A large soybean crop in the United States and sluggish exports have not allowed the canola market to make a move
SASKATOON — The soybean market is wrestling with a couple of bearish factors that are preventing the oilseed from rallying, says an analyst, and that is weighing down a canola market desperately attempting to gain some traction as of the end of August. The U.S. Department of Agriculture forecast a record 124.9 million tonnes of […] Read moreTag Archives canola market — page 2
Experts bearish on soybean crush, export demand
If U.S. soybean prices falter due to high ending stocks, it could affect canola price
SASKATOON — A leading agricultural economist thinks the United States soybean sector is going to have a “very ugly” 2024 and early 2025. Scott Irwin, professor of agriculture at the University of Illinois, is bearish on crush and export demand for the oilseed. Related stories: “Unless the U.S. has a substantial production problem this summer, […] Read more
Canadian canola prices follow European plunge
Imported waste biodiesel is blamed for a significant drop in rapeseed prices in EU, where a benchmark price is often set
Rapeseed oil has become the cheapest of all the vegetable oils in the European Union, which has had an effect on Canadian canola prices. | Reuters/ Valentin Flauraud photo
Canadian canola prices follow European plunge
Rapeseed oil has become the cheapest of all the vegetable oils in the EU. "I have never seen that before," said MarketsFarm analyst Mike Jubinville. "That is very unusual, and certainly it has had an impact on European rapeseed prices."
