Reading Time: < 1 minute MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting, […] Read more
Tag Archives palm oil
ICE weekly outlook: Canola remains rangebound
Trade predicts even smaller production
Lessons learned from public reaction to palm oil in dairy rations
Canadian had front-row seats for both Buttergate and New Zealand controversies
Reading Time: 3 minutes Social media conversations about food can go from benign to trending in a matter of hours or days. That became painfully obvious to Canadian dairy farmers during the so-called “Buttergate” controversy earlier this year. The same thing happened five years ago to New Zealand dairy farmers during an environmentalist-led campaign against using a palm oil […] Read more
U.S. grains: Corn up on supply worries
Soy futures follow veg oils higher
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled up six cents at $5.51-1/4 […] Read more
U.S. grains: Soybean futures fall, corn firm ahead of USDA report
CBOT, MGEX July wheats down; K.C. wheat up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped 1.2 per cent on Wednesday, pressured by a round of profit-taking and weakness in the cash market, traders said. Wheat futures also were mostly lower after rain in the northern U.S. Plains eased some concerns about parched soils limiting the size of the crop. Corn futures were […] Read more
U.S. grains: Corn highest since 2013
Soy tops US$15, wheat over US$7 on supply fears
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above $7 a bushel and soybeans […] Read more
U.S. grains: Soybean futures drop as soyoil crumbles
Corn, wheat futures also weak
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Monday, led lower by the soyoil market’s decline to its lowest in nearly six weeks on bearish data about palm oil supplies, traders said. “The bean oil led the beans up and it looks like they are going to lead them down,” said […] Read more
Dairy sector adjusts to butter debate fallout lessons
Now that the rhetoric around butter hardness has settled down, farmers look to managing without palm fat supplements, while research continues
Reading Time: 5 minutes As the Buttergate social furor and ensuing questions around transparency settles into a dull roar, where does dairy go from here? “What this conversation is about is – what is the way forward in light of some of the challenges thrown at us over the past few weeks?” said David Wiens, Dairy Farmers of Canada […] Read more
U.S. grains: Storms forecast for Plains drive wheat to one-month low
Corn up, soybeans down, soymeal drops
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures extended losses on Friday, touching a one-month low as rain and snow forecast for dry parts of the U.S. Plains improved production prospects, analysts said. Soybean futures finished narrowly mixed, caught between surging soyoil futures amid tightening world vegetable oil supplies, and slowing demand for soymeal, a hog […] Read more
U.S. grains: Wheat down on forecasts for Plains moisture
CBOT soybeans and corn both end higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more
Editorial: A tempest in a butter wrapper
Reading Time: 3 minutes I pondered whether to add more copy to the head-scratching and manufactured debate over palm fat in dairy nutrition and the subsequent effects on butter hardness, but I think the recent flurry of mainstream media coverage provides some lessons. To recap: Food sector pot stirrer Sylvain Charlebois of Dalhousie University is a master at bringing […] Read more
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