Canola up on weaker loonie, increased export chatter

Canola up on weaker loonie, increased export chatter

StatsCan estimates and labour issues at CP loom large

ICE Futures Canada canola contracts posted solid gains over the week ended April 20, correcting off of nearby lows despite a softer tone in Chicago soybeans and soyoil. Weakness in the Canadian dollar, which lost about a cent relative to its U.S. counterpart, accounted for some of the strength in the futures. However, crush margins




Total stocks of principal Canadian field crops at Dec. 31, 2017, rounded to nearest thousand tonnes. (StatCan.gc.ca)

Canadian canola stocks jump

CNS Canada — Stocks of Canadian canola have increased substantially, according to the latest estimate from Statistics Canada. Total stocks of oats, lentils and peas also rose, but not by as much as canola. StatsCan on Monday pegged canola stocks, as of Dec. 31, 2017 at 14.15 million tonnes, up from the 2016 total of