CNS Canada — The ICE Futures canola market has seen contracts become cheaper of late, which could lead to an increase in demand — but the market is also still closely following the ongoing saga between China and the U.S. “Everybody’s just waiting for some kind of news regarding China possibly purchasing U.S. beans. They […] Read more
Crops — page 2
ICE weekly outlook: Cheaper canola could stir up export interest
CBOT weekly outlook: Soybeans trend up, but trade off headlines
CNS Canada — Speculative short-covering and optimism over trade with China helped soybean and corn futures at the Chicago Board of Trade move higher over the week ended Wednesday. While additional gains are possible, both markets will take more short-term direction from the day-to-day headlines. Conflicting headlines, tweets and other commentary lead to a choppy […] Read more
U.S. grains: Soybeans rise as China buys U.S. supplies
Chicago | Reuters — U.S. soybean futures hit a 4-1/2-month high on Wednesday as China bought U.S. soybeans for the first time since U.S. President Donald Trump and his Chinese counterpart Xi Jinping met in early December. State-owned Chinese companies bought at least 500,000 tonnes of U.S. soybeans, two U.S. traders said, in deals valued […] Read more
Pulse weekly outlook: Market depends on India’s fortunes
CNS Canada — When it comes to Canadian pulse crops, David Newman of Commodious Trading says producers, speculators and processors are long — and that has been of great concern to him. “You have everybody wanting to sell and you better hope that there’s someone there to take all of it,” he said. The wildcard […] Read more
Funds reduce short position in canola
CNS Canada — Fund traders lowered their net short positions in ICE canola futures during the week ended Dec. 4, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more
U.S. grains: Soy climbs on hopes for China buying
Chicago | Reuters — U.S. soybean futures closed higher on Tuesday as traders anticipated potential Chinese purchases of U.S. agricultural products, and shrugged off a bearish monthly global soy inventories report from the U.S. Department of Agriculture. Corn firmed, led by soybeans, but wheat futures fell after USDA raised its forecasts of U.S. and global […] Read more
Online sales can help drive specialty crop products
Camelina is being tested in Ontario to see if it works in crop rotations here
More often than not, the first instinct of consumers today is to head online when they’re looking to buy something. That’s less the case when it comes to the traditional agricultural market of inputs and supplies. And it certainly wasn’t on Jack Grushcow’s mind when his company, Linneaus Plant Sciences Inc., first discovered somewhat by […] Read more
USDA keeps domestic soy stocks view steady
Chicago | Reuters — The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop. U.S. soybean ending stocks for the 2018-19 marketing year were pegged at 955 million bushels, the government said in its monthly supply […] Read more
Canola Council resets course for ‘efficiencies’
Facing new limits on available funding, Canada’s canola value chain organization plans to refocus its work on its “core strengths” and collaborate with other players. The Canola Council of Canada on Wednesday announced a revised work plan, coming out of a “priorities review” undertaken after one of Canada’s biggest grain companies called a halt to […] Read more
Bunge CEO Schroder to step down amid investor pressure
Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more
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