Canola stands stronger, separating from soy

OTTAWA, (Reuters) – ICE canola futures rose on Monday. Canola was trading on its own strength and was not really following soybean oil, in part, because of the weak Canadian dollar, a trader said, adding that from a technical standpoint canola is starting to look a bit more bullish. There were also strong canola exports to Europe in the past week. May canola gained […] Read more

ICE canola futures ease, traders roll positions ahead

WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Tuesday, with little firm direction, as traders focused on advancing positions to the next contract month. Funds were covering March short positions and moving them to the May contract which now has the largest open interest, a trader said. March canola lost 40 cents to $459.40 per tonne. March-May canola spread traded […] Read more

Canola futures drop, follows soybeans

OTTAWA, (Reuters) – ICE canola futures fell on Monday on lower soybean oil prices. Farmers were not really selling, a trader said. Traders were spreading into soybean meal and selling soybean oil, which pressured canola. March canola dropped $1.50 to $459.80 per tonne. March-May canola spread traded 8,562 times. U.S. soybeans rose for the sixth straight day on expectations Beijing will meet […] Read more

ICE canola futures edge higher on weaker dollar, soybean gains

WINNIPEG, Manitoba, (Reuters) – ICE canola futures edged higher on Friday, helped by a weaker Canadian dollar and modest soybean strength. Rallies are limited by continued restraints shipping Canadian canola to China amid a diplomatic dispute, a trader said, adding that canola remains technically weak. March canola gained 30 cents to $461.30 per tonne. March-May canola spread traded 6,704 times. Chicago Board of Trade soybean […] Read more

ICE canola futures edge down slightly after three-day gain

OTTAWA, (Reuters) – ICE canola futures edged down on Thursday after a three-day gain. It was a reversal day on the market, a trade said, noting a lot of uncertainty remains about the impact of the U.S.-China Phase 1 trade deal. There was some selling and a little bit of export buying into the close, while spreading […] Read more

ICE canola futures rise for third day, helped by bargain-buying

WINNIPEG, Manitoba, (Reuters) – ICE canola futures rose on Wednesday for a third straight day, boosted by bargain-buying after a recent selloff and limited farmer sales of their crops. Global oilseed strength, especially of palm, added to canola’s lift, a trader said. March canola added $6.80 to $461.70 per tonne. March-May canola spread traded 6,223 times. Canadian stocks of canola as of Dec. 31 […] Read more

France’s Limagrain to launch plant-based protein food next year

PARIS, (Reuters) – French agricultural cooperative Limagrain on Tuesday said it is launching a new legumes business that aims to deliver plant-based food products from next year, betting on the fast-growing plant protein sector and a trend towards eating less red meat. Many large agricultural companies, including Archer Daniels Midland, Cargill and France’s Roquette have […] Read more

Wheat prices globally have shown solid responses to an overall rising agricultural commodity market.  |  Michael Raine photo

EU and US wheat markets up

Euronext wheat futures rose to a six month high on Friday, tracking a rally in Chicago, as technical momentum and export demand buoyed wheat markets. A sharp rise in the Euro, which reached a two-week high against the dollar, curbed gains on Euronext. March milling wheat, the most active contract on the Paris-based exchange, was […] Read more

Stronger dollar drops canola futures

WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Wednesday, pressured by a stronger Canadian dollar. * The Canadian dollar strengthened to a two-week high against the greenback as investors cut bets that the Bank of Canada would ease interest rates over the coming months. * January canola eased 30 cents to $452.60 per tonne. * January-March canola spread traded 7,753 […] Read more

Record Ukraine 2019 grain crop almost complete

KIEV, (Reuters) – Ukrainian farms have almost completed the 2019 grain harvest, threshing a record 74.7 million tonnes of grain from 99.1% of the sown area, the Ministry for Development of Economy, Trade and Agriculture said on Wednesday. The grain yield averaged 4.93 tonnes per hectare (1.9 tonnes per acre), the ministry said in a report. Ukraine […] Read more