Crush margins for processors in Canada have eased to their lowest level in quite some time, but processing remains at a strong pace, according to industry sources. “Based on my calculations, crush margins for canola dropped to their lowest level in quite some time late last week to around the $23 per tonne area,” said
Canola crush margins ease, processing pace stays strong
Demand for Prairie red lentils picks up
Demand for Canadian red lentils has picked up recently, with the increase in business helping stimulate strength in the cash bids for the commodity. Cash bids for red lentils have climbed to around the 23- to 25-cent per pound area, depending on the region of the Prairies, confirmed Jackie Kress, senior grain buyer for Legumex-Walker.
Canadian soybeans attract global demand
The high quality of Canadian-produced soybeans has led to development of some niche, and high-premium-paying, customers for the crop during the 2012-13 crop year — and expectations are for this feat to be repeated in the 2013-14 season starting at the end of this month. Federal funding of roughly $90,000 allowed the Canadian Soybean Council
Speculators’ chart-based interest punches up canola
Support in the outside oilseed markets allowed canola futures on the ICE Futures Canada platform to push slightly higher during the week ended March 8. Strength in canola earlier in the week was derived from chart-based buying by speculative and commodity fund participants. Steady demand from the domestic and export sectors, combined with concerns about
Don’t expect quick end to COOL law
Don’t hold your breath in hopes Washington will amend its country-of-origin labelling law (COOL) by the May 23 deadline ordered by the World Trade Organization, says the Canadian Cattlemen’s Association. “The U.S. government could still pull a rabbit out of its hat and actually change the COOL regulations, but I don’t think it will,” said
U.S. unlikely to comply with WTO COOL ruling by deadline
The U.S. government is not expected to comply with the World Trade Organization (WTO) ruling requiring changes to its mandatory country-of-origin labelling (COOL) law on meats and certain other foods by a May 23 deadline. "The U.S. government could still pull a rabbit out of its hat and actually change the COOL regulations, but I
Boats backed up in Brazil may buoy business in canola
Overbought price sentiment and steady farmer deliveries into the Prairie grain elevator system were just enough to cause canola futures on the ICE Futures Canada trading platform to move slightly lower during the week ended March 1. The steady deterioration of Malaysian palm oil and European rapeseed values during the reporting period helped to undermine
Dry soils, high prices prompt farmers’ return to wheat and durum
Farmers in drier regions of the western Prairies flirted with canola but are turning back to the tried and true
Attractive prices and weather issues are expected to help farmers in Canada take a serious look at seeding more acres to wheat this summer than in previous years, according to industry sources. “Last year a lot of farmers took a chance with canola given the high financial returns, but the drier-than-anticipated conditions across parts ofPrecipitation elsewhere drags on oilseed momentum
Canola futures on the ICE Futures Canada trading platform posted small advances during the week ended Feb. 22. The gains would have been significantly higher had it not been for some late-week taking of profits by a variety of market participants. Some of the strength was related to the downward swing in the value of
Wheat acres set to climb in Canada
Attractive prices and weather issues are expected to help farmers in Canada look seriously at seeding more acres to wheat this summer than in previous years, according to industry sources. "Last year a lot of farmers took a chance with canola given the high financial returns, but the drier than anticipated conditions across parts of
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