Oilseeds Archives - Page 105 of 665

Parliament Hill, in Ottawa – Ontario, Canada. Photo: Ulysse Pixel

Producers welcome change to cash advance program

After much lobbying, federal government increases interest-free portion of program to $250,000

By Karen Briere March 25, 2024

Reading Time: 2 minutes The interest-free portion of the federal Advance Payments Program will be $250,000 this year, much to farmers’ relief. The amount had been set to drop back to $100,000 at the end of this month after sitting at $350,000 for 2023.

Markets

Large fund short position shrinking in canola

By Phil Franz-Warkentin March 25, 2024

Reading Time: < 1 minute Managed money fund traders continued to chip away at their large net short position in canola in mid-March, covering more of their large bearish bets, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).

Markets, Reuters

U.S. grains: Soybeans slide on profit taking; wheat climbs

By Heather Schlitz, Reuters March 22, 2024

Reading Time: 2 minutes Chicago Board of Trade soybean futures fell more than one per cent on Friday to below $12 a bushel on profit taking a day after the benchmark contract neared a two-month high as farmer soy sales and the dollar's surge added to bearish sentiment, analysts said.

File photo of barley being loaded off the combine. (Collab Media/iStock/Getty Images)

General, Reuters

EU plans to hit Russia, Belarus grain imports with tariffs

Commission aims to curb Russian income, prevent market distortions, placate farmers

By Philip Blenkinsop, Reuters March 22, 2024

Reading Time: 2 minutes The European Commission proposed on Friday imposing tariffs on imports of grain from Russia and Belarus in an attempt to prevent Moscow and its ally from distorting EU markets and placate farmers who have protested for months over cheap imports.

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, Reuters

U.S. grains: Soybean futures set 2-month top; corn, wheat inch higher

By Heather Schlitz, Reuters March 21, 2024

Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures surged to a two-month high on Thursday as worries about threatening weather in Argentina triggered speculative buying and short-covering, analysts said, but the market pared gains after the rally spurred a round of farmer sales.

Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

General, Reuters

Louis Dreyfus withstands commodity price drop to post stable profits

While less chaotic than 2022, war and weather continued to disrupt supply last year

March 21, 2024

Reading Time: 2 minutes Louis Dreyfus Company's (LDC) profits last year held close to the bumper levels of 2022, with the agricultural commodity giant saying its global trading network helped it withstand falling prices.

Photo: JJ Gouin/iStock/Getty Images Plus

Markets, Reuters

U.S. grains: Soybeans climb back above $12 a bushel while wheat stumbles

By Heather Schlitz, Reuters March 20, 2024

Reading Time: 2 minutes Chicago Board of Trade (CBOT) soybean futures jumped two per cent on Wednesday, climbing back above $12 a bushel as commodity funds appeared to cover short positions, brokers said, while news of fresh U.S. soybean export sales and excessive rains in Argentina lent support.

Photo: fotokostic/iStock/Getty Images Plus

Markets

Rangebound outlook for CBOT soybeans/corn in short-term

By Phil Franz-Warkentin March 20, 2024

Reading Time: < 1 minute Soybean and corn futures at the Chicago Board of Trade have both shown some strength over the past week but should be expected to hold relatively rangebound in the short term ahead of acreage data due out at the end of the month, according to an analyst.

Markets

ICE Weekly: Canola hitting highest levels since January

By Adam Peleshaty - MarketsFarm March 20, 2024

Reading Time: 2 minutes Nearly seven months of price pressures and fund selling creating a lengthy downturn have given way to canola trending higher for the first time in 2024.

Weather

Prairie forecast: Is winter making one last push?

Issued March 20, covering March 20-27, 2024

By Daniel Bezte March 20, 2024

Reading Time: 2 minutes A sprawling Arctic high pressure system is poised to dominate the region, ushering in colder-than-normal temperatures reminiscent of January's grip, but not as cold. While cold snaps this time of year often bring snow, the prevailing high pressure suggests storm activity will largely skirt the area, save for southern and southwestern Alberta where significant snowfall is anticipated.

Daily Network News

Iran says Strait of Hormuz open as Trump sees deal ‘soon’ to end war

Agriculture groups welcome seed, fertilizer approval bill

AAFC projects tighter canola stocks for 2026-27

Oilseeds

Producers welcome change to cash advance program

Large fund short position shrinking in canola

U.S. grains: Soybeans slide on profit taking; wheat climbs

EU plans to hit Russia, Belarus grain imports with tariffs

U.S. grains: Soybean futures set 2-month top; corn, wheat inch higher

Louis Dreyfus withstands commodity price drop to post stable profits

U.S. grains: Soybeans climb back above $12 a bushel while wheat stumbles

Rangebound outlook for CBOT soybeans/corn in short-term

ICE Weekly: Canola hitting highest levels since January

Prairie forecast: Is winter making one last push?

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