Reading Time: < 1 minute CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more
Canadian canola exports picking up
Canola crush hits new weekly record
Reading Time: < 1 minute CNS Canada — Canadian canola crushers hit a new weekly record during the second week of November, processing more than 200,000 tonnes of canola for the first time ever. The canola crush during the week ended Wednesday came in at 203,951 tonnes, according to the most recent Canadian Oilseed Processors Association report. The previous record […] Read more
Canola crush running close to full capacity
Reading Time: < 1 minute CNS Canada — Canadian canola processors are running at close to full capacity, with a near record weekly crush posted during the week ended Wednesday. The weekly canola crush, during the week ending Sept. 21, hit 190,623 tonnes — the second largest on record, according to Canadian Oilseed Processors Association (COPA) data. Crushers were operating […] Read more
Wide canola crush margins show no sign of narrowing
Reading Time: < 1 minute CNS Canada –– Canola crush margins remain very wide, and are showing no signs of narrowing back in. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $130 above the November contract, which compares with levels at the same time a year ago of $58. Crush margins provide […] Read more
Richardson cranking up canola crush, throughput at Lethbridge
Reading Time: 2 minutes Agrifood firm Richardson International plans to put up $120 million to dial up the processing capacity of its canola crushing plant in southern Alberta by over 55 per cent. Privately-held, Winnipeg-based Richardson said Wednesday the new upgrades at its Lethbridge plant are expected to boost its peak annual crush to over 700,000 tonnes of canola per year, […] Read more
Bunge canola plant damaged in fire
Reading Time: < 1 minute U.S. agrifood processor Bunge is sizing up damage to its canola crushing plant at Nipawin in northeastern Saskatchewan after a fire in one of its buildings Tuesday. According to local media, firefighters were called to the plant late Tuesday afternoon and fought a fire at the site until after midnight. Scott Roblin of the Nipawin […] Read more
Canola crush margins at best levels of year
Reading Time: < 1 minute CNS Canada — Canola crush margins have improved considerably over the past few weeks, to sit at some of their best levels of the past year. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates also factoring into the equation. As […] Read more
ICE weekly outlook: Canola looks set to stay above $500
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts don’t appear to be in much danger of falling below the $500 per tonne level anytime soon. Both front-month contracts spent much of the week ended Wednesday hanging around the $520 mark. Surging action from the U.S. soy complex has kept canola supported, even on days when […] Read more
Weekly canola crush hits yearly low
Reading Time: < 1 minute CNS Canada — Canada’s weekly canola crush dropped sharply over the week ended Wednesday, but some of the decline is likely tied to an overstatement of what was processed the previous week. The weekly canola crush came in at only 110,909 tonnes, which compares with 180,078 tonnes the previous week, according to data from the […] Read more
Canola crush hits new weekly record
Reading Time: < 1 minute CNS Canada — Canadian canola processors are running at close to full capacity, despite any softness in crush margins, with the weekly crush hitting its largest level ever, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 188,081 tonnes during the week ended Wednesday, topping the previous […] Read more
A message from April Stewart, Country Guide's Associate Editor
