Reading Time: < 1 minute Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Canadian canola crush hit record in 2023: StatCan
ICE weekly outlook: Canola seeking a catalyst
Soyoil has been weaker than expected, pressuring canola, analyst says
Reading Time: 2 minutes Canola prices on the Intercontinental Exchange (ICE) went up during the week ended Feb. 28, but signs of upcoming extended rallies are hard to come by.
‘Unprecedented’ growth possible for canola demand
Renewable fuels could propel canola demand into the stratosphere: speaker
Reading Time: < 1 minute The biofuels industry could drive canola demand into unheard of territory in the coming decade, according to one industry expert.
ICE weekly outlook: More room to the downside for canola
Vegetable oil markets also became weaker
Reading Time: 2 minutes Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.
ICE weekly outlook: Drifting market in need of outside support
South America growing conditions likely price driver in soy markets for next months
Reading Time: < 1 minute The ICE Futures canola market remained under pressure heading into the New Year, lacking any significant supportive news of its own that could spark a move higher.
Oilseed crush down, grain deliveries rise in June: StatCan
Canadian grain deliveries reached a three-month high in June
Reading Time: < 1 minute Marketsfarm – Statistics Canada (StatCan) released its June oilseed crush and grain delivery statistics, showing a small decline for the former, but a large gain for the latter from the month before. Oilseed processors in Canada crushed 772,345 tonnes of canola last month, as well as 139,164 tonnes of soybeans for the month of June […] Read more
Bunge, Viterra confirm marriage plans
Firms to merge under Bunge banner
Reading Time: 4 minutes The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more
Bunge, Viterra merger would create global ag trading giant
Companies have some overlap in Canadian crushing
Reading Time: 3 minutes Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for […] Read more
Louis Dreyfus expanding Yorkton canola crush plant
New expansion would more than double plant's capacity
Reading Time: 2 minutes Louis Dreyfus’ Yorkton, Sask. canola crushing plant is about to undergo another major expansion. The project, announced Tuesday, is expected to add an additional canola crushing line and more than double the plant’s annual capacity to over two million tonnes upon completion. Construction is due to begin later this year. The crush plant, built in […] Read more
Canola crush of 2022 smallest in five years
Meanwhile, soybean crush rose on the year
Reading Time: 2 minutes MarketsFarm — Statistics Canada (StatCan) reported that 2022 had the smallest domestic canola crush for a calendar year since 2017. As well, 2022 marked the smallest canola oil production in five years and the least amount of canola meal produced in four years. The sharp reduction of canola being crushed was due to the 2021 […] Read more
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