Insights and Stories on Canola

May. 5, 2021 at 10:00 pm CDT

MarketsFarm — The ICE Futures canola market continued its months-long upward trajectory during the week ended Wednesday, hitting fresh contract highs in many months as tight old-crop supplies and weather uncertainty for the new crop kept speculators on the buy side. While selling was starting to come forward to temper […]

By Phil Franz-Warkentin

Apr. 28, 2021 at 5:21 pm CDT

MarketsFarm — With declines in canola following Statistics Canada’s bullish-leaning projections for acres, it’s becoming more difficult to determine which way prices will trend in coming weeks and months. “Where are prices going to go? In any given year that’s challenging, especially in this year,” said David Derwin, analyst for […]

By Glen Hallick - MarketsFarm

Apr. 26, 2021 at 4:58 pm CDT

Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola […]

By Dave Bedard

Apr. 22, 2021 at 8:17 pm CDT

The Canadian arm of agrifood giant Cargill plans to further expand its reach in the Prairie canola market with a new crush plant at Regina and upgrades elsewhere. The company announced Thursday it would start construction on the $350 million plant “early next year” and expects to have it operating […]

By Dave Bedard

Apr. 21, 2021 at 8:48 pm CDT

MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish […]

By Phil Franz-Warkentin