Daily Network News

More News →

Tag Archives Canola

Canola industry ready to move forward

Canola industry ready to move forward

By , ,
The Canola Council of Canada celebrated a return to normalcy at its annual meeting at the Canadian Crops Convention in Ottawa. “Our theme this year is ‘from adversity to opportunity’ and I think that’s very fitting,” said Jim Everson, the group’s president. Production has rebounded following the drought of 2021, meaning there’s opportunity to develop
A corn crop in the RM of St. Andrews on July 5, 2018. Current indicators suggest a rebound for corn futures off recent lows.
Grain Markets, Markets

Corn market cracks, but ready to pop

Current low prices may deter some U.S. farmers from planting corn

By
Corn appeared to crack under pressure on the Chicago Board of Trade as February came to a close. Having traded between US$6.70-$6.90 per bushel for much of February, collapses in wheat and soy prices, lacklustre U.S. exports and the U.S. Department of Agriculture’s bearish new-crop projections last month placed the May corn contract at a
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA sees increased EU canola imports, no extra from Canada

U.S. also projects higher Canadian ending stocks

By ,
MarketsFarm — The European Union will likely import more canola (rapeseed) this year than earlier thought, but any increased movement should come from Australia or Ukraine rather than Canada, according to updated projections from the U.S. Department of Agriculture. USDA raised its forecast for European rapeseed imports during the 2022-23 marketing year by 550,000 tonnes,
Photo: File
Crops

Record winter crop production expected for Australia

Summer crop production seen down on year

By ,
MarketsFarm — Australia will see its highest-ever winter crop production thanks to record wheat and canola harvests, according to the latest crop report from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) released Monday. Winter crop production in Australia is estimated at 67.6 million tonnes, up 8.4 per cent from ABARES’ crop
(Screengrab from Merit Functional Foods video via YouTube)
Crops

Merit Foods stakeholder looking to buy company

Burcon 'actively engaged' with company's receiver

By ,
One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership
Cars are buried on Hennepin Avenue in Minneapolis on Feb. 23 by a winter storm that crossed the U.S. northern Plains and Midwest and brought needed precipitation to some winter wheat-growing areas.
Grain Markets, Markets

Price trenches remain despite weather, projected plantings

Most traders expect the Black Sea Grain Initiative to be extended

By
North American grain and oilseed markets were up and down during the last full week of February, holding relatively rangebound overall. News of a frost in Argentina sent soybean, corn and canola values climbing higher on Feb. 21, as crop estimates out of the drought-stricken country continue to be revised lower. However, the immediate bullish reaction quickly subsided, and most
(Screengrab from Merit Functional Foods video via YouTube)
Crops

Plant protein processor Merit Foods in receivership

Company owes $95 million to EDC, FCC

By ,
The company behind a new Prairie processing plant extracting plant-based proteins from peas and canola has landed in receivership, in the high eight figures’ debt to its secured lenders. PricewaterhouseCoopers (PwC) on Wednesday announced it’s the receiver for both Merit Functional Foods Corp. and the numbered company that owns Merit’s processing plant and property in
ICE May 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola drifts downward with soybeans

Wheat's recent decline may spur canola acres

By ,
MarketsFarm — The ICE Futures canola market drifted downward during the week ended Wednesday largely due to macroeconomic activity in the markets, according to one analyst. Jerry Klassen from Resilient Commodity Analysis in Winnipeg said canola prices have mostly followed the lead of the Chicago soy complex, while rains fell on Brazil as its soybean
The president of the Canola Council of Canada feels it needs to constantly remind the federal government about the importance of agriculture.
News, Oilseeds

Canola groups among Canada’s busiest lobby groups

CCGA, CCC expanded efforts beyond usual government departments in 2022, leaders say

By
The Canadian Canola Growers Association was the busiest Canadian lobby group in any sector last year, said president Rick White. “We have been extremely busy,” White said, speaking to the Manitoba Canola Growers at their AGM on Feb. 16. The Canola Council of Canada also cracked the top ten most active lobby groups, White added.

AgCanadaTV

AgCanadaTV Special Feature: Crop pest insects to watch out for in 2026

Sponsored by:
More Videos →

Latest Market News

More Market News →