Photo: Canstock

Canada’s crush boom to benefit Aussie canola

A significant increase in domestic crush capacity is expected to lower exports and reduce competition for Australia

Reading Time: 2 minutes Commonwealth Bank of Australia is forecasting reduced competition from its main competitor and continued strong demand from its top export market.









The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)

Biden backs ethanol industry on low-emission aviation fuel tax credits

Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales

Reading Time: 3 minutes Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.


ICE November 2023 canola with 20- and 50-day moving averages and January 2024 canola (black line). (Barchart)

ICE weekly outlook: Upside seen for canola prices

'Aggressive manipulation' seen as a factor

Reading Time: 2 minutes MarketsFarm — Early gains were followed by late losses on ICE Futures’ canola market during the week ended Wednesday. The November canola contract began the week at $704.60 per tonne before rising up to $725.80/tonne on Monday, then ending the week at $711.70. The January contract went in similar directions, starting at $710.10/tonne before moving […] Read more

ICE November 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola ‘due for a bounce’

Weather co-operating, mostly, for Prairie harvesting

Reading Time: 2 minutes MarketsFarm — A month-long decline of ICE Futures canola prices, which saw the oilseed lose $110 per tonne, came to an end and was followed by a bounce-back. While the price of the November canola contract still declined by $10/tonne to $726.10 during the week ended Wednesday, it hit its lowest price since the end […] Read more