Reading Time: < 1 minute MarketsFarm — Though many producers bemoan current drier-than-normal springtime conditions across the Prairies, sunflower crops are primed for a good year. “As long as there’s enough moisture to germinate, they immediately grow a really deep root system,” said Ben Friesen of Scoular Canada. While Statistics Canada estimated the 2019 sunflower acreage to remain pretty much […] Read more
Sunflowers doing well despite drought
ICE weekly outlook: Uncertain U.S. soy prospects boost canola
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts climbed sharply higher during the week ended Wednesday, hitting their best levels in more than a month as strength in the Chicago Board of Trade soy complex provided spillover support. “We have a bit of a short-covering rally going on in canola,” said Jerry Klassen, manager of Canadian operations […] Read more
ADM to combine grain trading, oilseed businesses
Reading Time: 2 minutes Chicago | Reuters — Global grains trader Archer Daniels Midland said Wednesday it will consolidate five business units into four in the company’s second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits. ADM will combine its grain trading and oilseeds segments into a new business unit called […] Read more
New Bunge CEO looks to downsize company before growing again
Reading Time: < 1 minute New York | Reuters — The new chief executive of oilseed processor Bunge said Wednesday that the company needs to downsize in the short term and earn “the right to grow again,” by avoiding costly mistakes and operating with financial discipline. “We’re going to let the numbers drive what should happen for us. First, we […] Read more
China’s ban on Canadian canola expands to Viterra
Reading Time: 2 minutes Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month. […] Read more
The gluten advantage
With $1 million on the line, this Quebec farm is betting big money on small markets
Reading Time: 4 minutes It’s a two-hour drive straight north from Quebec City to get to Tournevent’s Farm, owned by Guillaume Dallaire and Audrey Bouchard at Hébertville in Lac Saint-Jean near Saguenay. At this time of year, it can be a cold trip, but even in the summer when Country Guide first visited, it can feel a long way […] Read more
ICE weekly outlook: More losses likely for soft canola
Reading Time: < 1 minute ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more
ICE weekly outlook: Quiet winter has canola steadying
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market is expected to stabilize now as there isn’t really any big news to drive North American oilseed markets. “We don’t have something very dominant for traders to focus on and supplies are pretty comfortable everywhere in the oilseed complex for now… the only factor that has hurt […] Read more
ICE weekly outlook: Canola stuck in winter slump
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market has hit the winter lull and there isn’t much driving it, according to one trader. “The meal has been a leader to the upside, so that again should help crush margins and it has helped crush margins. But trade has been lacklustre and I expect that to […] Read more
ICE weekly outlook: Canola waits for U.S. shutdown to end
Reading Time: 2 minutes CNS Canada — The ICE Futures canola market, like its fellow commodity markets, currently sits at the mercy of the U.S. government shutdown, according to one analyst. “It all has to do with the government shutdown in the States. Soybeans keep on rallying, than they lose ground towards the end of the session, because how […] Read more
A message from April Stewart, Country Guide's Associate Editor
