Good tidings for canola in 2017

Farmers might have long faces from bad canola basis levels for most of the fall, but some analysts think they might find much to smile about in the new year. Buyers’ hunger for canola should strengthen after the present futures rally settles and the cash market chews through enough of the 2016-17 crop. “We think […] Read more

Tight margins see crushers slow down

Crude oil prices, a weak Canadian dollar and poor soybean meal contracts factors in tight margins

Canola crush margins are tightening, and that means lacklustre bids for old crop, say analysts. The canola board crush margin was $65 per tonne as of May 22, down from $173 per tonne a year ago. “There is definitely a down trend going on here,” said an oilseed analyst who requested anonymity. Joel Horn, president […] Read more