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Canola

(Dave Bedard photo)
Crops, Markets

Crop stocks forecasts mostly unchanged in AAFC supply/demand report

Corn carryout revised upward

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Reading Time: < 1 minute MarketsFarm — Updated crop supply/demand tables from Agriculture and Agri-Food Canada, released Friday, included only minor changes from the previous month. Larger adjustments are expected after Statistics Canada releases its final production numbers for the year on Dec. 3. Canola and all-wheat ending stocks for the 2020-21 marketing year were both left unchanged at 2.25 […] Read more
(Dave Bedard photo)
General, Markets

FCC identifies export, market opportunities for Canadian food

The ag lender's latest report highlights canola oil, pork, potato products, crab meat

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Reading Time: 4 minutes Canada is already a major exporter of agricultural goods, food and beverages — but increasing food and beverage exports is still one of Canada’s biggest trade opportunities, Farm Credit Canada (FCC) says. And by diversifying exports, farmers will become less dependent on current major markets, reducing their financial risk. “When borders close for any number […] Read more
ICE January 2021 canola with 20-day moving average (yellow line) and CBOT January 2021 soymeal (green line). (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Bull market in canola’s grasp

That said, watch for cracks in demand side of equation

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Reading Time: 2 minutes MarketsFarm — Canola is deeply in the hold of a bull market that could push nearby contracts to $575-$580 per tonne, according to Errol Anderson of ProMarket Communications in Calgary. “A bull market always needs to be fed and it keeps getting fed,” Anderson said, referencing the November supply and demand report from the U.S. […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Markets, Reuters

Louis Dreyfus to gain first outside investor

Abu Dhabi's ADQ fund to acquire indirect 45 per cent stake

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Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus Co. (LDC) has agreed to sell a 45 per cent stake to Abu Dhabi’s ADQ, the companies said on Wednesday, the first outside investment in the family-owned commodity merchant’s 169-year-old history. The deal comes after a search by chairwoman Margarita Louis-Dreyfus for an investor to relieve debt built up […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

Profit-taking cuts into fund net longs in canola, soy

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Reading Time: < 1 minute MarketsFarm — Fund traders were busy liquidating some of their long positions in canola and soybeans during the week ended Tuesday, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money fund traders as of Tuesday were holding a net long position in ICE Futures canola […] Read more
CBOT January 2021 soybeans (candlesticks) with ICE January 2021 canola (yellow line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans hold near four-year high

Focus shifts to Tuesday's USDA report to gauge tightening supply

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Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures held near a four-year high on Friday as Brazilian dryness and strong demand from leading importer China kept the market focused on the prospect of tightening supplies. Corn and wheat dipped but were underpinned by weather risks and Chinese-fueled international demand. The most-active soybean contract on the Chicago […] Read more
(PortOfThunderBay.com)
Crops, Markets

Export demand keeps Thunder Bay grain traffic solid

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Reading Time: < 1 minute MarketsFarm — Grain movement out of Thunder Bay continues to run at a very strong pace, with shipments to Europe, the Middle East and North Africa behind much of the increased movement. As of Saturday, more than two million metric tonnes of grain have been directly exported from Thunder Bay elevators by ocean-going (saltie) vessels […] Read more
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola stronger at midweek

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Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $545.80 per tonne, gaining over $10 since closing at $534.90 on Monday. Record-high temperatures in parts of the Prairies were part of the reason behind canola’s rally. However, temperatures are […] Read more
(Alfio Manciagli/iStock/Getty Images)
Canola, Crops, Markets

Input Capital takeover falls through

Input says U.S. buyer to walk away, pay termination fee

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Reading Time: 2 minutes The Regina company that brought “streaming” to the Prairie canola marketing business is considering its other options now that a friendly cash bid from a U.S. suitor has been taken off the table. Input Capital said Thursday that Washington, D.C.-based investment firm Bridgeway National, which in August proposed to buy Input for about $96.15 million, […] Read more

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