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Tag Archives palm oil — page 5

(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

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

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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
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Soybeans rise on technical buying

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Reuters — U.S. soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/2 cents, or 0.8 per cent, […] Read more
(Landcorp.co.nz)
Livestock

New Zealand farm firm bans use of palm in feed

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Wellington | Reuters — New Zealand farm company Landcorp said Monday it would ban its farmers from using palm kernel expeller (PKE), a feed supplement used for cows that environmentalists have linked to rainforest destruction. The state-owned company, which runs 140 farms, said it would end the use of the feed by June 2017 to […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola establishes range

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CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the […] Read more
(GreenPalm.org)
Crops

Palm plantations shaken by the green body they helped create

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Kuala Lumpur | Reuters — In 2004, Malaysian palm oil producer IOI Group became a founding member of the Roundtable on Sustainable Palm Oil (RSPO) and later an executive board member in what seemed like a cosy arrangement. Twelve years later, IOI attempted to take legal action against RSPO over an environmental ruling that has […] Read more
(GreenPalm.org)
Crops

France’s Senate suspends palm oil tax, delays neonic ban

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Paris | Reuters — The French Senate on Thursday adopted a revised version of its biodiversity bill in which senators scrapped an additional tax on palm oil and delayed until 2020 a ban on pesticides blamed for harming bees. The decisions are not final as the two houses of the French parliament now have to […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola watching acreage numbers

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CNS Canada — ICE Futures Canada canola contracts rose during the week ended Wednesday, as strong advances in U.S. soy overpowered resistance cast on the market by the stronger Canadian dollar. The canola market “was able to get some support from the soy action but the Canadian dollar has taken most of it away… it’s […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola ebbs, flows in wide range

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CNS Canada –– ICE Futures Canada canola contracts have moved steadily higher over the past month, but the market remains rangebound overall. “There are underlying supportive influences for canola, but it still comes down to the bigger trends in vegetable oils and oilseeds competing internationally,” said Mike Jubinville of ProFarmer Canada, adding that “there’s a […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola watching currency, soybeans

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CNS Canada — ICE Futures Canada canola contracts posted small gains during a choppy trading week ended Wednesday. Values were under pressure from the start due to a sharp break below major chart support on Feb. 9. Expectations of a large soybean crop from South America along with the ever-strengthening Canadian dollar put pressure on […] Read more

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