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ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule

U.S. officials are expected to propose biofuel blending requirements below industry recommendations

Reading Time: 2 minutes Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.






Most organic crops rose in price compared to December, but only some of them saw their premiums go up. Photo: Thinkstock

Flax retaining May gains

StatCan projects smallest planted area in 76 years

Reading Time: < 1 minute Flax prices continue to ride the upswing the oilseed experienced in May, said Scott Shiels, grain procurement manager for Grain Millers Canada in Yorkton, Sask.



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Saskatchewan few points short of wrapping up spring planting

Topsoil moisture levels down

Reading Time: 2 minutes Farmers in Saskatchewan have virtually wrapped up their spring seeding for 2025, with the provincial agriculture department reporting the crops were 97 per cent planted as of June 2. That's up nine points on the week, three ahead of this time last year and two above the five-year average.