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“But we lost a lot of acres… which suggests to me that some organic guys have let some of their organics land go. And they are growing canola on the side,” says Laura Telford. Photo: Greg Berg
Markets

ICE Canada Weekly: Canola in a good position

July contract to hit C$700/tonne, just when?

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Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.
The Canadian Grain Commission said Aug. 28 both dealer and primary elevator licences at Purely Canada Foods’ Saskatchewan facilities in Avonlea, Kindersley and Lajord had been pulled and farmers in all three prairie provinces could be owed money. | Screencap via youtube.com/Purely Canada Foods
News

Eligible Purely Canada claimants receive full payouts

Not all claims against the Saskatchewan-based company were eligible

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The Canadian Grain Commission has announced that producers owed money from Purely Canada Foods have been fully compensated, just days after a lender applied to place the company in receivership.
(Manitoba Co-operator file photo by Alexis Stockford)
News

Drought leaves Canadian farmers unpaid

Failure of unlicensed companies, complaint deadline, insufficient security seen as holes in farm support

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Hundreds of Canadian farmers have received delayed payments for their crops or not been paid at all, as a growing number of grain-buying firms declare bankruptcy amid drought and low commodity prices, according to interviews with dozens of farmers, a government agency, and a review of bankruptcy documents.