Reading Time: 2 minutes CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more
Crude oil and canola part company, for now
U.S. grains: Corn, soy up on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as […] Read more
U.S. grains: Soybeans at three-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to a three-month low on Thursday, the sixth straight session of declines, on pressure from easing vegetable oil prices and improving crop weather in South America. Wheat and corn futures both were the highest in more than a week, with prices notching narrow gains on better-than-expected U.S. […] Read more
Partially hydrogenated oils on the way out
Reading Time: 2 minutes The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find […] Read more
ICE weekly outlook: Canola pointed lower
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
Canola acres seen rising on high prices
Reading Time: 2 minutes Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent […] Read more
ICE weekly outlook: Canola faces supply questions
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided support. “The most important variable for the canola market is trends in the global vegetable oil markets,” said Mike Jubinville of ProFarmer Canada, noting tight […] Read more
U.S. grains: Soybeans climb one per cent, led by veg oils
Reading Time: 2 minutes Chicago | Reuters — Front-month U.S. soybean futures rose more than one per cent on Monday, hitting a three-week high on export demand and renewed strength in global vegetable oil markets, analysts said. Wheat futures firmed on fund short covering while corn closed nearly unchanged. At the Chicago Board of Trade, benchmark November soybean futures […] Read more
U.S. grains: Soybeans rise on technical buying
Reading Time: 2 minutes Reuters — U.S. soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/2 cents, or 0.8 per cent, […] Read more
New Zealand farm firm bans use of palm in feed
Reading Time: < 1 minute Wellington | Reuters — New Zealand farm company Landcorp said Monday it would ban its farmers from using palm kernel expeller (PKE), a feed supplement used for cows that environmentalists have linked to rainforest destruction. The state-owned company, which runs 140 farms, said it would end the use of the feed by June 2017 to […] Read more
A message from April Stewart, Country Guide's Associate Editor
