CNS Canada – The ICE Canada canola market had a bit of a wild ride during the week ended July 28, with the November contract falling to its lowest level of the past month at one point before the brakes were hit on the drop and the market rallied $25 in three days. Fund traders
Tag Archives Canadian Oilseed Processors Association
Canola market dips to rally, heat stress hits wheat crops
Trade’s focus shifts to new-crop canola prospects
Facing tight old-crop supply, demand remains strong
The ICE Futures Canada canola market went in two directions during the week ended April 28, with the July/November spread narrowing in considerably. Speculators, adjusting positions, accounted for much of the activity during the week, especially in the May contract as traders exited that month before expiry. The old-crop July contract lost roughly $5 per
Lack of meal capacity could be costing canola growers
One global analyst says meal sales are being lost, but the domestic industry says so far the system has kept up
Insufficient export capacity is costing western Canadian canola growers money in lost canola meal sales and farmers should be complaining loudly, says Thomas Mielke. Meilke is executive director of the widely read food oil publication Oil World, based in Hamburg, Germany. “You could do more, but the logistics are not in place,” Mielke said here
Canola crushers running at full steam
CNS Canada — Canadian canola crushers showed no signs of slowing down their record pace over the Christmas and New Year’s holidays, with the weekly crush topping 200,000 tonnes for only the second time ever. The canola crush during the week ended Wednesday came in at 200,294 tonnes, according to the most recent Canadian Oilseed
Canola most sensitive to potential trade disruption
A long list of pesticide residues and other issues have the potential to derail canola exports
Few Canadian crops rely on exports as much as canola so making sure they don’t contain pesticides customers prohibit is critical to protecting markets, the Canola Council of Canada (CCC) says. “Canada exports 90 per cent of the canola we produce, and shipments containing even the smallest amount of unacceptable residues or deregistered varieties can
Deadlines loom for grain-monitoring programs
Associations say tracking railway performance must continue
Grain farmers and shippers have their eye on a couple of other deadlines. The federal government’s grain monitor’s contract ends in July 2017, while federal funding that helps the Ag Transport Coalition track railway performance ends in March 2017. “We need the data and so does the government so we can say, ‘Here’s what we
Weekly canola crush hits best level in over two months
CNS Canada –– Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Wednesday climbed to 82.8 per cent, which compares with only 66.9 per cent the previous week, according to the latest report from the Canadian Oilseed Processors
Canola crush margins still solid near $100
CNS Canada — Canola contracts on the ICE Futures Canada platform have traded within a wide range over the past month, but crush margins continue to hover around the $100 mark. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also
U.S. lapping up Canadian canola oil
Reuters / Canada’s canola crushers are processing the oilseed at a record-brisk pace, as demand for canola oil heats up among U.S. makers of biodiesel and food products like potato chips. The United States has long been a key export market for canola, Canada’s second-biggest crop after spring wheat, but its appetite has spiked in
U.S. Debt Crisis, Weather Outlook Pressure Crops
ICE Futures Canada canola contracts bounced around during the week ended July 29, the last week of the 2010- 11 crop year, but managed to post small declines overall amid improving weather conditions and global economic uncertainty. On the year, canola futures are up over $220 per tonne from where they were at the close
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