Winnipeg | Reuters — State-owned Chinese agribusiness Cofco Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. Cofco opened its Canadian trading office in […] Read more
Tag Archives Canola — page 92
China’s Cofco seeks larger Canadian canola volumes
Record weekly canola exports reported
Winnipeg | CNS Canada – Canada exported the most canola in a single week ever during the week ended November 5, according to the latest Canadian Grain Commission report. The CGC pegged weekly canola exports at 470,200 tonnes of canola during the reporting period. That compares with average weekly exports over the past year of […] Read more
TPP talks without U.S. near final stretch
Urayasu, Japan | Reuters — The 11 remaining nations in the Trans-Pacific Partnership (TPP) without the United States edged toward sealing a comprehensive free trade pact after New Zealand agreed to amend laws that are not subject to TPP, to enable its ban on foreign home purchases. The pact aims to eliminate tariffs on industrial […] 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 crush margins half of year-ago level
CNS Canada — Canola crush margins in Western Canada are at about half the level as seen at the same point a year ago. As of Monday, the Canola Board Crush Margin calculated by ICE Futures Canada was about $56 above the November contract, which compares with levels a month ago of roughly $71. At […] Read more
Prairie canola, soy now in Cargill ProPricing portfolio
Canola and soybean growers in Western Canada are now able to get in on Cargill’s ProPricing grain marketing program for the 2017-18 season. The U.S. agrifood company’s Winnipeg-based Canadian arm announced Sept. 14 it would offer its first-ever canola contract in its ProPricing portfolio, allowing eligible growers to hand off a portion of their canola […] Read more
Canadian canola deliveries reported near record
CNS Canada — Canola remains the cash-flow king of the Prairies, with farmers making near record deliveries off the combine in the Canadian Grain Commission’s latest weekly report. A total of 627,000 tonnes of canola were delivered into the commercial system during the week ended Sept. 10, which would mark the third highest single week […] Read more
Year-ago Canadian canola crop revised higher
CNS Canada — Canada’s 2016 canola crop has been revised higher in Statistics Canada’s first production estimates for 2017, released Thursday. StatsCan raised the 2016-17 production number from 18.4 million tonnes to 19.6 million, and pegged the 2017 crop at 18.2 million tonnes, which was somewhere in the middle of trade estimates. “I think there’s […] Read more
Clubroot climbs up into Peace region
One of Canada’s northernmost farming areas has picked up a case of a disease well known to canola growers further south. Alberta Canola on Wednesday announced the Peace region has reported a case of clubroot in canola, in Big Lakes County, which surrounds much of Lesser Slave Lake in the region’s southeast. The disease has […] Read more
ICE Canada canola futures climb for third straight day
Chicago/Reuters – ICE Canada canola futures climbed on Wednesday for a third straight session, buoyed by a lack of moisture in parts of the Canadian Prairies and spillover strength from U.S. soyoil values, traders said. November canola rose $5.50 to settle at $511.20 per tonne, and January canola ended up $5.40 at $516.50. Chicago Board […] Read more
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