Canola recovers to post small gains

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled with small gains on Friday, recovering from earlier losses as speculative buying interest provided support. After drifting lower with Chicago Board of Trade soybeans and soyoil in early activity, canola uncovered some support of its own and moved above unchanged in the most active front […] Read more

Canola slips with soyoil

  Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished lower on Thursday, due to weakness in U.S. soyoil. The May contract ran into some technical resistance, which drove it lower. Large world supplies of oilseeds weighed on prices. The Canadian dollar has risen significantly since Monday, which undermined the market. However, the […] Read more

Ag Canada releases slight supply/demand table adjustments

Winnipeg (CNS Canada) – Agriculture and Agri-Food Canada included only minor adjustments in their latest supply/demand tables, released on March 22. The market analysis branch of Agriculture Canada left its production estimates unchanged for the upcoming 2018/19 growing season. Ending stocks of the major grains and oilseeds for 2018/19 were lowered to 13.875 million tonnes, […] Read more

Canola ends mixed as dollar offsets rise in soyoil

Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished higher on Wednesday, taking strength from gains in U.S. soyoil. Speculative buying and slight gains in U.S. soybeans were also supportive for the market. Recent exports of both old crop and new crop were bullish for canola, according to a trader in Winnipeg. Slow […] Read more

U.S. top trade diplomat says ‘nobody wins’ trade war but readies China action

WASHINGTON (Reuters) – America’s top trade diplomat is readying a mix of tariffs on Chinese imports and investment restrictions to punish Beijing for its alleged theft of U.S. intellectual property if President Donald Trump gives the go-ahead, a move that could come by Friday. U.S. Trade Representative Robert Lighthizer told the House of Representatives Ways […] Read more

Deere & Co fears hit from Trump tariffs, retaliation – CEO

GRANADERO BAIGORRIA, Argentina, (Reuters) – U.S. tractor maker Deere & Co is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, Chief Executive Samuel Allen told Reuters in an interview on Wednesday. The 25 percent tariffs, which U.S. President Donald Trump […] Read more

New Sask. lieutenant governor sworn in

Thomas Molloy was sworn in today as Saskatchewan’s new lieutenant governor. Molloy, 77 and from Saskatoon, has a law degree from the University of Saskatchewan and is former chancellor of the institution. He is well known as a negotiator and adviser on indigenous issues. He was involved in treaty negotiations in every province and territory […] Read more

Manitoba edible bean crop dependent on soybeans

Winnipeg (CNS Canada) – After Manitoba grew its largest edible bean crop in more than a decade in 2017, a downturn could be expected in 2018. However, new crop pricing opportunities look favourable and industry participants say it’s still too early to get a firm sense on seeding intentions. “The pinto market is long in […] Read more

Canola recovers after selloff

Winnipeg (CNS Canada) – The ICE Futures Canada canola complex corrected higher on Tuesday, retaking some of the ground it lost after yesterday’s selloff. The Canadian dollar is relatively weak, which encouraged buying from out-of-country customers. Advances in U.S. soymeal and soybeans were supportive for canola. Speculative buying was a feature of the activity. However, […] Read more

Brazil farmers focus on yields amid another record soy harvest – consultant

LUÍS EDUARDO MAGALHÃESB (Reuters) – Brazilian farmers, who are expected to harvest another record soy crop thanks to good weather this year, are placing an unprecedented emphasis on maximizing yields, said André Pessoa, founding partner of consultancy Agroconsult. This stance, which ends up reducing use of deforested areas for farming, is being exacerbated by problems […] Read more