Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts remain stuck in a sideways trading pattern, with little hint of which way values will eventually break. Canola “is getting tugged from different sources,” said Ken Ball of PI Financial in Winnipeg, adding that “it could go up or down $5 depending on what happens around it.” […] Read more
ICE weekly outlook: Sideways canola looks for direction
Richardson won’t renew canola, flax, soy funding
Reading Time: 3 minutes One of Canada’s biggest grain companies is stepping out of three Canadian oilseed industry organizations — and taking its funding when it goes. Winnipeg-based, privately-held Richardson International has announced it will not provide funding in 2018 for the Canola Council of Canada and the Flax Council of Canada, nor will it renew its funding commitment […] Read more
ICE weekly outlook: Cold-weather bump expected for canola
Reading Time: 2 minutes CNS Canada — The ICE Futures Canada canola complex is facing a slew of supportive and bearish factors as it slowly makes its way through the first part of January. Foremost on traders’ minds is a batch of reports set to be released by the U.S. Department of Agriculture on Friday. Already, there are ideas […] Read more
ICE Canada Weekly Outlook: Canola stuck in sideways pattern
Reading Time: < 1 minute CNS Canada – ICE Futures Canada canola contracts may be showing some strength to start the New Year, but the overall trend remains sideways, according to an analyst. “Everything is hovering around C$500, which has been a magnet for the past year-and-a-half,” said David Derwin, Commodities Investment Advisor with PI Financial. The most active March […] Read more
Do you know how your aeration fan blows?
Understanding different fan types, and the difference between moving air versus moving water, will help you keep those ever-larger bins of canola in top condition
Reading Time: 7 minutes To cool a bin of canola, the aeration fan needs to move 0.1 to 0.2 cubic feet of air per bushel per minute. To remove moisture, airflow should be about 10 times that. Does your fan achieve those rates? How do you know? A five-horsepower axial fan can blow more air per minute than a […] Read more
ICE weekly outlook: March canola fights to stay above $500
Reading Time: < 1 minute CNS Canada — As traders exit the trading floor ahead of the holidays, canola futures continue to chop around amid thin volumes. “More and more traders are stepping away from the market, either because of holidays or not wanting to have big positions on ahead of them,” said Keith Ferley of RBC Dominion Securities in […] Read more
Vancouver port space secured for pulse processor AGT
Reading Time: 2 minutes In need of ready access to West Coast tidewater, Prairie pulse crop processor AGT Food and Ingredients is set to work with the B.C. forestry sector to get it. Regina-based, publicly-traded AGT announced Monday it has reached a long-term terminal services agreement with Fibreco Export Inc., a wood fibre and canola meal exporter majority-owned by […] Read more
Bearish chart signals keep canola pointed lower
Reading Time: < 1 minute CNS Canada — Canola contracts on the ICE Futures Canada platform have lost roughly $30 per tonne over the past month and have more room to the downside from a chart standpoint. The nearby January contract settled Monday at $491.20 per tonne, just above the September low of $489.50. A break below that point would […] Read more
Canola study on Alzheimer mice seen as ‘huge stretch’
Reading Time: 3 minutes Upon review, a U.S. study of what happened to mice bred for Alzheimer’s symptoms when canola oil was added to their diet doesn’t translate to a risk for people, researchers and the Canola Council of Canada say. The mouse study, which was published last week by researchers from Temple University in Philadelphia, examined mice genetically […] Read more
ICE weekly outlook: Canola sliding lower
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts have trended lower for the past month and still have some more room to the downside heading into the New Year, according to an analyst. “I think we’ll go lower,” said Errol Anderson, of ProMarket Communications in Calgary, citing a number of bearish factors. Activity in the […] Read more
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