Reading Time: 3 minutes Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more
Ex-Legumex crush plant gets new owners, supply deal
Canola crush margins hit best levels in months
Reading Time: < 1 minute CNS Canada –– Canola crush margins have improved considerably over the past few weeks, hitting levels not seen in over six months, as vegetable oil prices rose and the Canadian dollar dropped. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates […] Read more
Weekly canola crush hits new record
Reading Time: < 1 minute CNS Canada –– Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Wednesday, which is more than 10,000 tonnes above […] Read more
Weekly canola crush hits best level in over two months
Reading Time: < 1 minute CNS Canada –– Canada’s domestic canola processors are getting busier, with the latest crush data showing the most active week in two-and-a-half months. Capacity utilization during the week ended Wednesday climbed to 82.8 per cent, which compares with only 66.9 per cent the previous week, according to the latest report from the Canadian Oilseed Processors […] Read more
Canola exports to feel pinch of Chinese market crash
Reading Time: 2 minutes CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket […] Read more
Canada’s canola crop woes cut crusher profits to two-year low
Reading Time: 2 minutes Winnipeg | Reuters — Problems with Canada’s canola crop are driving up the oilseed’s price, cutting processors’ margins to their lowest levels in two years and threatening to boost the price of a key ingredient of salad dressings and potato chips. Frost and dry conditions on the Canadian Prairies have damaged the crop, which processors, […] Read more
Canola crush margins deteriorating
Reading Time: < 1 minute CNS Canada — Canola crush margins continue to deteriorate in Canada, and will likely get worse before they get better. Canola margins hit some of their worst levels “in three to five years” during Monday’s trading session, according to a trader. While the margins were off those lows by the close, he said the longer-term […] Read more
Study finds Manitoba ready for soy crushing
Reading Time: 3 minutes The rise of soybeans as a cash crop in and around Manitoba, and the availability of hogs to dine on soy meal, could support Western Canada’s first-ever soybean crushing plant, a new study finds. The feasibility study, run by Winnipeg-based Mercantile Venture Consulting and backed by the federal and Manitoba governments, shows a Manitoba crushing […] Read more
Declining canola crush margins start to be felt
Reading Time: < 1 minute CNS Canada –– Declining canola crush margins are finally starting to be felt in the Canadian processing sector. The weekly crush pace took a hit, in the latest report from the Canadian Oilseed Processors Association. Domestic crushers processed only 126,917 tonnes of canola during the week ended Wednesday, according to COPA data. That figure represents […] Read more
Bunge resumes canola crushing after fire, soy line down
Reading Time: < 1 minute Reuters — Agrifood firm Bunge Ltd. restarted canola processing at its Hamilton, Ont. plant late Thursday after a fire, spokeswoman Deb Seidel said Friday. She said the plant will resume soybean processing after the investigation into the fire is complete and water is cleaned up. There were no injuries, she said. According to Hamilton’s fire […] Read more
A message from April Stewart, Country Guide's Associate Editor
