The expansion in canola crush capacity in Western Canada over the next few years is expected to create opportunities to not only maximize the amount of canola meal in domestic animal feed rations, but also to unlock new demand for feeding livestock and fish in the Indo-Pacific region. “We’re probably seeing about another three million… Read More
Category: Canola Marketing
New demand for canola oil is driving a wave of expansion in canola processing capacity, and along with it, there’s going to be a large increase in the supply of the main byproduct — canola meal. The amount of canola processed in Western Canada is expected to grow by around 50 per cent in two… Read More
It’s a good time to be in the canola business, as vegetable oil demand is up, and the world wants Canadian canola. So says Jim Everson, president of the Canola Council of Canada, who gave a state of the industry address at Canola Week in Saskatoon, Sask. this week. There’s plenty to be optimistic about… Read More
When it comes to marketing grain crops, we all seem to have different strategies, and there isn’t necessarily one ‘correct’ answer. In the late 2020 oilseeds market, we are seeing highs that haven’t been experienced in years. And the prices just keep climbing. Those that sold weeks ago at what they thought were the highs,… Read More
As growers continue to plug away at harvesting remaining canola acres, a lot of the crop already in the bin is in less than ideal condition. On this episode of RealAgriculture’s Canola School, Canola Council of Canada agronomy specialist Angela Brackenreed offers management tips for growers who have canola in bins that could be 15… Read More
Canadian canola producers are among the most efficient when it comes to cost-of-production — with the exception of seed costs— but Canadian growers also receive slightly lower on-farm prices than canola and rapeseed producers in other parts of the world. “We’re basically leading, together with Ukrainian producers, in cost-of-production,” explains Joerg Zimmermann in the Canola… Read More
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
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
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
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
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 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
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
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
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