Winnipeg, March 2 (CNS Canada) – Like a rock thrown in a lake creates ripples flowing to the shore, canola production creates waves of economic activity that flow across Canada, according to a new study commissioned by the Canola Council of Canada. Canola’s value to the Canadian economy has tripled over the past decade to […] Read more
Phil Franz-Warkentin
Stories by Phil Franz-Warkentin
Wheat disease sees Canadian farmers looking at oats
Winnipeg, Feb. 27 (CNS Canada) – Canadian farmers are showing an increased interest in seeding oats this spring, despite a lack of activity from a pricing standpoint, as quality concerns in wheat and barley have growers looking to other cereals. “We are seeing a huge influx of acres into oats,” said Scott Shiels, grain procurement […] Read more
Canola crush margins continue downward slide
Winnipeg, Feb. 17 (CNS Canada) – Canola crush margins continue their downward slide, falling to their lowest levels in 10 months over the past week. Recent losses in many vegetable oil markets behind the declines. As of Feb. 17, the Canola Board Crush Margin calculated by ICE Futures Canada was at about C$86 above the […] Read more
Spring harvest likely to weigh on feed grain prices
Winnipeg, Feb. 14 (CNS Canada) – The seasonal lows in the Western Canadian feed grain market may stick around longer than normal this year, as the industry awaits the abnormal spring harvest of those fields left to overwinter this year. “The seasonals are fairly consistent,” said Jim Beusekom of Market Place Commodities in Lethbridge, Alta., […] Read more
StatsCan stocks in line with expectations, but questions remain
Winnipeg, Feb. 3 (CNS Canada) – Canadian canola stocks may be tighter than a year ago and wheat stocks larger, but the updated numbers from Statistics Canada may also need more asterisks than normal. StatsCan today pegged Canadian canola supplies as of Dec. 31 at 12.159 million tonnes. That was down from 13.452 million at […] Read more
Canada to seed more canola, less grain in 2017: Ag Canada
Winnipeg, Jan. 30 (CNS Canada) – Canadian farmers are expected to seed more canola but less wheat and barley in 2017 compared to the previous year, according to the first supply-demand estimates from Agriculture Canada for 2017-18 (Aug-Jul). Total area seeded to all crops is expected to rise slightly, due to a decrease in summerfallow, […] Read more
Canola crush margins tumble
Winnipeg, Jan. 26 (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 Jan. 26, the Canola Board Crush Margins calculated by ICE Futures Canada were at about C$100 above the March contract, which compares […] Read more
Will canola consolidate around $500?
Winnipeg, Jan. 10 (CNS Canada) – ICE Futures Canada canola futures are near an interesting point from a chart standpoint, with the most active March contract settling right at the $500 per tonne mark on Tuesday. In addition to being a psychological benchmark, $500 is also within thirty cents of the 200-day moving average of […] Read more
Canadian canola crushers running at full steam
Winnipeg, Jan. 6 (CNS Canada) – Canadian canola crushers showed no signs of slowing 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 Jan. 4 came in at 200,294 tonnes, according to the most […] Read more
Rising durum bids topping out in western Canada
Winnipeg, Nov. 22 (CNS Canada) – Durum bids in Western Canada posted solid gains over the past two months, with concerns over the quality of the crop behind much of the strength. However, prices are showing signs of topping out, and the highs may be in for now. Spot durum bids in southern Saskatchewan, where […] Read more
