Winnipeg | CNS Canada — As China’s consumption of higher-protein foods continues to grow, so too does its selectiveness for which oilseeds it will pursue on the open market. So far, it’s a race canola does not seem to be winning. “The big demand factor in China is protein, rather than vegetable oil,” said Felix […] Read more
Tag Archives crush margins — page 4
Chinese protein preference becoming big obstacle for canola
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
ICE weekly outlook: Canola looks to rise with commercial interest
CNS Canada — ICE Futures Canada canola contracts finished mixed during the week ended Wednesday as intermonth trading took hold with traders exiting the May contract in favour of the more deferred values. The May contract gained $5.70, while some of the outside contracts lost a few days. Ideas that supplies of canola are tightening […] Read more
Canadian canola crush sets new weekly record
Canada’s canola crush hit a new weekly record during the week ended Wednesday, with processors across the country operating at nearly full capacity. The canola crush during the week ended March 22 came in at 208,268 tonnes, according to the most recent Canadian Oilseed Processors Association report. That puts the crush capacity utilization for the […] Read more
Sharp futures drop sees canola crush margins rise
CNS Canada — The sharp break lower in Canadian canola futures prices on Thursday caused crush margins to rise to their widest levels since January, as the product values have not fallen to nearly the same extent. Canola Board Crush Margins calculated by ICE Futures Canada were at about $114 above the May contract as […] Read more
Between the Rows: Tech, teaching and tonnage
It’s no secret that technology companies have placing agriculture-related bets in recent years, but their total investment in startups is down from its 2015 peak. Has Silicon Valley cooled on agriculture or will it keep pushing at what some describe as tech’s “last frontier?” On this week’s episode of Glacier FarmMedia’s new podcast Between the […] Read more
Canola crush margins continue downward slide
CNS Canada — Canola crush margins have continued their downward slide, falling to their lowest levels in 10 months over the past week. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $86 above the March contract, which compares with levels a month ago of roughly $126. Crush […] Read more
ICE weekly outlook: Canola runs into headwind
CNS Canada — ICE Futures Canada canola contracts are running into major upside resistance from a chart standpoint, with a turn lower more likely than additional gains in the near term. “The demand component for canola remains quite strong, although domestic crush margins have diminished,” said Mike Jubinville of ProFarmer Canada. Soyoil futures at the […] Read more
Canola crush margins tumble
CNS Canada — Canola crush margins dropped by more than $30 per tonne over the past two weeks, which may be putting a damper on end-user demand. As of Thursday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $100 above the March contract, which compares with levels only two weeks […] Read more
ICE weekly outlook: Weather trumps Trump on canola
CNS Canada — ICE Futures Canada canola contracts posted substantial gains during the week ended Wednesday, taking strength from a rally in the soy complex. Both front-end contracts rose $17 on the week, with the March contract jumping from $498 at its Jan. 11 close to settle at $515 a week later. Weather concerns in […] Read more
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