Category: Canola Marketing

Canola School: Free Fatty Acids & Funky Colours — Understanding What Happens to Over-Wintered Canola Pt. 1

The unprecedented amount of canola left in the field over winter in Saskatchewan and Alberta has producers and processors trying to figure out the value of this crop. Very little research has been done previously on the impact of snow and over-wintering on canola quality, says Veronique Barthet, oilseed research scientist at the Canadian Grain… Read more »

Canola School: Trade Deal with China Holds Huge Potential for Canola

As the Canadian government contemplates moving forward on a free trade agreement with China, the canola industry sees tremendous potential to increase exports to the country that already imports more canola seed than any other. That’s because Canadian canola seed headed to China currently faces a nine percent tariff, whereas the tariff on soybeans is… Read more »

Canola School: U.S.-First Biofuel Policy Could Boost Canadian Canola Demand

President Trump’s U.S.-first biofuel policy could be bullish for Canadian canola demand, according to the president of Chicago-based Ag Resource Company. As Dan Basse explains in this market-themed Canola School episode, the United States imported about two million tonnes of B100 biodiesel from Argentina last year, offering a dollar/gallon tax credit for it. “A lot… Read more »

Canola School: Who is Pushing for Change in Global Markets?

There’s no long-term trend talk of any agriculture commodity sector, it seems, that doesn’t include at least some reference to China. After all, it’s not just a populous country, it’s a huge economic driver and consumer of Canadian agriculture products. Imagine, then, what it would mean to have the Chinese market closed, a market worth… Read more »

Canola School: Where Does Canadian Canola End Up?

Ever wonder where Canadian canola ends up? 90 percent of the canola grown in Canada leaves the country to be processed and/or consumed in almost 50 countries around the world, explains Bruce Jowett, vice-president of market development with the Canola Council of Canada, sharing a rundown of export markets in this Canola School episode. The United… Read more »

Canola School: Supply Crunch Looming for Canola?

Canola supplies will likely be tight leading up to harvest this fall, and could be even tighter in 2017 based on StatsCan estimates, average yields and demand trends. “The market is definitely telling us supplies are not going to be as abundant as what we’ve had over the last few years, and I would say it… Read more »

Canola School: Changes Drive Competition in Cash Advance Program

The administration of cash advances has become a competitive business following legislative changes to the federal government’s cash advance program last year. With the passage of Bill C-18, each producer group that serves as an Advance Payments Program administrator (find a list here) can issue the short-term loans for all 45 crops and livestock types covered in… Read more »

Canola School: Keeping the Chinese Market Open — The Canola Council’s Position on Quinclorac Herbicide

China imports about one-third of the canola grown in Canada. It’s critical Canadian canola meet the requirements for selling into the Chinese market. That’s why the Canola Council of Canada is advising against the use of quinclorac herbicide on canola in 2016, explains Brian Innes, vice president of government relations for the CCC, in this Canola School… Read more »

Canola School: The Pros & Cons of Component Pricing

A new report commissioned by SaskCanola says there would be no net benefit to producers from implementing a component pricing system that offers premiums or discounts based on canola’s oil content. “There was some discussion a few years ago when crush margins were widening — are farmers receiving a fair amount for the canola they’re growing… Read more »

Canola School: Canola Prices Capped by Tight Crush Margins, Heavy Oil Supplies

While the lower value of the Canadian dollar is supporting prices, canola values are still caught in a global oilseed market weighed down by heavy supplies. “It’s a bit of a mixed bag for canola, within the context of a lot of negative things,” explains Shaun Wildman, Regina-based senior trader with Seaboard Corp, in this… Read more »

Canola School: Understanding What the TPP Could Mean for Canola Growers

The canola industry has been among the most vocal advocates of Canada being part of a possible Trans-Pacific Partnership trade deal. So what’s in it for canola growers? According to industry estimates, canola exports could grow by $780 million if tariffs on Canadian canola oil and meal were eliminated across the TPP region. For this… Read more »

Canola School: Determining Fair Dockage for Canola

The value of a load of canola delivered to an elevator can vary by a few hundred dollars depending on the sieve used by the elevator to determine dockage. According to the Official Grain Grading Guide, an elevator can choose between five different slotted sieves, with slots ranging in size from 0.028 to 0.040 of… Read more »

Canola School: Will Canola Supplies Be Tight? — A Market Update With Glen Pownall and Marlene Boersch

Canola supplies could be tight by the end of the 2014-15 crop year, depending on who you believe. On one hand, Statistics Canada last week pegged 2014 canola production at 15.6 million tonnes. On the other hand, most of the trade is estimating production at between 14 and 15 million tonnes, with carry-out stocks next summer… Read more »

Canola School: Does Your Canola Pass the Smell Test? Reports of Heated Canola Rise

There’s been a rise in reports of heated canola over the last few weeks, with some crushers saying they can’t accommodate any more until well into the new year. “It’s unfortunate this has to happen, but it is a good reminder for the rest of us to monitor our bins,” says Angela Brackenreed, agronomy specialist… Read more »

Ag Canada Earmarks $15 million for Canola Industry Funding

Gerry Ritz was on hand at Richardson’s Kelburn Farms, just south of Winnipeg, today to announce a federal government commitment of $15 million to the canola industry. This funding, through Growing Forward 2, will be leveraged to bump that total to more than $20 million, says Patti Miller, president of the Canola Council of Canada… Read more »