Canola retreats from gains

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Friday’s close, retreating from earlier gains with losses in the nearby July contract and strength in the new crop months. Positioning ahead of the long weekend was a feature, as Canadian markets will be closed for Victoria Day on Monday while markets […] Read more

China trade row sows confusion in farmer planting plans

CHICAGO (Reuters) – Tom Giessel is cutting back on plantings this year on his farm in central Kansas as he reckons with a drought, a glut in global grains supply and trade tensions between the United States and China. About 200 miles away in the northwestern part of the state, farmer Janet Bear swapped the […] Read more

Canola higher, Soybeans drop

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, seeing a modest recovery after Wednesday’s declines. Gains in Chicago Board of Trade soyoil provided some spillover support for canola, although soybeans were lower. There were some ideas circulating the market that looming Chinese tariffs on U.S. soybeans were shifting some oilseed […] Read more

Canola, soybeans end lower

  Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Wednesday, taking some direction from Chicago Board of Trade soybeans and soyoil. Strength in the Canadian dollar added to the weaker tone in canola, as the currency rallied back above 78 U.S. cents. Bearish chart signals contributed to the declines as the […] Read more

Cargill has ‘significant concerns’ over U.S.-China trade strategy

CHICAGO (Reuters) – Cargill Inc. is concerned the White House’s strategy to address unfair trade practices with China will not work and could lead to an escalating trade war, according to prepared comments the global grain merchant sent to U.S. Trade Representative Robert Lighthizer. The five-page letter, submitted on Friday and made public on Monday, […] Read more

China to cut rice, corn planting, grow more soybean

BEIJING (Reuters) – China is expected to grow less rice and corn this year while increasing planting of soybean and other grains, local media citing the country’s agricultural ministry reported on Wednesday. Planting area for rice is expected to drop by more than 10 million mu compared with a year earlier to 440 million mu, […] Read more

South America, Europe footprint gives Bunge edge – CEO

CHICAGO/NEW YORK (Reuters) – Bunge Ltd is able to withstand any global agricultural trade disruptions arising from U.S.-China tensions, thanks to its massive soybean processing capacity in South America and expansion in Europe, Chief Executive Soren Schroder said at an investor event in New York on Wednesday. While ongoing trade tensions are not good for […] Read more

Brazil land costs hurt soy expansion as focus shifts to yields

VERA, Brazil (Reuters) – Brazilian farmers looking to expand soybean acreage next season to meet strong Chinese appetite will have to weigh rising land costs in farm country, growers and analysts said on a crop tour of fields in Mato Grosso. Producers in the country’s No.1 grain state may prefer to spend the returns from […] Read more

Corn and soybeans sinking below major support

WINNIPEG (CNS) – Corn and soybean futures on the Chicago Board of Trade softened in value during the week ended May 16 and could be set to drop even more as growing conditions improve in the United States. Rainy conditions across the U.S. Midwest and U.S. Plains have pressured prices in recent days. The July […] Read more

Canola strong despite dryness

By Phil Franz-Warkentin, Commodity News Service Canada Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Tuesday, with weakness in the Canadian dollar behind some of the strength. Dryness concerns across much of the Prairies were also supportive. Many areas are in need of moisture, but there is little in the nearby […] Read more