Markets
Alberta agriculture minister Oneil Carlier is heading to India to discuss looming trade and fumigation issues with that country. While he said changing India’s mind immediately might be tough to do, he’s confident the province and the federal government can make some progress. “I have no doubt India realizes the importance of the Canadian pulse […] Read more
Markets
Alta. ag minister to go to India to discuss trade, fumigation issues
Oneil Carlier will also promote Canadian pulse products
Canola dips ahead of USDA report
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished lower in choppy trading on Wednesday. Traders were positioning themselves ahead of tomorrow’s USDA supply and demand report as weakness in other vegetable oil markets pointed the way lower. Rising estimates for the size of Brazil’s soybean crop were bearish. The front-month contract slid […] Read more
Canola rises with weak CDN currency
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex posted modest gains on Monday, taking support from weakness in the Canadian currency and gains in vegetable oil. Dry conditions persist in Argentina. Rain is forecast to fall in a few days’ time but there are growing worries it may not amount to all that […] Read more
The Western Producer Podcast – FarmTech18
The Western Producer sent two reporters, Robin Booker and Jeremy Simes, to cover FarmTech in Edmonton, Alberta, January 30 – February 1. The following podcast was recorded on location at FarmTech and it contains interviews with experts who presented at the show. 0:36 Cam Dahl, Cereal Canada 3:54 Lisa Nemeth, CIGI 4:48 Darrell Bricker, CEO […] Read more
Markets: Canola ends lower after choppy day
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts settled with small losses on Friday, retreating from earlier gains as support from the softer Canadian dollar was countered by spillover selling pressure from losses in the Chicago Board of Trade soy complex. The weakness in the currency and declines in soyoil had a net neutral […] Read more
Cargill soy crushers in Argentina suspend strike over firings
BUENOS AIRES (Reuters) – Soy crush workers employed in Argentina by international grains trading company Cargill suspended a strike on Thursday that they had called earlier this week after 40 of their fellow workers had been dismissed. The Labor Ministry ordered the striking workers and management to negotiate a deal. The order to negotiate would […] Read more
Expected rise in nitrogen prices called unrealistic
Equity markets are mistaken in their bullish outlook for nitrogen fertilizer prices, says Credit Suisse. “The sentiment pendulum in nitrogen remains far too positive in our view as pricing is likely to fall below expectations,” the financial services company said in a recently released report. One of the reasons the bank is pessimistic about nitrogen […] Read more
Proposed palm oil ban unlikely to help canola
Argentina soybeans, not Canadian canola, most likely to fill the gap if the European Union rejects palm oil biodiesel
The European Union decision to ban palm oil biodiesel will not likely lead to an increase in canola oil biodiesel, says an oilseed trader. Lawmakers approved a draft plan last week to ban the use of palm oil in biodiesel production starting in 2021. The ban was being promoted by environmental groups concerned about palm […] Read moreCanola follows soybeans lower
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were weaker on Thursday, taking some direction from Chicago Board of Trade soybeans. Forecasts calling for beneficial rains in dry areas of Argentina accounted for some selling in soybeans, with smaller-than-expected weekly export sales for the United States contributing to the declines there. Ample old crop […] Read more
Chinese demand expected to lift corn prices
Corn has been caught in the doldrums, dragging down hopes of American and Canadian farmers, with no signs of recovering decent profitability. But Iowa State University agricultural economist Dermot Hayes said Chinese corn imports and consumption are about to surge. And that’s going to be nothing but good news for beleaguered midwestern farmers in the […] Read more
