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Merged oilseed council proposal needs more study, MCGA prez says
News, Oilseeds

Merged oilseed council proposal needs more study, MCGA prez says

Soy Canada and the canola council rejected the idea

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Chuck Fossay knew Richardson International was threatening to leave the Canola Council of Canada, but he never expected it to happen. “I was actually surprised it pulled the plug,” the president of the Manitoba Canola Growers Association said in an interview Jan. 18. “We knew that Richardson had concerns. We’ve known that probably for five
Speaking at at Ag Days in Brandon Jan. 16 Agriculture Minister Ralph Eichler announced an average seven per cent drop in crop insurance premiums for the 2018 crop. Some other important changes to crop insurance were announced in a news release, including ending the pre-harvest deductible for corn and soybeans.
Crops, Local news

Lower crop insurance premiums, in 2018

The pre-harvest deductible on corn and soybeans is ending and CHNR wheat gets its own category

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A host of changes, including lower premiums, are coming to crop insurance for the coming season. Speaking at Ag Days on Jan. 16 Ralph Eichler, the provincial agriculture minister told farmers they can expect to pay less, to no longer have pre-harvest deductibles for corn and soybeans, and to see changes in soybean coverage and
Soy Canada wants to see soybean acres grow quickly over the next decade.

News, Oilseeds

Soy Canada charts ambitious growth plan

The industry organization wants to see Canadian soybean production double in a decade

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Soy Canada has unveiled a plan to encourage soybean production to nearly double to 10 million acres by 2027 and set in motion growth in the crushing sector rather than exporting raw beans. Soy Canada’s directors have endorsed a comprehensive strategic market readiness plan that is the first “to involve the entire soybean value chain,
Employees even out a load of soybeans on a Chinese cargo ship at the Brazilian port of Santos. U.S. farmers say new soybean standards imposed by China will put them at a disadvantage.
News, Oilseeds

Half of U.S. soy exports to China would fall afoul of new rules

U.S. soybeans will likely become more expensive to ship to China as a result

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Half of U.S. soybeans exported to China this year would not meet Chinese rules for routine delivery in 2018, according to shipping data reviewed by Reuters, signalling new hurdles in the US$14-billion-a-year business. More stringent quality rules, which took effect on Jan. 1, could require additional processing of the U.S. oilseeds at Chinese ports to
Crumbling river infrastructure is putting pressure on the ability of the U.S. to meet grain market demand.
Cereals, News, Oilseeds

Wooden dams and river jams: U.S. strains to ship record grains

In a story familiar to Prairie farmers, the U.S. grain-handling system is creaking under a heavy load

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America’s worst traffic jam this fall occurred on the Ohio River, where a line of about 50 miles of boats hauling grains and other products turned into a water-borne parking lot, as ship captains waited for the river to reopen. Such delays are worsening on the nation’s waterways, which are critical to commerce for the
Community leaders, agriculture representatives and researchers discuss whether a southwestern soybean-processing plant is viable and what it might look like during a Nov. 16 conference at Brandon University.
Crops, Local news

Southwest boosters continue to pitch soy plant

A local development group continues to hope it can draw a global soy processor to southwestern Manitoba

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The Western Opportunities Leadership Group (WOLG) says Manitoba’s explosive soybean-acre growth makes a processing plant viable. The crop has spread rapidly west and north over the last 10 years, into regions traditionally considered too cold. The potential facility drew industry, university researchers, local farmers and community leaders to Brandon University Nov. 16 for a day-long
News, Oilseeds

Organization in Canada, China, sign memorandum

Canola Council of Canada touts benefits of canola oil and meal during trade mission to China

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The Canola Council of Canada is celebrating a new memorandum of understanding after wrapping up a trade mission to China. Speaking from Beijing, canola council president Jim Everson emphasized the importance of the Chinese market for Canadian canola producers and processors. “We are just at the end of what we think is a very successful
Soybean Field
Markets, Oilseeds, Opinion

Opinion: Are U.S. soybean exports meeting market expectations?

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Although robust world soybean demand and competitive advantages have allowed the United States to surpass early-season export forecasts for four years in a row, market watchers wonder if this is the year that will break the mould. The U.S. Department of Agriculture’s weekly soybean export figures have consistently met or exceeded analyst estimates so far.
Blooming rapeseed field at sunset
Grain Markets, Markets

Canola prices likely capped by ample supplies

StatsCan has left canola projections unchanged in their 
most recent supply/demand tables

ICE Canada canola prices bounced around within a wide range during the week ended Nov. 17, but finished on a firmer note as a rally in Chicago Board of Trade soybeans gave canola a boost. Any strength was largely tied to chart-based speculative buying, with no real fresh fundamental news as far as canola is

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