Canola futures finish stronger

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Wednesday, as there are few farmers selling at this time, according to an analyst. Also, canola benefitted from gains in Chicago soyoil and European rapeseed, but these were tempered by losses in Malaysian palm oil. A trader pointed out the markets have yet […] Read more

France must put gene-edited crops under GMO rules this year – court

PARIS, (Reuters) – The French government must in the coming months change its policy on crops developed using a breeding technique called mutagenesis to adhere to stricter rules for genetically modified organisms (GMOs), a court ruled on Friday. The decision by France’s top administrative court follows a ruling by the Europe Union’s highest court in […] Read more

World food prices rise for 4th month running, cereal outlook up – U.N.

ROME, (Reuters) – World food prices rose for the fourth month running in January, boosted by jumps in quotations for vegetable oils, sugar and wheat, the United Nations food agency said. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, […] Read more

Russia to start sowing spring grains earlier than usual

MOSCOW, (Reuters) – Russian farmers will start their 2020 spring grain sowing campaign earlier than usual because of warm winter in the country, the agriculture ministry said on Tuesday. Due to warm winter, some farmers in Russia’s Southern and North-Caucasus districts plan to enter fields in the next few days, agriculture minister Dmitry Patrushev was […] 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

Feed Grain Weekly: Buyers not looking to make purchases

WINNIPEG,(MarketsFarm) – Feed grain prices were beginning to soften as many buyers don’t have a major need to purchase from growers, said Nelson Neumann, senior trader for Agfinity in Stony Plain, Alta. “There’s still obviously a demand, but buyers are pretty well covered for the February-March timeframe. That’s a window where a lot of growers […] Read more