Canola & Production Tips

An artists’ rendition of the Merit Functional Foods plant under construction in Winnipeg. (Meritfoods.com)

Plant-protein processor’s new processing plant gets grant

Feds, province put up cash for new equipment

By Dave Bedard, GFM Network News August 18, 2020

The federal and Manitoba governments have added a seven-figure contribution to their support for a new facility to process plant proteins from canola and peas. Merit Functional Foods will put the additional money toward “new equipment purchases that will support the transformation of raw inputs into value-added goods.” The unspecified new technology is expected to […] Read more

(Photo courtesy Canola Council of Canada)

Canola, Crops, Markets

U.S. investor to buy Prairie canola ‘streaming’ firm

All-cash deal offers $97.5 million for Input Capital

By Dave Bedard, GFM Network News August 13, 2020

A U.S. investor has stepped forward with an all-cash bid for the Regina company that brought “streaming” to the Prairie canola marketing business. Input Capital, which in February last year began to review options such as a sale or merger to “enhance shareholder value,” said Wednesday it has a deal to sell all of itself […] Read more

ICE November 2020 canola with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola facing resistance ahead of harvest

By Phil Franz-Warkentin, GFM Network News August 13, 2020

MarketsFarm — ICE Futures canola contracts backed away from nearby highs during the week ended Wednesday, signalling that the top may be in for the time being as the harvest gets started. “There’s clearly been a shift in canola,” Ken Ball of PI Financial in Winnipeg said of the move away from the early August […] Read more

File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)

Canola, Crops, Markets, Reuters

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

By Rod Nickel, GFM Network News August 10, 2020

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police […] Read more

Canola, Crops, Markets

Managed money’s net long position grows in canola

By Phil Franz-Warkentin, GFM Network News August 7, 2020

MarketsFarm — Fund traders remained on the buy side in canola in early August, adding to their recently established net long position, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders were holding a net long position in ICE Futures canola of 24,489 […] Read more

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Weaker U.S. dollar ripples into canola

By GFM Network News August 6, 2020

MarketsFarm — As the Canadian dollar continues its rise, the adverse effects on canola could become more pronounced, according to Errol Anderson of ProMarket Communications in Calgary. Anderson’s expectations are for the loonie to hit a range of 75-77 U.S. cents, which could see canola drop $5-$10 per tonne. “The loonie, even though our economy […] Read more

Huawei chief financial officer Meng Wanzhou leaves her family home in Vancouver in this May 8, 2019 file photo. (Photo: Reuters/Lindsey Wasson)

Canola, Crops, Reuters

Canada says requirements for Huawei exec’s extradition to U.S. met

By GFM Network News August 4, 2020

Reuters — Canada’s attorney general says the requirements for extraditing Huawei chief financial officer Meng Wanzhou to the United States on charges of bank fraud have been met, documents submitted in a British Columbia court show. Meng, 48, was arrested in December 2018 on a warrant from the United States, which alleges that she misled […] Read more

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

Canola, Markets

ICE weekly outlook: Canola scale-up selling to temper gains

By GFM Network News July 30, 2020

MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for much of the recent strength […] Read more

This post-harvest photo of a canola stem with verticillium stripe shows how the stem has senesced and the epidermis is shredding to reveal the microsclerotia.

Canola, Crops, Features

Verticillium stripe should be on your radar for 2020 and beyond

Three things you need to know about the disease

By Melanie Epp July 29, 2020

When Verticillium longisporum-infected canola was first discovered in Manitoba in 2014, it was quickly followed by countrywide soil surveys conducted by the Canadian Food Inspection Agency in 2015. Those surveys revealed V. longisporum populations in British Columbia and every province eastward as far as, and including, Quebec. And while it hasn’t reached the point where […] Read more

Canola, Markets

Total Canadian canola exports solid, despite lost sales to China

By MarketsFarm Team, GFM Network News July 28, 2020

Canadian canola exports are running well ahead of the year-ago pace with increased business to Europe and the United Arab Emirates more than making up for reduced sales to China, according to the latest monthly export data from the Canadian Grain Commission. Canada has exported 9.166 million tonnes of canola during the 11 months of […] Read more

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

GFM Network News

U.S. grains: Soybeans, corn fall on harvest pressure

U.S. livestock: Hog futures slide in technical correction

National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

Canola

Plant-protein processor’s new processing plant gets grant

U.S. investor to buy Prairie canola ‘streaming’ firm

ICE weekly outlook: Canola facing resistance ahead of harvest

Canadian canola prices spike as shippers find back door to China

Managed money’s net long position grows in canola

ICE weekly outlook: Weaker U.S. dollar ripples into canola

Canada says requirements for Huawei exec’s extradition to U.S. met

ICE weekly outlook: Canola scale-up selling to temper gains

Verticillium stripe should be on your radar for 2020 and beyond

Total Canadian canola exports solid, despite lost sales to China

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