MarketsFarm — Canola was bolstered by strong trade activity and profit-taking at midweek, though values remained rangebound. As of Wednesday, 144,500 canola contracts had traded hands, with the most activity […] Read more
Tag Archives vegetable oil
ICE weekly outlook: Canola gives back gains at midweek
ICE weekly outlook: Weak export data holds back canola market
The Canadian dollar and vegetable oil are the main supports for canola contracts on the futures markets, but sluggish exports are holding it back from further gains, said a market […] Read more
Richardson to buy Wesson cooking oil brand
A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its […] Read more
ICE weekly outlook: Canola awaits acreage report
CNS Canada — This week’s acreage estimates from Statistics Canada could bring an end to canola’s recent chart surge upward — or could give futures the impetus to move even […] Read more
Smucker drops bid to buy Wesson Oil after U.S. objects
Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved […] Read more
Partially hydrogenated oils on the way out
The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will […] Read more
Conagra to sell Wesson oil brand to Smucker
Reuters — Packaged food maker Conagra Brands said on Tuesday it would sell its Wesson cooking oil brand to Folgers coffee maker J.M. Smucker Co. for about US$285 million. Conagra […] Read more
ICE weekly outlook: Canola faces supply questions
CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided […] Read more
ICE weekly outlook: Canola watches weather amid uptick in price
CNS Canada –– Canola futures burst through the psychologically-important $500 per tonne mark during the week ended Wednesday, but now face a critical juncture as weather and time will dictate […] Read more
U.S. grains: Soybeans climb one per cent, led by veg oils
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 […] Read more
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