Markets
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex trended slightly higher on Tuesday, taking strength from advances in U.S. soyoil and Malaysian palm oil futures. The market also took strength from an Informa Economics report that lowered its forecast for U.S. soybeans to 91.2 million tonnes. Dry weather in Argentina was also supportive […] Read more
Markets
Canola trends up with strength from soy oil
Canada: from slow to go with TPP
CPTPP will open new markets for Canadian farmers
Canada will join the 11-member Asia-Pacific trade pact, a government source confirmed on Tuesday, saying “Canada has secured real gains” in talks to agree a deal. Trade officials signed off on a final text earlier in the day after a meeting in Tokyo to overcome challenges such Canada’s insistence on protection of its cultural industries. […] Read more
ADM-Bunge rumour part of larger consolidation story
Archer Daniels Midland is reported to be considering buying Bunge, which one farm group called bad news for producers
Corporate consolidation has significantly reshaped the Canadian grain handling industry over the past decade or two. Rumours that Archer Daniels Midland is pursuing a takeover of Bunge Ltd., suggest that further consolidation may be in the works, a development that has some grain industry observers wondering how primary producers might be affected. Brian Hayward, a […] Read more
Canola sees modest losses
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished with modest losses on the week’s opening session. The market underwent a slight correction downward in the wake of last week’s move higher. Recent strength in the Canadian dollar was bearish for values. “The spreads are pushing long canola, short soy,” said a […] Read more
Stronger rouble helps push up Russian wheat export prices
Russian grain exports remain strong for this time of the season
MOSCOW – Russian wheat export prices rose last week on the back of a strengthening rouble and stormy weather in ports which complicated shipment, analysts said on Monday. Black Sea prices for Russian wheat with 12.5 percent protein content were at $193 a tonne on a free-on-board (FOB) basis at the end of last week, […] Read more
American grain industry takes sides in last minute U.S. tax overhaul
CHICAGO – Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of the tax bill that passed the Republican-controlled […] Read more
ADM attempts giant ag merger with Bunge
Updated 9 am CST Jan. 23 CHICAGO/CALGARY – Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc. Large grain traders that make money by buying, selling, storing and shipping […] Read more
Canola hits two-week highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Friday, settling at their highest levels in two weeks as the market saw a continued bounce off of the nearby lows hit on Wednesday. Gains in Chicago Board of Trade soybeans and weakness in the Canadian dollar were supportive A lack of significant […] Read more
Canola rises with soybeans
Winnipeg, Jan. 18 (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, taking some direction from soybeans at the Chicago Board of Trade. A lack of significant farmer selling contributed to the gains, according to traders, with many producers thought to be holding out for higher prices for the time being. Concerns […] Read more
Spring wheat price advantage slipping
Spring wheat has an artificially high price premium over winter wheat, and farmers would be wise to take advantage of that before it shrinks, says a market analyst. “If there was a way to capture it, either on futures or cash sales, they should probably do so,” said Marlene Boersch, managing partner with Mercantile Consulting […] Read more
