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Canola

(Photo courtesy Canola Council of Canada)
Canola, Crops

Input Capital to appeal streaming contract ruling

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Reading Time: 2 minutes A “virtual” grain firm whose canola contracts with a Prairie farmer were set aside as “unconscionable” in a recent court ruling plans to challenge parts of that decision on appeal. Regina-based Input Capital Corp. said Monday it has filed a notice of appeal with the Saskatchewan Court of Appeal over a May 17 ruling by […] Read more
ICE Futures Canada’s head office in Winnipeg. (Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Seasonals to weigh on canola

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Reuters

Visible Canadian canola supplies tighten

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Reading Time: < 1 minute CNS Canada — Visible canola supplies in Canada dipped below one million tonnes for the first time since the 2017 harvest, according to the latest Canadian Grain Commission data. Canola stocks in commercial hands as of Sunday were pegged at 991,400 tonnes by the Canadian Grain Commission in its latest report. That’s down by about […] Read more
(BiodieselofLasVegas.com)
Crops, Machinery, Reuters

U.S. biodiesel lobby drops effort to adjust tax credit

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Reading Time: 2 minutes Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops

Court rips streaming canola contracts as ‘unconscionable’

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Reading Time: 5 minutes A Prairie farmer who was paid up front for canola contractually committed to “commodity streaming” firm Input Capital Corp. will have to pay back most of that money, as per a court ruling which also condemns the company’s contracts with him as “unconscionable.” Saskatchewan Court of Queen’s Bench Justice Jeffery Kalmakoff on Thursday released his […] Read more
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Reuters

DowDuPont bets on canola in race to boost plant proteins

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Reading Time: 2 minutes Winnipeg | Reuters — Production of Canada’s biggest crop, canola, has expanded rapidly in recent years amid strong demand for the vegetable oil it produces. But the other processed canola product, meal, takes a backseat to U.S. soymeal to feed certain livestock, due to a reduced protein level. Seed developer DowDuPont hopes to change that […] Read more
(Dave Bedard photo)
Canola, Crops

Extended-tolerance canola now on deck for 2019

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Reading Time: 2 minutes Giving growers a wider window to spray in-crop weeds with glyphosate, the new platform for Monsanto’s future canola trait stacks is now booked to make its way into the Canadian market next year. The U.S. seed and chemical company’s Canadian arm announced last week it plans to commercialize TruFlex canola in 2019, following plot trials […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola still stuck in neutral

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Reading Time: < 1 minute CNS Canada — The ICE Futures Canada canola market held rangebound during the week ended Wednesday, hitting some of its best levels of the past month before retreating to hold within a well-established trading range. “We’ve been in a $50 range in canola going back quite a few years,” said David Derwin, commodities investment advisor […] Read more
(Dave Bedard photo)
Crops, Markets

Canola stocks comfortable, eyes on new crop

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Reading Time: 2 minutes CNS Canada — Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new-crop production. Statistics Canada on Friday pegged canola supplies in the country as of March 31 at 9.1 million tonnes, the second-largest on record for that time of year and about 1.1 million tonnes […] Read more

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