Brazil to import 1 mln tonnes of soy from U.S., says trader

SAO PAULO, (Reuters) – Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, […] Read more

Brazil’s Gavilon aims to be top non-traditional soybean exporter to China

SAO PAULO – Grains origination company Gavilon do Brasil could become Brazil’s largest non-traditional, “asset-light” soybean exporter to China in three years despite being a relatively new player here, a top executive said. Brazil general manager Fabrício Mazaia said in an interview the firm could reach that goal without immediately investing in assets such as […] Read more

European Commission approves Canadian canola for new biodiesel standard

WINNIPEG, Manitoba, Dec 19 (Reuters) – The European Commission has approved Canadian canola for use in producing biodiesel in the European Union under its tougher environmental standard, the Canadian government said on Tuesday. The EU currently requires feedstocks used to produce biodiesel to emit 35 percent less greenhouse gases over their life cycle than fossil […] Read more

Canola edges higher Tuesday on bargain buying

ICE Canada canola futures rose on Tuesday for just the second time in 10 sessions, on bargain-buying and a slowdown in technical selling. Higher Chicago soyoil prices added strength to canola. * January canola gained $2.60 to $493.80 per tonne. Most-active March canola rose $2.40 to $501.10. U.S. soybean futures fell for the ninth time […] Read more

Canola falls $10.10 per tonne on week on comfortable supply

ICE Canada canola futures edged higher on Friday, halting a seven-session skid on support from a weakening Canadian dollar. Canola’s slide began with a Dec. 6 Statistics Canada report that showed a much larger Canadian canola harvest than expected. January canola added $1 to close at $495 per tonne. Compared to the previous Friday, the […] Read more

Argentina rain dampens oilseed market Thursday

Expectations for improved soil moisture in Argentina with the forecast for weekend rain pressured oilseeds lower on Thursday. Soybeans were down a little more than one percent and canola fell a little less than one percent. The loonie has rallied back above US78 cents. Corn was basically unchanged and wheat rallied slightly on short covering […] Read more

Midwest lawmakers to consider biofuel proposals, but pledge to protect RFS

NEW YORK, Dec 13 (Reuters) – U.S. lawmakers from states that produce corn for ethanol plants said on Wednesday they would consider proposals from Senator Ted Cruz of Texas to help the oil refining industry cope with the nation’s biofuels regulation, but would never agree on anything that diminishes the program. The price of U.S. […] Read more

La Niña likely lasts through winter

The forecast likelihood for weak or moderate La Niña conditions to persist through the Northern Hemisphere winter increased in a monthly U.S. government weather forecast update. The Climate Prediction Center (CPC), an agency of the National Weather Service, pegged the chance of La Nina persisting through the winter at about 80 percent, up from 65 […] Read more