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Canola

(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: More losses in store for canola

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the most active November contract but a slightly firmer tone in the more deferred positions. With harvest pressure only beginning in Western Canada, and the U.S. soy complex looking bearish, the front month will likely keep drifting […] Read more
(Syngenta.com)
Crops, Reuters

Monsanto no longer pursuing Syngenta

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Reading Time: 3 minutes Reuters — U.S. agribusiness leader Monsanto on Wednesday abandoned pursuit of Swiss rival Syngenta, which had rejected a recently sweetened US$47 billion offer. Syngenta shares fell more than 18 per cent on the news, while Monsanto shares jumped more than seven per cent. The Swiss agrichemicals group said its board unanimously rejected the offer, which it […] Read more
Rain in Sask., Man. stalls harvest, causes crop damage
Crops, Weather

Rain in Sask., Man. stalls harvest, causes crop damage

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Reading Time: 2 minutes CNS Canada — Rain in Manitoba and Saskatchewan has stalled harvest and caused crop damage, but moving forward, conditions should improve, two industry specialists predict. Shannon Friesen, a regional crops specialist with Saskatchewan Agriculture in Moose Jaw, said recent rains have delayed harvest and stalled maturity in some crops. Producers have found peas and canola […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Canola basis levels seen hanging steady

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Reading Time: 2 minutes CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more
(USDA.gov via Flickr)
Crops, Reuters

U.S. regulator sued for withholding information on GMOs

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Reading Time: 2 minutes Reuters — A food safety advocacy group sued an arm of the U.S. Department of Agriculture on Tuesday, saying it illegally withheld public information on genetically engineered crops. The lawsuit, brought by the Center for Food Safety (CFS) against USDA’s Animal and Plant Health Inspection Service (APHIS), claims the regulator has routinely failed to respond […] Read more
Shanghai, from the Huangpu River near the Oriental Pearl tower. (CIA.gov)
Canola, Crops, Markets

Canola exports to feel pinch of Chinese market crash

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Reading Time: 2 minutes CNS Canada — Canada’s canola exports will likely get dragged down by the sea of red ink flowing from Chinese markets, according to an analyst. “It will slow the export market. The whole canola engine has shrunk a little bit. Production will be down about 15 per cent or thereabouts,” said Errol Anderson of ProMarket […] Read more
(Syngenta.com)
Canola, Corn, Crops, Reuters, Soybeans

Monsanto sweetens offer for Syngenta

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Reading Time: 3 minutes New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more
(Dave Bedard photo)
Canola, Crops, Markets, Spring Wheat, Weather

StatsCan production estimates ‘too low’ for canola, wheat

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Reading Time: 2 minutes CNS Canada — Statistics Canada released its first survey-based production estimates for the 2015-16 crop year Friday morning, with canola and wheat figures coming in at the lower end of expectations. But the grain trade is shrugging off the report, as it believes final production numbers for most crops will be larger than what Statistics […] Read more

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