China’s canola tariffs aside, the global oilseed complex has eased to a lower price level and is likely to stay there for now — that is, unless problems develop with crops in the U.S. or South America.
Tag Archives soybean oil
Avoid bargain-basement canola markets to ease tariff damage
Market Watch: AAFC’s latest forecast is more bearish for Canadian canola, but much also depends on the U.S. oilseed crop
Used cooking oil pressures soy
SASKATOON — The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst. The U.S. imported 3.2 billion pounds of UCO through the first eight months of 2024, which is double the volume for the same period one year ago. […] Read more
California shocks canola sector
SASKATOON — Canada’s canola processors have been blindsided by proposed amendments to California’s Low Carbon Fuel Standard. “We’re surprised and disappointed with what they’re proposing,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. Related stories: The California Air Resource Board (CARB) published its proposed amendments Aug. 12. They include a 20 per […] Read more
Coming canola crush capacity delayed
SASKATOON — Canada’s canola crush buildout is not going as smoothly as planned, according to the U.S. Department of Agriculture. “Project delays in 2023, 2024 and into 2025 have slowed the growth of crush capacity,” the USDA’s Foreign Agricultural Service (FAS) stated in a recent report. Related stories: Capacity is expected to reach 10.26 million […] Read more
Concerns raised that U.S. soy crush capacity is overbuilt
SASKATOON — Bankers in the United States are wondering if soybean crush capacity will be overbuilt in that country. They are leery that the sector may be following in the wobbly footsteps of the ethanol industry, which ended up with massive amounts of excess capacity in the 2000s. Related stories: “There is some concern that […] Read more
Soy oil price continues to slide
A technical analysis had DTN lead analyst Todd Hultman thinking soybean oil futures were going to finish October by closing above the 20-day average of US54 cents per pound. That would have signaled a bottoming out in prices and a bullish change in short-term momentum. That did not happen. Prices continued to fall, closing at […] Read more
Sustainable aviation fuel facility proposed for Manitoba
Provincial and federal governments kick in $2.9 million to support an engineering design study for the $1.9 billion project
Douglas Cole said he believes the market for sustainable aviation fuel is poised to skyrocket. The feedstocks for the proposed sustainable aviation fuel plant in Portage la Prairie would likely be canola and soybean oil.
Sustainable aviation fuel plant proposed for Manitoba
Douglas Cole, who worked in the oil and gas industry for decades before founding True North in 2017, said producing sustainable aviation fuel in Manitoba will help create a "Made in Canada" solution to carbon emissions.
