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Canola

(Richardson International video screengrab via YouTube)
Canola, Crops

Richardson crush plant workers to vote on new offer

UFCW team endorses latest offer

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Reading Time: 2 minutes Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. will vote Tuesday and Wednesday on a new offer from the company after rejecting a previous proposal. United Food and Commercial Workers (UFCW) Local 401 announced Tuesday (Jan. 25) its negotiating committee “fully endorses” the new offer after the company’s Richardson Oilseed division “enhanced […] Read more
ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola in stratosphere as old-, new-crop gaps narrows

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Reading Time: 2 minutes MarketsFarm — With so many influences affecting ICE Futures canola, one trader said it’s hard to figure just where the Canadian oilseed will go. Another trader, however, said the days of canola fetching more than $1,000 per tonne for an extended period of time are pretty much over. “It’s probably the craziest period we ever […] Read more
ICE March 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Choppy canola trade expected

Old-crop 'likely pushing the upper limits'

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Reading Time: < 1 minute MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby […] Read more
Federated Co-operatives in November 2021 secured an option on this land north of its Co-op Refinery Complex at Regina. (FCL.crs)
Canola, Crops, Machinery

Co-op, AGT plan to crush canola at Regina

Crusher would feed FCL's planned renewable diesel plant

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Reading Time: 3 minutes Federated Co-operatives’ plans for a renewable diesel processing plant at Regina now also include processing the canola oil needed to supply that plant. Federated Co-op (FCL) on Monday announced a memo of understanding has been signed with Regina grain and pulse crop processor AGT Foods on a joint venture that will “look to construct” a […] Read more
ICE March 2022 canola (candlesticks) with 20-day moving average (yellow line) and November 2022 canola (green line, left column). (Barchart)
Canola, Crops, Markets, Weather

ICE weekly outlook: Despite declines, signs point to increases for canola

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Reading Time: < 1 minute MarketsFarm — Although old-crop canola was falling back midway through the week of Jan. 10, analyst David Derwin of PI Financial in Winnipeg said the oilseed should “grind higher” in weeks to come. “The fundamentals haven’t changed at all — they’re not going to get more canola out of the ground until the fall,” he […] Read more
ICE March 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola strength shows no signs of fading

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts started the new year on a firm footing, with little sign that the ongoing strength will end anytime soon. “Is canola expensive? Yes, but everything is expensive,” said analyst Mike Jubinville of MarketsFarm. While canola may look overpriced by some metrics, he noted the high prices were necessary to […] Read more
(PamWalker68/iStock/Getty Images)
Canola, Crops, Markets

ICE weekly outlook: Hard to say where canola is going 

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Reading Time: < 1 minute MarketsFarm – There was a first for canola on Dec. 29, in that three contracts exceeded C$1,000 per tonne at the same time. In the sharp upswing during that Wednesday morning on the Intercontinental Exchange, the nearby January, March and May canola contracts respectively reached new highs with the former hitting the daily limit of […] Read more
(Richardson International video screengrab via YouTube)
Canola, Crops

Lethbridge canola crusher workers reject contract offer

UFCW to seek mediation

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Reading Time: 2 minutes Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. plan to seek mediation after voting to reject the company’s contract offer. United Food and Commercial Workers (UFCW) Local 401, which represents about 140 workers at the Lethbridge plant, said Monday its members had voted 79 per cent to reject the offer. The workers’ […] Read more

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