Oilseeds Archives - Page 282 of 693

Bunge lifts outlook as quarterly profit nearly doubles

By GFM Network News October 29, 2020

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a […] Read more

ICE January 2021 canola with Bollinger (20,2) bands and 100-day moving average. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s top likely in for 2020

By Phil Franz-Warkentin, GFM Network News October 29, 2020

MarketsFarm — The shine has officially come off the ICE Futures canola market, with prices dropping well below their multi-year highs during the last week of October. The most active January contract hit an overnight low of $514 per tonne on Wednesday, but managed to settle at $535.60. That compares with the contract high of […] Read more

CBOT January 2021 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters, Weather

U.S. grains: Crop prices slide as pandemic concerns rattle markets

Traders await U.S. export sales data Thursday

By Christopher Walljasper, Tom Polansek, GFM Network News October 29, 2020

Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down […] Read more

Rt. Hon. Don Mazankowski (CNW Group/The Family of Don Mazankowski)

General

Former federal ag minister Don Mazankowski, 85

Long-time Alberta Tory MP deemed a 'minister of everything'

By Dave Bedard, GFM Network News October 29, 2020

A private memorial is planned for long-time Alberta MP Don Mazankowski, whose work in the cabinets of prime ministers Brian Mulroney and Joe Clark included a stint as Canada’s minister of agriculture. Mazankowski, the MP for the east-central Alberta riding of Vegreville from 1968 to 1993, died late Tuesday at age 85, his family said […] Read more

CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn futures fall after hitting 14-month high

Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy

By GFM Network News October 28, 2020

Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a […] Read more

Canola, Crops, Soybeans

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

By Dave Bedard, GFM Network News October 27, 2020

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

General

Saskatchewan agriculture minister cruises to election win

NDP's ag critic trailing, with mail-in votes still to come

By Dave Bedard, GFM Network News October 27, 2020

Another incumbent agriculture minister easily held his seat as Saskatchewan’s governing Saskatchewan Party scored another decisive majority in Monday’s provincial election. David Marit, MLA for the southwestern riding of Wood River since 2016, held his seat by a spread of 5,177 votes over the New Democrats’ challenger, teacher Roger Morgan, with 459 mail-in ballots remaining […] Read more

Crops, Machinery, Markets, Weather

Big Two railways release plans for winter

Snow-clearing equipment among investments at CN, CP

By GFM Network News October 27, 2020

Canada’s major railways have filed their winter contingency plans, as they are now required by law to do. Since updates to the Canada Transportation Act in 2018, Canada’s major rail companies have been required to publish winter plans and can be forced to pay up if they fail to deliver on certain promises of railcars. […] Read more

Canola, Crops, Markets

Record-high Canadian canola supplies in commercial pipeline

By MarketsFarm Team, GFM Network News October 27, 2020

MarketsFarm — Visible canola supplies in the Canadian commercial pipeline are sitting at historically high levels, according to Canadian Grain Commission data. A total of 1.75 million tonnes of canola were sitting in commercial hands across Canada during the week ended Oct. 18 — only slightly off the record of 1.786 million tonnes set only […] Read more

CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans hit four-year peak on Chinese demand

U.S. winter wheat crop rating misses estimates

By GFM Network News October 26, 2020

Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s […] Read more

GFM Network News

U.S. livestock: Cattle rebound on technical buying

U.S. grains: Soybeans fall as rapid harvest overshadows China trade hopes

Good weather pushes Alberta harvest along

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