Canola crushers in Western Canada are having a tougher time bringing in feedstock supplies from farmers, and will likely be forced to operate with tighter profit margins going forward, according to market participants. A sell-off in the CBOT (Chicago Board of Trade) soybean complex, together with uncertainty in the Prairie crop, has caused canola prices
Canola crush margins tightening
Prairie weather not done with markets just yet
ICE Futures Canada canola contracts posted solid gains during the week ended Sept. 14, as production concerns in parts of the Prairies, and expectations that supplies may not be enough to meet the demand going forward, provided support. Canola ended the week with new contract highs in many months, and the bullish technical signals could
Canola still pointed higher despite harvest pressure
Canola futures on the ICE Futures Canada platform bounced around near the top end of their recent range during the week ended Sept. 7, finishing with modest gains overall, as concerns that the Canadian crop may not be as large as initial expectations provided support. Ideas that canola was underpriced compared to other oilseed markets,
Minnesota canola crusher creates new delivery option
A new canola crusher at Hallock, Minn., just south of the Canadian border, is operating at full capacity or above and is providing a good opportunity for farmers with canola to sell in both the US and Canada. The Northstar Agri Industries facility started initial operations in May and was up to full capacity of
Canola exports picking up steam
New-crop canola supplies currently finding their way into the commercial pipeline in western Canada are helping set the stage for another record export program for the commodity. "It’s expected to be fairly busy, and I don’t see anything that would change that," said Lach Coburn, west coast manager of shipping with Cargill Ltd. in Vancouver
Sunflowers bounce back in Manitoba
Manitoba farmers will start bringing in this year’s sunflower crop by mid-September, and early reports point to a large, good-quality crop that will help replenish supplies in the province. After planting only 35,000 acres of sunflowers in 2011, due to adverse spring conditions, area in the province bounced back in 2012 with seeded area pegged
Prices this fall will depend on feed grain action
The flow of feeder and butcher cattle moving through the Manitoba yards during the week ended Aug. 10 continued to fetch relatively firm prices, although volumes remained on the light side with many locations still shut down for the summer. When the fall run eventually starts up, prices seen in Canada will likely be highly
CBOT, MGEX wheat mostly lower on the week
The canola market saw another week of ups and downs during the period ended Aug. 3, but managed to finish on the plus side overall. U.S. weather concerns and uncertainty over the size of the canola crop itself provided underlying support. With early harvest operations expected to pick up steam over the next few weeks,
U.S. weather rally buries bearish acreage reports
Parts of Western Canada may have seen some heavy rain during the week ended June 29, but it was the lack of moisture south of the border that was behind most of the sharp gains in North American grains and oilseeds during the week. The majority of the U.S. Midwest’s corn- and soybean-growing regions could
Strong prices lure chickpeas back to Sask.
Saskatchewan farmers are expected to more than double the area planted to chickpeas in the province this year, as improving prices made the crop a more attractive option. The acreage increase was “driven by some fairly strong prices for chickpeas relative to where they’ve been the last number of years,” said Carl Potts, executive director
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