Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the […] Read more
ICE weekly outlook: Canola establishes range
Palm plantations shaken by the green body they helped create
Reading Time: 5 minutes Kuala Lumpur | Reuters — In 2004, Malaysian palm oil producer IOI Group became a founding member of the Roundtable on Sustainable Palm Oil (RSPO) and later an executive board member in what seemed like a cosy arrangement. Twelve years later, IOI attempted to take legal action against RSPO over an environmental ruling that has […] Read more
France’s Senate suspends palm oil tax, delays neonic ban
Reading Time: 2 minutes Paris | Reuters — The French Senate on Thursday adopted a revised version of its biodiversity bill in which senators scrapped an additional tax on palm oil and delayed until 2020 a ban on pesticides blamed for harming bees. The decisions are not final as the two houses of the French parliament now have to […] Read more
ICE weekly outlook: Canola hits $500, watching volumes
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts seem to have found a new range during the week ended Wednesday, with both the July and November contracts lifting around the $500 per tonne mark. Weakness in the Canadian currency and a dry weather premium in Western Canada were behind a lot of the support. As […] Read more
ICE weekly outlook: Canola watching acreage numbers
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts rose during the week ended Wednesday, as strong advances in U.S. soy overpowered resistance cast on the market by the stronger Canadian dollar. The canola market “was able to get some support from the soy action but the Canadian dollar has taken most of it away… it’s […] Read more
ICE weekly outlook: Canola ebbs, flows in wide range
Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts have moved steadily higher over the past month, but the market remains rangebound overall. “There are underlying supportive influences for canola, but it still comes down to the bigger trends in vegetable oils and oilseeds competing internationally,” said Mike Jubinville of ProFarmer Canada, adding that “there’s a […] Read more
ICE weekly outlook: Canola watching currency, soybeans
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts posted small gains during a choppy trading week ended Wednesday. Values were under pressure from the start due to a sharp break below major chart support on Feb. 9. Expectations of a large soybean crop from South America along with the ever-strengthening Canadian dollar put pressure on […] Read more
ADM increases stake in Wilmar
Reading Time: < 1 minute Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
A message from April Stewart, Country Guide's Associate Editor
