Canadian canola futures are poised to slip back in the short term, although the oilseed could climb slowly higher in the long term, said Jamie Wilton, trader with R.J. O’Brien in Winnipeg, Man.
News
ICE Canada Weekly: Canola likely to remain rangebound
Trump administration may delay biofuel import credit cuts as refiners balk
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President Donald Trump’s administration is considering delaying for one or two years its proposed cuts in incentives for imported biofuels amid pressure from U.S. refiners who argue the move could raise costs and tighten fuel supplies, according to two sources familiar with the matter.
China snaps up U.S. soybeans after pledge to Trump, but at high price, traders say
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China bought at least 14 cargoes of U.S. soybeans on Monday, two traders with knowledge of the deals said, its largest purchase since at least January and the most significant since a summit between President Donald Trump and President Xi Jinping in October.
Canadian food, agriculture coalition to underscore CUSMA importance in Washington
A coalition of 12 Canadian Agri-food industry groups travelled to Washington this week for discussions with American officials and agriculture groups about the Canada-U.S.-Mexico Agreement (CUSMA).
Canada’s inflation in October eases to 2.2 per cent on lower gasoline, food prices
Canada’s annual inflation rate in October eased to 2.2 per cent as gasoline prices dropped, food prices eased and mortgage interest costs came down below the three per cent mark, data showed on Monday.
U.S. corn and soybean yields revised down by USDA
Soybean and corn yields in the United States were revised downward from earlier estimates in updated supply/demand tables from the United States Department of Agriculture released Nov. 14.
Federal budget shows remaining disconnect between agriculture, policymakers, panelists say
Canada’s agriculture sector is still disconnected from policymakers in some ways, say panelists at a CAPI webinar
FCC says it wasn’t consulted on budget text that called farmers mostly “older white men”
Farm Credit Canada said it has not changed its business practices and remains committed to supporting all producers, after a report from an Ottawa-based media outlet claimed otherwise.
Canada eyes fresh start in trade talks with India, says minister Sidhu
Canada and India are working to rebuild trade ties and explore new areas of cooperation after a two-year chill, with Ottawa keen to restart trade negotiations under “a new process”, Canadian Trade Minister Maninder Sidhu said on Thursday
U.S. grains: soybeans firm ahead of USDA data
Chicago soybeans ticked up slightly on Wednesday as traders adjusted positions ahead of the release of official U.S. data on global supply and demand on Friday, the first update in weeks, but prices were capped by a lack of large Chinese purchases.
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