Canola & Production Tips

Artist’s rendering of the Merit Functional Foods plant under construction in Winnipeg. (Merit Foods graphic)

Bunge buys into canola, pea protein maker Merit

Agribusiness giant takes quarter stake in processor

By Dave Bedard, GFM Network News August 28, 2020

One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” worth 25 per cent. Burcon […] Read more

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

Canola, Crops, Markets

ICE weekly outlook: How long can canola rally last?

By GFM Network News August 27, 2020

MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more

Canola, Crops, Markets, Soybeans

Canola crush down, soy crush up, StatsCan reports

By MarketsFarm Team, GFM Network News August 26, 2020

MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July, […] Read more

ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Canola steady at midweek

By GFM Network News August 20, 2020

MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to […] Read more

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

Canola, Crops, Peas

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

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

GFM Network News

U.S. livestock: CME cattle futures higher on year-end positioning

U.S. grains: Soybean futures fall, shrugging off China purchases

Growing pains: An Ontario city’s urban agriculture efforts show good policy requires real capacity

Canola

Bunge buys into canola, pea protein maker Merit

ICE weekly outlook: How long can canola rally last?

Canola crush down, soy crush up, StatsCan reports

ICE weekly outlook: Canola steady at midweek

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

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