Insights and Stories on Canola

Sep. 2, 2020 at 8:23 pm CDT

MarketsFarm — ICE Futures canola contracts remained pointed higher during the week ended Wednesday, hitting some of their best levels in two years. However, its upside may be limited as harvest picks up over the next month. “Canola could go a little higher, but we’re probably pushing upper ranges for […]

By Phil Franz-Warkentin

Aug. 27, 2020 at 8:55 pm CDT

One of the world’s biggest grain companies is getting in on a processing facility under construction in Winnipeg to extract plant-based proteins from canola and peas. Winnipeg-based Merit Functional Foods announced Thursday it has received a $30 million “capital investment” from Bunge, giving the U.S. grain firm a “minority interest” […]

By Dave Bedard

Aug. 26, 2020 at 7:55 pm CDT

MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith […]

By Glen Hallick - MarketsFarm

Aug. 25, 2020 at 7:21 pm CDT

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 […]

By MarketsFarm Team

Aug. 19, 2020 at 8:00 pm CDT

MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States […]

By Marlo Glass – MarketsFarm