vegetable oil Archives - Page 2 of 3

ICE March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola gives back gains at midweek

By GFM Network News December 18, 2019

MarketsFarm — Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity concentrated in the January/March contracts. Spreading accounted for 124,790 contracts traded, which is about 86 per cent of the activity. Keith Ferley of RBC Dominion […] Read more

ICE March 2019 canola with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Weak export data holds back canola market

By GFM Network News January 23, 2019

The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market analyst. Other than being down on Monday, canola has finished up in five of its last six sessions, according to Pro Farmer Canada’s Mike Jubinville. […] Read more

(Noel Hendrickson/DigitalVision/Getty Images)

Canola, Corn, Crops, Soybeans

Richardson to buy Wesson cooking oil brand

By GFM Network News December 18, 2018

A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola awaits acreage report

By GFM Network News April 25, 2018

CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even higher. The dominant July contract closed Wednesday at $535 per tonne, a gain of $8 from the previous Wednesday’s close. Prairie farmers on Friday will […] Read more

Canola, Corn, Crops, Reuters

Smucker drops bid to buy Wesson Oil after U.S. objects

By GFM Network News March 6, 2018

Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in […] Read more

(U.S. Food and Drug Administration photo via Flickr)

Crops

Partially hydrogenated oils on the way out

By Grainews Staff, GFM Network News September 20, 2017

The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find […] Read more

Canola, Corn, Crops, Reuters

Conagra to sell Wesson oil brand to Smucker

By Reuters, GFM Network News May 30, 2017

Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra will continue to manufacture products sold under the Wesson brand for up to one year following the close, after which Wesson will be merged into […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola faces supply questions

By GFM Network News October 26, 2016

CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided support. “The most important variable for the canola market is trends in the global vegetable oil markets,” said Mike Jubinville of ProFarmer Canada, noting tight […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola watches weather amid uptick in price

By GFM Network News October 19, 2016

CNS Canada –– Canola futures burst through the psychologically-important $500 per tonne mark during the week ended Wednesday, but now face a critical juncture as weather and time will dictate how much of the remaining crop farmers can get off before winter. “Harvest prospects don’t look that great right now as it doesn’t dry up […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans climb one per cent, led by veg oils

By GFM Network News October 17, 2016

Chicago | Reuters — Front-month U.S. soybean futures rose more than one per cent on Monday, hitting a three-week high on export demand and renewed strength in global vegetable oil markets, analysts said. Wheat futures firmed on fund short covering while corn closed nearly unchanged. At the Chicago Board of Trade, benchmark November soybean futures […] Read more

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

GFM Network News

U.S. grains: Soybean futures edge up as Argentina ends export tax waiver

U.S. livestock: Hog futures hit contract high, herd falls short of estimates

Eastern wheat to be included in Cereals Canada’s harvest assessment

Tag Archives vegetable oil

ICE weekly outlook: Canola gives back gains at midweek

ICE weekly outlook: Weak export data holds back canola market

Richardson to buy Wesson cooking oil brand

ICE weekly outlook: Canola awaits acreage report

Smucker drops bid to buy Wesson Oil after U.S. objects

Partially hydrogenated oils on the way out

Conagra to sell Wesson oil brand to Smucker

ICE weekly outlook: Canola faces supply questions

ICE weekly outlook: Canola watches weather amid uptick in price

U.S. grains: Soybeans climb one per cent, led by veg oils

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