TRADE Back-to-back record canola crushing is unlikely to result in increased crushing capacity due to trade uncertaintyChina 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
MarketsFarm — ICE Futures canola held within a narrow range during the week ended Wednesday, as the market waits for fresh news to push it one way or the other. “There are certainly some supportive elements underneath the marketplace,” said Mike Jubinville of MarketsFarm Pro, pointing to an upward trend in world vegetable oil prices
MarketsFarm — As often has been the case, the canola crush in Canada dipped from July to August, according to Statistics Canada. The federal agency issued its monthly crush numbers on Thursday with 829,778 tonnes of canola crushed in August, down 2.89 per cent from July’s crush. However, August’s crush was the second most so
A new processing facility may signal the kick-start of canola as the plant protein of the future. In May, Burcon NutraScience Corporation announced it would build a $65 million pea and canola protein processing plant in Manitoba. This is the first commercial-scale canola protein facility in the world, the company said in a news release.
Ottawa/Winnipeg | Reuters — Ottawa increased the insurance coverage available for canola exporters, a government corporation said on Thursday, as it seeks to reduce trade risks amid a dispute with China. China halted purchases of Canadian canola in March, citing pests in shipments by Richardson International and Viterra. That move, which came as Beijing has
Reuters — Beyond Meat, a U.S. maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 per cent. The company said it expects to record revenue of $210 million in 2019 (all figures US$), with break-even earnings,
Canola research pioneer Vivian Bruce will receive the province’s highest honour for her work establishing the health benefits of the oilseed. Bruce, a retired nutrition and food science professor, and 11 others will receive the Order of Manitoba, Lt.-Gov. Janice C. Filmon announced on May 12. “I was pretty honoured about it, but I’m not
Don’t look to Canada’s canola crushers for relief from the Chinese canola seed bans. Canola oil and meal are still being exported to China, but because Canadian crushers are working at almost full capacity there’s not much opportunity to offset the loss of canola seed exports to China with increased shipments of oil and meal.
MarketsFarm — The slowing pace of Canadian canola exports, linked to the country’s trade dispute with China, saw the U.S. Department of Agriculture lower its forecast for Canadian canola exports in the current 2018-19 marketing year. In its latest Oilseeds: World Markets and Trade report, USDA’s Foreign Agricultural Service said actual Canadian exports could end
Ottawa/Chicago | Reuters — Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs. Trudeau spoke hours after an industry group said Chinese importers had