Reading Time: 2 minutes Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more
Imperial Oil clears Edmonton renewable diesel plant for construction
Quick decision motivated in part by need for feedstocks such as canola oil, company says
Priority No. 1 for canola growers: ‘produce more’
To take advantage of the biofuel boom and all of its benefits, farmers must increase canola productivity on each acre. Which agronomic tools can you lean into for the heavy lifting?
Reading Time: 10 minutes Glacier FarmMedia – The biofuel market in North America is rapidly expanding, thanks in part to government regulations promoting clean fuels to drive down greenhouse gas emissions. This, in turn, is driving up demand for biofuel feedstocks like canola oil, which is why Chris Vervaet says grain companies are spending some $2 billion over the […] Read more
Canola crush plants seeing big-time profits
High crush margins mean demand should stay strong, but premiums for growers are scarce
Reading Time: 3 minutes Glacier FarmMedia – Canola crush profits are high, but that’s no reason for growers to break out the champagne, say Alberta producers. Crush plants are riding a wave of demand and processed about 794,000 tonnes of seed in September, the most in a year. And with crush margins well above $200 per tonne for futures contracts (more […] Read more
ICE weekly outlook: Crush margins guiding canola demand
Reading Time: < 1 minute MarketsFarm — Enormous canola crush margins will lead to increased demand for the Canadian oilseed, according to MarketsFarm’s director of markets and weather Bruce Burnett. As of Tuesday, the nearby November-October margins were estimated at $215.51 per tonne, while the same position for November-October 2023 now stands at $124.48/tonne. This time last year their margins […] Read more
Ceres pulls plans for Saskatchewan canola crush plant
U.S. company suspends project citing higher-than-projected costs
Reading Time: 2 minutes U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed […] Read more
Co-op, AGT plan to crush canola at Regina
Crusher would feed FCL's planned renewable diesel plant
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 weekly outlook: Canola futures bend under pressure
Reading Time: < 1 minute MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
Richardson buys up veg oil-based drilling lubricant maker
Grain firm supplies canola oil to Control Chemical
Reading Time: < 1 minute The Calgary maker of Matex drilling fluids is under new ownership from one of its minority owners and its biggest supplier of crude canola oil. Winnipeg grain firm Richardson International announced last Tuesday it has bought full ownership of Control Chemical Corp. for an undisclosed amount. Control Chemical is billed as a specialized manufacturer of […] Read more
Canadian canola crush up 8.5 per cent on year-to-date
Reading Time: 2 minutes MarketsFarm – Canada’s canola crush is running well ahead of the year ago pace, according to the latest data from Statistics Canada. Four months into the 2019/20 marketing year, which began Aug. 1, more than 3.3 million tonnes of canola have been crushed, according to the report released Dec. 19. That’s a jump of 8.5 […] Read more
Canadian canola crush pace running well ahead of average
Reading Time: < 1 minute MarketsFarm – Canada’s canola crush pace is running well above average, with demand from domestic processors more than making up for any issues on the export front, according to the latest grain handling data as of Nov. 1. The Canadian Grain Commission reported total domestic usage of canola during the first 12 weeks of the […] Read more
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