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(Merit Functional Foods video screengrab via YouTube)
Crops

Merit Foods co-owner Burcon partnering on bid for assets

Unnamed 'plant protein company' now in on Burcon's bid

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A major shareholder in beleaguered pea and canola protein processor Merit Functional Foods has brought on an unnamed partner in its bid to buy the business out of receivership. After announcing last month it would submit a bid for the next-to-new Merit assets, Vancouver-based plant protein firm Burcon NutraScience said Monday it’s now “participating in […] Read more
Photo: Greg Berg
Crops, Markets

Analysts expect additional acres for canola, wheat

StatCan estimates due out Wednesday

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MarketsFarm — If traders and analysts are correct with their estimates, there will be slightly more wheat and canola acres seeded in Canada this year compared to 2022. Statistics Canada (StatCan) will release its first survey-based acreage estimates for the 2023-24 marketing year on April 26. Other than drier and cooler conditions in southern Manitoba, […] Read more
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

AAFC raises canola stocks projections

StatCan's early acreage estimates due out this week

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MarketsFarm — Canola ending stocks for both the current marketing year and 2023-24 were raised slightly by Agriculture and Agri-Food Canada (AAFC) in its latest supply/demand projections, released Friday. The government agency lowered its canola export forecast for 2022-23 by 200,000 tonnes from March, now pegging movement at 8.4 million tonnes. With domestic usage left […] Read more
ICE July 2023 canola with Bollinger bands (20,2). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Weather to influence canola price movement

Short-covering seen supporting front months for now

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MarketsFarm — Canola contracts on the ICE Futures platform held relatively rangebound during the week ended Wednesday, trading within a $20 per tonne range in most months as market participants wait to get a better handle on new-crop prospects. “There’s some concern developing on seeding delays,” said Jamie Wilton of RJ O’Brien in Winnipeg, adding […] Read more
Mycosphaerella blight (shown in photo) may pose a disease threat to pea crops in Alberta.
Canola, Cereals, Crops, Pulses

Prairie crop disease outlook for 2023

Your provincial experts guide you through disease pressures and risks for this season

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Predicting the crop disease outlook for the Canadian Prairies is never easy. With the wild swings in temperatures and precipitation the region faced over the past couple of years, the task has become even more challenging. “It’s always fun to speculate about what we might see,” says Michael Harding, a plant pathologist and crop health […] Read more
ICE November 2023 canola with Bollinger bands (20,2) and May 2023 canola (black line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: New-crop November canola set to step back

StatCan not expected to sway futures much

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MarketsFarm — There is presently little upside to new-crop November canola on ICE Futures, according to analyst Errol Anderson of ProMarket Communications in Calgary. Anderson pointed to losses in Malaysian palm oil and weakness in China’s soymeal market as weighing on ICE canola values, with more pressure coming out of South America. “The [soybean] production […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Canola, Crops

Louis Dreyfus expanding Yorkton canola crush plant

New expansion would more than double plant's capacity

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Louis Dreyfus’ Yorkton, Sask. canola crushing plant is about to undergo another major expansion. The project, announced Tuesday, is expected to add an additional canola crushing line and more than double the plant’s annual capacity to over two million tonnes upon completion. Construction is due to begin later this year. The crush plant, built in […] Read more
(File photo by Dave Bedard)
Canola, Crops, Markets

Canola fund short position shrinking

Managed money is net long on corn, soy

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MarketsFarm — Managed money fund traders continued to cover their large short positions in canola in early April, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of April 4, the net managed money short position in canola futures came in at 49,470 contracts (70,671 short; 21,201 […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Bidding open for Merit Foods for two more weeks

Stakeholder Burcon plans to put up 'compelling bid'

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The fate of Winnipeg pea- and canola-based protein processor Merit Functional Foods won’t be confirmed until the end of April at the earliest. Merit, whose major shareholders include Vancouver plant-based protein firm Burcon NutraScience, U.S. agrifood firm Bunge and former executives of Hemp Oil Canada, was placed into receivership March 1. According to the first […] Read more
Clint Jurke, agronomy director for the Canola Council of Canada, says he believes the Canadian canola industry has a lot to feel encouraged about.
Canola, Crops, Features

Tools to reach 52 bushels per acre canola in 2023

Focus on and execute these five agronomy priorities to increase overall yields and profitability

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Last year, the national average canola yield in Canada came in at 38 bushels per acre, according to Statistics Canada. It’s an improvement on 25 bushels per acre in 2021, when drought conditions drove yields down across Western Canada, but it’s still well short of the 52-bushel-per-acre yield target the Canola Council of Canada (CCC) […] Read more

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