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Canola

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola weak, but finding support

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (Glencore.com)
Crops, Markets, Reuters

Glencore to rein in debt as commodity slump persists

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Reading Time: 4 minutes Reuters — Mining and trading company Glencore acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion. The London-listed company came under pressure to cut its net debt of US$30 […] Read more
(K-plus-S.com)
Crops, Markets, Reuters

PotashCorp reported preparing to make hostile K+S bid

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Reading Time: < 1 minute Reuters — PotashCorp is prepared to launch a hostile takeover offer for German potash mining rival K+S under certain conditions, German newspaper Handelsblatt reported Tuesday. Handelsblatt cited financial sources as saying Saskatoon-based PotashCorp had talked to brokerages in Canada about such plans. PotashCorp declined to comment. K+S shares jumped as much as 10.3 per cent […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Canola cash basis levels weaken as harvest rolls along

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Reading Time: 2 minutes CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more
November ICE canola for week of Aug. 28 to Sept. 4, 2015. (Barchart.com)
Canola, Crops, Markets

Canola charts pointed lower

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Reading Time: < 1 minute CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more
A jimsonweed bloom. (Patrick J. Alexander photo courtesy USDA-NRCS Plants Database)
Canola, Crops

Jimsonweed not a threat to canola oil, meal safety

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Reading Time: 2 minutes Canada’s canola oil and meal will remain safe to consume even if some jimsonweed seeds end up in it, according to Curtis Rempel, vice-president of crop production and innovation at the Canola Council of Canada (CCC). “While jimsonweed itself can be poisonous, the heating process in canola oil and meal processing denatures toxic alkaloids, so […] Read more
(Dave Bedard photo)
Crops, Markets

Canola stocks increase dramatically in StatsCan report

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Reading Time: 2 minutes CNS Canada –– It appears there’s a lot more canola in Prairie fields and bins than anybody thought. According to Thursday morning’s Stocks of Principal Field Crops report from Statistics Canada, the country had 2.3 million tonnes of canola in its stocks as of July 31 — 500,000 to one million tonnes more than analysts […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola may drop more

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Soybeans

East’s biggest oilseed crusher goes to Viterra

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Reading Time: 2 minutes Eastern Canada’s biggest oilseed processing plant is poised to become part of Canada’s biggest grain handler. Regina-based Viterra announced last week it has signed a deal to buy the shares of Twin Rivers Technologies-Entreprises de Transformation de Graines Oleagineuses du Quebec, or TRT-ETGO, whose main asset is its canola and soybean crushing and refining plant […] Read more

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