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Canola

(Brazzo/iStock/Getty Images)
Canola, Crops, Markets, Soybeans

Canola crush down, soy crush up, StatsCan reports

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Reading Time: < 1 minute MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July, […] Read more
An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)
Canola, Crops, Peas

Plant-protein processor’s new processing plant gets grant

Feds, province put up cash for new equipment

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Reading Time: 2 minutes The federal and Manitoba governments have added a seven-figure contribution to their support for a new facility to process plant proteins from canola and peas. Merit Functional Foods will put the additional money toward “new equipment purchases that will support the transformation of raw inputs into value-added goods.” The unspecified new technology is expected to […] Read more
(Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

U.S. investor to buy Prairie canola ‘streaming’ firm

All-cash deal offers $97.5 million for Input Capital

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Reading Time: 3 minutes A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself […] Read more
File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)
Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

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Reading Time: 2 minutes Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Managed money’s net long position grows in canola

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Reading Time: < 1 minute MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

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Reading Time: < 1 minute MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more
Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)
Canola, Crops, Reuters

Canada says requirements for Huawei exec’s extradition to U.S. met

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Reading Time: 2 minutes Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more

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