Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus expanding Yorkton canola crush plant

New expansion would more than double plant's capacity

Louis Dreyfus’ Yorkton, Sask. canola crushing plant is about to undergo another major expansion. The project, announced Tuesday, is expected to add an additional canola crushing line and more than double the plant’s annual capacity to over two million tonnes upon completion. Construction is due to begin later this year. The crush plant, built in

(File photo by Dave Bedard)

Canola fund short position shrinking

Managed money is net long on corn, soy

MarketsFarm — Managed money fund traders continued to cover their large short positions in canola in early April, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of April 4, the net managed money short position in canola futures came in at 49,470 contracts (70,671 short; 21,201


(Screengrab from Merit Functional Foods video via YouTube)

Bidding open for Merit Foods for two more weeks

Stakeholder Burcon plans to put up 'compelling bid'

The fate of Winnipeg pea- and canola-based protein processor Merit Functional Foods won’t be confirmed until the end of April at the earliest. Merit, whose major shareholders include Vancouver plant-based protein firm Burcon NutraScience, U.S. agrifood firm Bunge and former executives of Hemp Oil Canada, was placed into receivership March 1. According to the first

Attention will turn to the weather as spring planting approaches.

Canola futures edge downward after good run

New crop canola was especially hard hit and now the trade is watching weather

As the old saying goes, all good things must come to an end. That’s exactly what happened to canola futures on the Intercontinental Exchange at the close of trading March 30, as the Canadian oilseed marked its first losses since March 22. That past Wednesday, the nearby May contract lost $9.40 to close at $720


(Dave Bedard photo)

Canola short position finally subsiding

CBOT wheat, corn also net short

MarketsFarm — After hitting the largest speculative short position in canola on record, managed money fund traders were finally covering those bearish bets in late March, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of March 28, the net managed money short position in canola futures

Data drawn from www.macrotrends.net shows peaks in the grain price index, and their corresponding valleys, since 1970.

What goes up…

Barring a sudden market shock, the grain market looks like it is losing steam

Markets are an assembly of moving parts and, in this environment, inflation is a major component. If you can get the inflation versus deflation trade right, it will go a long way toward understanding how all markets could move. The commodity and consumer price inflation of the past few years started in 2020, with COVID-19


Soybean complex crushed by selloffs

Soybean complex crushed by selloffs

All eyes are on South America as the bean crop comes off

Canola had another week of sharp losses before bouncing back with a double-digit gain on March 23, but the Chicago soy complex also had a week to forget. The May soybean contract fell to US$14.1950 per bushel at the end of March 23 after a one-day, 29-cent drop. It was the ninth negative session in

ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the


Struvite-based fertilizer can replace some phosphorus fertilizer.

Closing the phosphorus loop

Municipal wastewater can be a source of valuable nutrients, says soil scientist

There are two places to mine phosphorus. One is the rock phosphate mines that supply the world with raw materials for phosphorus fertilizer. The other is in agricultural soils where cropping depletes the nutrient, and once it’s gone, it’s gone. “We have a phosphorus problem in agriculture and in society because we rely heavily on

(File photo by Dave Bedard)

Canola fund short position still rising

Managed money net long in soybeans

MarketsFarm — The size of the fund short position in continued to rise in early March, according to the latest Commitments of Traders data out from the U.S. Commodity Futures Trading Commission (CFTC). As of March 7, the net managed money short position in canola came in at 46,222 contracts (61,998 short/15,776 long), an increase