MOSCOW, (Reuters) – Russia’s agriculture ministry is looking to set a non-tariff quota for grain exports of 20 million tonnes in January-June, it said in a statement on Tuesday, adding the quota would be scrapped later in the most active part of season for trading. This follows comments last month by the ministry that Russia, the world’s […] Read more
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Russian ministry seeks to limit grain exports
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
Thunder Bay wraps up active shipping season
Winnipeg,(MarketsFarm) – The last cargo-vessel of the year departed the Port of Thunder Bay on Jan. 12, bringing total cargo shipments through the facility to their highest level in half-a-decade. “Strong shipments of Prairie-grown grain and other dry bulk commodities from Western Canada buoyed the port’s cargo tonnage to 9.3 million metric tonnes (MMT), the […] Read more
Canola futures mixed on ample supplies
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were mixed on Monday, with losses in the most active front months and gains in the more deferred positions. Losses in Chicago Board of Trade soyoil and ample supplies in the commercial pipeline contributed to the declines, according to participants. However, canola found some independent support and lagged […] Read more
Cargill, Bunge lead Brazil grain shipments in 2019 – shipping data
SAO PAULO, Jan 9 (Reuters) – Cargill was the largest exporter of soybean and corn from Brazil last year, with combined shipments totaling more than 17 million tonnes for the U.S.-based merchant, according to data released on Thursday by maritime agency Cargonave. Cargill was followed closely by rival by Bunge, which shipped almost 15 million […] Read more
Higher canola supported by stronger crush margins, trader says
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mostly higher on Wednesday, following pricing trends set earlier in the week. One Winnipeg-based trader said canola is supported by strong crush margins. Although China’s Vice Premier will be in Washington next week to sign phase one of the U.S./China trade deal, there is no […] Read more
China’s Vice Premier Liu to sign U.S. trade deal in Washington next week
BEIJING, (Reuters) – China’s Vice Premier Liu He, head of the country’s negotiation team in Sino-U.S. trade talks, will sign a “Phase 1” deal in Washington next week, the commerce ministry said on Thursday. Liu will visit Washington on Jan. 13-15, said Gao Feng, spokesman at the commerce ministry. Negotiating teams from both sides remain […] Read more
Egypt plans to launch commodities exchange within a year
CAIRO, (Reuters) – Egypt plans to start trading on its first commodities exchange within the next 36 to 48 weeks, Internal Trade Development Authority (ITDA) head Ibrahim Ashmawy said on Thursday. The country’s stock exchange said in October that it will form a joint venture with the Supply Ministry to manage a commodities exchange for […] Read more
Canola futures well supported: trader
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished mostly higher on Wednesday, carrying on with pricing trends set earlier in the week. One Winnipeg-based trader said prices are well-supported, and have the potential to go higher. Some producers have opted to slow down on selling in anticipation of higher prices. A weaker Canadian […] Read more
Canola rebounds on weaker dollar
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Tuesday, making up for losses incurred during the previous trading session. A weaker Canadian dollar was supportive of canola prices. At midday, the dollar slipped just below 77 U.S. cents, due to a comparably stronger U.S. dollar and weakness in crude oil values. […] Read more
