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Canola speculative short position smallest in year

Speculators were busy covering short positions and moving more money to the long side of the canola market during the week ended Oct. 29, taking the net short position in the oilseed to its lowest level in over a year, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).


PHOTO: Nevena Ristic/ISTOCK/GETTY IMAGES

Used cooking oil crushes soy sector

Oilseed processors say imported used cooking oil from China is displacing soybean oil in the American biofuel industry

The United States continues to face a tsunami of used cooking oil imports from China that is undermining the country’s soybean crush expansion, says an analyst.




Photo: File

Alberta harvest wraps up

Harvest operations in Alberta are virtually complete for 2024, the province’s crop report said. Combining advanced three points to 99 per cent finished as of Oct. 22 as well as being three points above the five-year average.