Canola rebounds after hitting 3-month low

OTTAWA, (Reuters) – ICE canola futures rose on Monday after tumbling to a nearly three-month low on Friday amid ongoing fears about the potential impact an outbreak of coronavirus in China could have on the global economy. Oilseed markets appear to have stabilized and could rise provided coronavirus fears do not suddenly heat up again. The stock […] Read more

A U.S. judge has appointed a mediator to begin settlement talks between Bayer and plaintiffs over Roundup.  |  File photo

U.S. EPA and Justice Dept. want California Roundup ruling reversed

(Reuters) – The U.S. Environmental Protection Agency and the Justice Department said a federal appeals court should reverse a lower court verdict finding Bayer AG liable in the case of a California man who blamed its Roundup weed killer for his cancer. The government said in a friend of the court brief filed on Friday […] Read more

Short positions, good crusher demand pushes canola futures up

(Reuters) – ICE canola futures rose on Thursday as investors covered short positions following a sharp market decline on Wednesday, traders said. Good crusher demand also lent support. The January contract gained 1.2%, its biggest daily percentage gain in three months. January canola settled up $5.60 at $459.10 per tonne, while March futures ended $5.40 higher at $468.20. The […] Read more

Canola futures mixed as holidays approach

WINNIPEG, Manitoba, (Reuters) – ICE canola futures finished mixed on Tuesday, with the day’s volume dominated by spread trading as investors rolled January contract positions forward ahead of an expected slowdown in trading during the upcoming year-end holidays. Rising soybean and palm oil prices provided underlying support to canola, as did solid demand from canola exporters and domestic crushers. Commercial […] Read more

Canola futures up for third straight session

WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Monday for a third straight session, boosted by gains in soyoil and palm oil. * Canola is also helped by Friday’s Statistics Canada report that estimated a much smaller Canadian canola harvest than expected, although diminished Chinese buying amid a diplomatic dispute limits demand, a trader said. * Statistics Canada pegged the […] Read more

ICE canola futures ease on lower soybeans, improving crop weather

(Reuters) – ICE canola futures eased on Thursday on hedge selling and spillover pressure from declining soybean futures, but losses were limited by worries over a severe heat wave in European rapeseed producing areas, traders said. Cooler temperatures and scattered rains in some Canadian canola-production areas bolstered yield prospects and also weighed on futures. Most-active […] Read more

Canola falls on improving soybean condition

An improvement in the U.S. soybean crop condition rating pressured soybeans lower Tuesday and that pulled canola lower. It was generally a down day on crop markets as the slightly lower crop condition ratings for U.S. corn and spring wheat were offset by the generally favourable weather forecast for the Midwest. November canola dipped below […] Read more

EU chemical agency says weed killer glyphosate not carcinogenic

By Jussi Rosendahl and Tuomas Forsell HELSINKI, March 15 (Reuters) – Glyphosate, the key ingredient in Monsanto’s Roundup herbicide, should not be classified as a substance causing cancer, the European Chemical Agency concluded on Wednesday, potentially paving the way for its licence renewal in the EU. A transatlantic row over possible risks to human health […] Read more

Global grain supplies to hit record high in 2015/16

LONDON, Aug 27 (Reuters) – Global grain supplies will reach historic highs in the 2015/16 season, the International Grains Council said on Thursday, a development that could make world food prices even cheaper. The IGC raised its forecasts for wheat crops in Russia, Ukraine and the European Union and also upwardly revised its outlook for […] Read more

Fertilizer maker Mosaic beats quarterly profit estimates

Aug 4 (Reuters) – U.S. fertilizer company Mosaic Co reported a much higher-than-expected quarterly profit on Tuesday, helped by strong phosphates sales and improved potash prices. Mosaic’s shares rose 2.8 percent to $43.96 in New York. Second-quarter net earnings climbed 57 percent to $390.6 million, or $1.08 per share. On an adjusted basis, Mosaic, the […] Read more