its estimates on canola and wheat production for 2023-24. Yields on the Prairies were better than expected following a difficult first half of the growing period, as the weather improved during the second half. StatCan is set
Canola market sees wide range of trade
Grain Markets, Markets

Canola market sees wide range of trade

The U.S. Thanksgiving break moved participants to the sidelines and lowered volume

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The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola prices could rebound

'There's nothing all that exciting to look at'

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MarketsFarm — Winnipeg-based trader Ken Ball from PI Financial is cautiously optimistic that canola prices can rebound in the short term. The January canola contract closed at $702.30 per tonne on Wednesday a weekly loss of $7.40. The contract fell below the $700 level on U.S. Thanksgiving on Nov. 23, a day with little volume.
(File photo by Dave Bedard)
Crops, Markets

Speculators buy back bearish canola bets in latest report

Funds reduce net long in soybeans

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MarketsFarm — Fund traders were actively covering bearish bets in canola during the week ended Nov. 21, buying back some previously placed short positions, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). The report was delayed due to the U.S. Thanksgiving holiday. As of Nov. 21, 2023,
Learning from the oldies
Grain Markets, Markets

Learning from the oldies

Expert's Radar: This classic rock song is also a handy reminder of the nature of markets

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“What goes up, must come down, spinning wheel gotta go round…” If you had to pay royalties on songs that get stuck in your head, I’d probably need to cut Blood, Sweat and Tears a hefty cheque by now. Following the commodity markets can often feel like riding the painted pony from their 1960s hit. Crude oil West
It’s amazing to think that the work of two plant breeders at publicly funded universities transformed a machine lubricant into an edible oil.
Other

Editor’s Take: Setting research priorities a complex puzzle

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[UPDATED: Nov. 24, 2023] It’s often observed that from tiny acorns, mighty oaks grow. Nowhere in the western Canadian agriculture scene is this truer than in the canola sector. When one pauses to reflect, one can only marvel at what has happened. A relatively obscure crop, grown largely as a machine lubricant, was transformed into one of
Left to right: Mario Tenuta (University of Manitoba), Curtis Rempel (Canola Council of Canada), Lawrence MacAulay, federal agriculture minister, University of Manitoba dean Martin Scanlon. The men spoke during a funding announcement at the Bruce D. Campbell Farm and Food Discovery Centre at Glenlea, Man.
Crops

Canola sector gets research funds boost

The federal government and canola sector team up for another five-year research cluster

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The federal government is putting up $9 million in funding to drive sustainable growth of the canola sector. The money will support a new canola cluster, said Lawrence MacAulay, federal agriculture minister, at a Nov. 14 media event at the University of Manitoba’s Glenlea Research Station. The 2023–2028 Canola AgriScience Research Cluster follows a similar

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