Oilseeds Archives - Page 14 of 28

AAFC ups wheat production, usage numbers; stocks steady

MarketsFarm — Projected ending stocks of Canada’s major crops were left relatively unchanged in the latest supply/demand estimates from Agriculture and Agri-Food Canada, released Monday, although there were some revisions to the wheat production and usage numbers. The government agency raised its forecast for total Canadian wheat production in 2022-23 to 33.092 million tonnes, up […] Read more

Keefer Terminal (foreground) at the Port of Thunder Bay. (PortOfThunderBay.ca)

Crops, Markets

Thunder Bay grain shipments down on year through two months

By GFM Network News June 4, 2022

MarketsFarm — Grain shipments through the Port of Thunder Bay are running well behind normal through the first two months of the 2022 shipping season, according to a release from the port. However, potash movement through the port is up considerably, with inbound shipments of general cargo also strong. Grain shipments through the end of […] Read more

Crops, Weather

Planting progress picking up in Saskatchewan

By GFM Network News May 20, 2022

MarketsFarm — Overall spring planting across Saskatchewan reached 33 per cent complete as of Monday, according to the latest weekly crop report from Saskatchewan Agriculture. Despite the good progress over the week, that’s still 20 points behind the five-year average. When compared to the excellent progress this time last year, the gap expands to 41 […] Read more

ICE July 2022 canola (candlesticks) with Bollinger bands (20,2) and November 2022 canola (yellow line). (Barchart)

Canola, Crops, Markets, Weather

ICE weekly outlook: Jittery spring market for canola

By Phil Franz-Warkentin, GFM Network News May 5, 2022

MarketsFarm — ICE Futures canola contracts saw a sharp downward correction in early trading days of May, after setting all-time highs in April. While the correction was long overdue, underlying supportive influences remain in place and the market could be due for some sideways trade as participants now wait to get a better handle on […] Read more

Crops

Elevator declarations changing Aug. 1

CGC says the move won't harm Canada's grain quality assurance system

By Allan Dawson, GFM Network News April 28, 2022

The declarations of eligibility western Canadian farmers sign before delivering to elevators, effective Aug. 1, will no longer include crops that don’t require end-use quality assessment as part of the variety registration process. “It’s not a big change,” Canadian Grain Commission (CGC) spokesman Remi Gosselin said in an interview Thursday. Wade Sobkowich, executive director of […] Read more

ICE July 2022 canola (candlesticks, right column) with 20-day moving average (yellow line) and CME July 2022 crude palm oil (orange line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola books steep rise in prices

By GFM Network News April 28, 2022

MarketsFarm — Canola prices, along with other edible oils, received a strong boost on Wednesday due to sharp upticks in Malaysian palm oil values. Canola futures have also received support from a bullish forecast this week from Statistics Canada on planted acres for this spring. Despite the Indonesian government stating Monday its export ban on […] Read more

CBOT July 2022 soyoil (candlesticks, right column) with July 2022 soybeans (yellow line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soyoil futures rally to record high

Corn hits highest since August 2012

By Mark Weinraub, GFM Network News April 27, 2022

Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when the Russian invasion of Ukraine […] Read more

File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

Crops, Markets, Reuters

Indonesia’s palm oil export ban seen short-lived on limited storage

By GFM Network News April 26, 2022

Jakarta/Mumbai | Reuters — Indonesia’s ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to store the surplus oil and the country faces mounting pressure from buyers to resume shipments, industry officials said. The world’s top palm oil exporter announced plans to ban exports on Friday, […] Read more

Markets, Reuters

ADM, Bunge expected to post strong results as Ukraine war ignites demand

By GFM Network News April 25, 2022

Chicago | Reuters – A string of strong quarterly profits by global agribusinesses Archer-Daniels-Midland Co ADM.N and Bunge Ltd BG.N likely continued in the first quarter despite surging crop costs and global supply chain disruptions triggered by Russia’s invasion of Ukraine, analysts said ahead of earnings releases this week. Both companies capitalized on good oilseed […] Read more

EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)

Canola, Crops, Markets, Soybeans

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

By GFM Network News April 23, 2022

MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included […] Read more

Daily Network News

India, Japan canola crops to be steady in 2026/27 – USDA

ICE Weekly: Trade waits for canola to break out

Advance Payments Program interest free limit set at $250,000 for 2026

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