PHOTO Thinkstock

ICE Canada Weekly: Canola could enter narrow range

Soyoil, loonie, StatCan report among supportive factors

Reading Time: < 1 minute As the turnaround in canola continued, analyst said there are three factors underpinning the swing upward. David Derwin, commodities futures advisor for Ventum Financial in Winnipeg, pointed to the gains made by soyoil futures on the Chicago Board of Trade, the weakening of the Canadian dollar, and the reduction in the canola harvest made by Statistics Canada.




Photo: Fotokostic/iStock/Getty Images Plus

USDA cuts corn ending stocks estimate, soybeans unchanged

Reading Time: 2 minutes Corn ending stocks in the United States will be tighter than earlier projections due to increased exports and demand from ethanol producers, according to updated supply/demand estimates from the U.S. Department of Agriculture released Dec. 10. The projected wheat carryout was also revised lower, while soybean stocks were unchanged.