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Crops

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

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The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes
Although China curbed its Canadian canola imports, canola values were able to draw strength from exports to other markets.
Grain Markets, Markets

2019-20 crop year could have been worse for canola

A recent Prairie crop tour points to a strong canola harvest

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It can be said that things weren’t all that bad for canola during the 2019-20 marketing year. Given the grim outlook there was for canola over the fall and winter, it’s been a decent marketing year overall for the crop. Prices dropped because of China, but strong exports elsewhere, plus a larger domestic crush, combined
File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)
Crops, Markets

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

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Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police
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Crops, Markets

Canola crush edges up, soybean crush falls

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MarketsFarm — As the amount of canola crushed in Canada increased slightly in June, the soybean crush was down significantly, according to the latest monthly report from Statistics Canada. The federal agency on Thursday released crushing statistics for major oilseeds, which showed 864,559 tonnes of canola crushed in June, up 1.12 per cent from the
Grain Markets, Markets

Canola gains on veg oils’ strength

Pressure comes from the loonie’s recent improvement against the U.S. dollar

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Canola prices climbed higher during the week ended June 5, despite strength in the Canadian dollar that would typically have a bearish effect on prices. Nearby canola contracts started the week at $457.10 per tonne and posted losses on Monday before rallying on Tuesday. By June 4, nearby contracts closed at $463.60 per tonne. The Canadian dollar was over 74
Corteva Agriscience, which spun off from the merged Dow and DuPont in 2019, got its canola seed breeding lab and research station in Saskatoon from the Dow AgroSciences end of the merger. (Video screengrab from Corteva.ca)
Crops

Supercluster backing canola protein production

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The federally-backed research and development “supercluster” set up to boost Canada’s protein industries is funding work to wring more and better proteins out of canola seed. In Saskatoon on Wednesday, federal Industry Minister Navdeep Bains announced the Protein Industries Canada (PIC) supercluster has approved a new $27.6 million project to breed high-protein canola hybrids for
China is buying increasing volumes of canola oil and meal from Canada, says Chris Vervaet, executive director of the Canadian Oilseed Processors Association.
News

New record for Canadian canola crushing in 2018-19

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TRADE Back-to-back record canola crushing is unlikely to result in increased crushing capacity due to trade uncertainty

China all but stopped importing Canadian canola seed in March, but it’s buying more Canadian canola oil and meal than ever. Meanwhile, Canadian processors crushed a record 9.295 million tonnes of canola seed during the 2018-19 crop year, ending July 31, Statistics Canada figures show. That’s up 0.3 per cent, or 26,000 tonnes, from the

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