MarketsFarm — The U.S. Department of Agriculture (USDA) released its monthly oil crops outlook on Tuesday featuring reductions in global rapeseed and sunflower production and U.S. soybeans. USDA estimated global rapeseed production at 68.6 million tonnes, a decline of one million, with the lion’s share of the losses in Canada. Canadian production for 2019-20 was […] Read more
Tag Archives rapeseed — page 3
Most oilseed estimates down in USDA’s October outlook
USDA lowers Canadian canola export forecast
MarketsFarm — The slowing pace of Canadian canola exports, linked to the country’s trade dispute with China, saw the U.S. Department of Agriculture lower its forecast for Canadian canola exports in the current 2018-19 marketing year. In its latest Oilseeds: World Markets and Trade report, USDA’s Foreign Agricultural Service said actual Canadian exports could end […] Read more
French rapeseed farmers destroy 18,000 hectares over GMO risk
Paris | Reuters — French farmers destroyed a total of 18,000 hectares of rapeseed, more than double the area initially expected, following the discovery of a non-authorized genetically modified organism (GMO) in seeds, German group Bayer said on Friday. Bayer had announced in February that farmers in France and Germany were turning over thousands of […] Read more
French, German farmers destroy crops after GMOs found in Bayer seeds
Paris | Reuters — Bayer said on Wednesday that farmers in France and Germany were digging up thousands of hectares of rapeseed fields after traces of genetically modified organisms (GMOs) banned for cultivation were found in seeds sold by the company. GMO crops are widely grown across the world, but they remain controversial in Europe, […] Read more
Crude oil and canola part company, for now
CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more
Tisdale drops ‘Land of Rape and Honey’ slogan
Reuters — The Saskatchewan town of Tisdale is no longer the “Land of Rape and Honey,” it said on Monday, as it dropped a slogan that had been a constant source of complaints. The slogan referred to rapeseed, also known as canola, a major product of Tisdale and the surrounding region along with honey. But […] Read more
Blackleg, big stocks seen behind China-Canada canola conflict
Reuters — A “scientific disagreement” between Canada and China over the risk of transmitting the blackleg fungus is behind China’s move to raise its standard for Canadian canola imports, an industry official involved in discussions said. But some traders say the real reason for a higher standard that may slow Chinese imports is the country’s […] Read more
Scorching heat delays India’s rapeseed sowing
Mumbai /Â Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more
ADM increases stake in Wilmar
Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
Minogue: Biotech gets its due at international rapeseed forum
Saskatoon — How important is biotechnology to Prairie farmers? On his farm, Saskatchewan farmer Maurice Delage says, the net profit from canola is about $100 per acre, making it his most profitable crop most years. Delage, who now farms at Indian Head and was CEO of Aventis Crop Sciences (now Bayer CropScience) in North America […] Read more
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