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Canola crush down, soy crush up, StatsCan reports

MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July, […] Read more

Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7 […] Read more

File photo of a pumpjack in an Alberta field. (ImagineGolf/E+/Getty Images)

Alberta farmers warned against oil well tampering

Advocate warns off 'reckless advice'

Alberta’s Farmers’ Advocate Office (FAO) is warning any farmers and ranchers in dispute with resource companies over compensation for well sites not to go in and tamper with the taps. The FAO last week issued a statement reminding the public that “interfering with any oil and gas infrastructure or that of an electrical distribution utility […] Read more

A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

Oil on rail likely won’t interfere with grain movements

CNS Canada — When considering the pattern of how grain is shipped by rail in Canada, it’s very unlikely increased oil shipments would interfere, according to Quorum Corp. “That’s largely because the flow of grain is predominantly to the West Coast and Thunder Bay,” said Quorum president Mark Hemmes. About 80 per cent of Canadian […] Read more

(File photo by Dave Bedard)

Alberta to buy rail cars for oil

Ottawa | Reuters — The Alberta government is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said Wednesday, as the province takes actions to move oil stuck in the region because of a lack of pipeline capacity. […] Read more


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Cold, wet weather delays Prairie sunflower harvest

CNS Canada — For sunflowers it was a tough year that began with dry conditions at seeding time, then more dry weather in July and August, only to be topped off by a cold, wet fall. The quality of sunflowers, however, is said to be pretty good in Western Canada. Darcelle Graham, executive director of […] Read more

(Dave Bedard photo)

Dwindling diesel supplies could boost price

CNS Canada — Strong global demand and a looming North American harvest could send diesel prices higher in coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring […] Read more

(Dave Bedard photo)

ICE weekly outlook: Sideways canola seeks spark

CNS Canada — ICE Futures Canada canola contracts remain stuck within a sideways trading range awaiting a spark that would push values one way or the other. “We could have had this conversation two months ago… canola is refusing to budge from a range,” analyst Mike Jubinville of ProFarmer Canada said of the lack of […] Read more


(Dave Bedard photo)

Macquarie to buy Cargill’s global oil business

Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more