CNS Canada — Canadian canola stocks are rather large heading into the new growing season, but attention now is firmly on new-crop production. Statistics Canada on Friday pegged canola supplies in the country as of March 31 at 9.1 million tonnes, the second-largest on record for that time of year and about 1.1 million tonnes […] Read more
Canola stocks comfortable, eyes on new crop
ICE to move canola trade to U.S. exchange
The business of trading and clearing canola futures is poised to leave Winnipeg for New York City this summer. Atlanta-based Intercontinental Exchange (ICE), the operator of canola exchange ICE Futures Canada, announced Tuesday it will be “transitioning” the trading and clearing of canola contracts to New York-based ICE Futures U.S. and ICE Clear U.S. ICE […] Read more
Grain trade skeptical of StatsCan’s acreage outlook
CNS Canada — After predictions of record canola area and a drop in pulse acres, traders and analysts are doubtful of Statistics Canada’s predictions for smaller canola acres, much larger wheat acres and only minor reductions in pulse acres. “It’s unusual for everybody to just be this out of whack on this report,” said Ken […] Read more
Prairie flax market flat, acres set to decline
CNS Canada — A flat flax market in Western Canada has buyers feeling indifferent about this year’s prospects. “There’s no big hurrahs right now on flax… I hate to say it, I’m a very optimistic type of person, but it’s kind of a flat market right now,” said Ben Friesen, senior market manager at Scoular […] Read more
Richardson won’t renew canola, flax, soy funding
One of Canada’s biggest grain companies is stepping out of three Canadian oilseed industry organizations — and taking its funding when it goes. Winnipeg-based, privately-held Richardson International has announced it will not provide funding in 2018 for the Canola Council of Canada and the Flax Council of Canada, nor will it renew its funding commitment […] Read more
Flax Council of Canada to shut office
The national promotional agency for Canada’s flax industry plans to move forward without a bricks-and-mortar office starting next month. The Flax Council of Canada announced Monday its downtown Winnipeg office, which it shares with the Manitoba Flax Growers Association, will close effective Jan. 31. Going forward, the council said it will “continue to operate on […] Read more
Canola stocks look less tight in StatsCan report
CNS Canada — Canadian farmers grew a record amount of canola in 2017, despite weather concerns, according to updated production estimates on Wednesday from Statistics Canada. The agency pegged production in 2017-18 at 21.3 million tonnes, up from the September estimate of 19.7 million and last year’s total of 19.6 million. The rise in production […] Read more
Larger crops expected in StatsCan report
CNS Canada — Canada’s canola and wheat production likely ended up larger than earlier expectations, but just how much more remains to be seen, as industry participants await the Statistics Canada production report due out Wednesday. “The finish seemed to be better than what the weather looked like earlier in the year,” said Neil Townsend […] Read more
Trade expecting bigger canola, wheat numbers from StatsCan
Reuters — Canadian farmers harvested the biggest canola crop on record, slightly larger than was expected in September, a Reuters survey of 15 traders and analysts showed ahead of a key government report. Wheat production is also seen higher than earlier expectations, as favourable weather produced big yields. Statistics Canada will release its final crop […] Read more
Canadian flax prospects dimmed by China’s silk road
Winnipeg | CNS – China’s construction of a new “silk road” connecting the country to Europe isn’t likely to be good news for Canadian flax exporters. For several years, Canada has been the main exporter of flax to China but that could likely change if Kazakhstan ever has a direct link to the China. “We […] Read more
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