In a show of independent strength, canola futures on the Intercontinental Exchange (ICE) had one of its best weeks this calendar year during the week ended April 24.
Tag Archives canola crushers
ICE Weekly: Canola rises sharply
Canadian canola crush hit record in 2023: StatCan
Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.
Imperial Oil clears Edmonton renewable diesel plant for construction
Quick decision motivated in part by need for feedstocks such as canola oil, company says
Reuters — Imperial Oil on Thursday announced approval for an investment of $720 million to build Canada’s largest renewable diesel facility at its Strathcona refinery near Edmonton. The Calgary-based company said the facility will produce 20,000 barrels per day of renewable diesel and is expected to start production in 2025. Imperial expects regulatory approval for […] Read more
ICE weekly outlook: Canola futures bend under pressure
MarketsFarm — As the speculative longs for ICE Futures canola keep trying to defend their position, trader Ken Ball of PI Financial in Winnipeg said the pressure on canola continued to build. That’s especially so with declines over the last few weeks in Chicago soyoil, Malaysian palm oil and European rapeseed, he said. “No one […] Read more
Canadian canola crush up 8.5 per cent on year-to-date
MarketsFarm – Canada’s canola crush is running well ahead of the year ago pace, according to the latest data from Statistics Canada. Four months into the 2019/20 marketing year, which began Aug. 1, more than 3.3 million tonnes of canola have been crushed, according to the report released Dec. 19. That’s a jump of 8.5 […] Read more
Canada’s weekly canola crush tops 200,000 tonnes
CNS Canada — Canadian canola crushers saw their second busiest week ever during the week ended Wednesday, according to the latest data from the Canadian Oilseed Processors Association. The canola crush in the latest weekly reporting period came in at 204,820 tonnes, only slightly off the record of 208,268 tonnes hit in March. A total […] Read more
Canola crushers running at full steam
CNS Canada — Canadian canola crushers showed no signs of slowing down their record pace over the Christmas and New Year’s holidays, with the weekly crush topping 200,000 tonnes for only the second time ever. The canola crush during the week ended Wednesday came in at 200,294 tonnes, according to the most recent Canadian Oilseed […] Read more
Canadian canola exports picking up
CNS Canada — Weekly Canadian canola exports hit their second-highest level of the marketing year to date during the latest reporting period, although total out-of-country business is still running behind the year-ago level. Canada exported 293,300 tonnes of canola during the week ended Sunday, according to the latest Canadian Grain Commission data. That compares with […] Read more
Canada’s canola crop woes cut crusher profits to two-year low
Winnipeg | Reuters — Problems with Canada’s canola crop are driving up the oilseed’s price, cutting processors’ margins to their lowest levels in two years and threatening to boost the price of a key ingredient of salad dressings and potato chips. Frost and dry conditions on the Canadian Prairies have damaged the crop, which processors, […] Read more
Canola crush margins holding steady near $100
CNS Canada — Canola crush margins in Western Canada may be well off the highs seen last winter but are still very profitable for domestic processors as they hover around $100 per tonne above the futures. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing […] Read more
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