Canola drops amidst sagging oil complex

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Monday, following pricing trends set last week. Canola values were dragged down by lower prices for Malaysian palm oil and soybeans on the Chicago Board of Trade. One trader said “the shine has come off of the vegetable oil complex.” Canola prices have […] Read more

Ukraine grain exports up 35% yr/yr – ministry

KIEV, (Reuters) – Ukraine has increased its grain exports by 35 percent to 23.8 million tonnes in the 2019/20 July-June season helped by higher wheat and corn exports, the ministry of economy and agriculture said on Wednesday. Wheat exports rose to 13.1 million tonnes from 9 million a year earlier, the ministry said in a […] Read more

Brazil corn demand to jump in 2020; sharp drop in exports likely

SAO PAULO, (Reuters) – Domestic demand for corn is expected to grow six percent in Brazil in 2020, driven by increasing corn-ethanol production and buying from the meat industry, which uses the cereal to make livestock feed, Dutch bank Rabobank projected on Thursday. That outlook would likely reduce exports from one of the world’s top […] Read more

Wet autumn to cut wheat area in France, UK in setback for next harvest

PARIS, (Reuters) – Heavy autumn rain is expected to lead to a fall in wheat sowings in France and Britain, raising early doubts over prospects for next year’s harvest in Europe, analysts said. After drought hampered drilling of rapeseed in late summer, a shift to wet weather from October has disrupted the subsequent wheat and […] Read more

Firm Western Canadian feed market leveling off

Winnipeg, (MarketsFarm) – Logistics issues moving grain where it needs to be in Western Canada continue to prop up feed prices, but the market is starting to level off, according to a broker. “We are seeing a bit of a shortage of trucks,” said Tracy Green of Market Master Ltd. in Edmonton, adding “things are […] Read more

Canola stays within range; wheat up due to higher exports

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Friday, amid quiet trading activity due to the Thanksgiving holiday. One trader said canola is “chopping up and down” in a range due to the quiet activity in United States commodity markets. Canola is expected to remain range-bound into the New Year, with […] Read more

Canola futures bounce back

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished higher on Wednesday, recovering from losses earlier in the week. One Winnipeg-based trader said canola was “due for a bounce” after incurring losses over several days. Canola prices are expected to be mostly range-bound for the next few weeks. The price rebound was supported by […] Read more

Canola futures drop again

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Tuesday, following trends set earlier in the week. Prices began the week lower, pressured by the weeklong CN Rail strike. The strike was said to be Canada’s longest railwork stoppage in a decade. However, CN Rail announced on Tuesday morning that some workers […] Read more

Canola futures drop on speculative selling

Winnipeg, (MarketsFarm) – The ICE Futures canola market declined to its lowest levels in three weeks on Monday, testing key chart support as speculative selling weighed on prices. Losses in Chicago Board of Trade soyoil and the ongoing strike at Canadian National Railway added to the bearish tone, according to participants. However, good demand from […] Read more

Canadian canola crush posts new monthly record

Winnipeg (MarketsFarm) – Canadian oilseed processors set a new monthly record in October 2019, crushing 882,301 tonnes of canola during the reporting period, according to the latest data from Statistics Canada. The crush pace was up by 114,000 tonnes from the previous month and compares with the year-ago October crush of 786,770 tonnes. The previous […] Read more