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
Tag Archives vegetable oil — page 3
ICE weekly outlook: Canola establishes range
ICE weekly outlook: Canola hits $500, watching volumes
CNS Canada — ICE Futures Canada canola contracts seem to have found a new range during the week ended Wednesday, with both the July and November contracts lifting around the $500 per tonne mark. Weakness in the Canadian currency and a dry weather premium in Western Canada were behind a lot of the support. As […] Read more
ICE weekly outlook: Canola drops amid widespread pressure
CNS Canada — ICE Futures Canada canola contracts suffered significant losses during a volatile week ended Wednesday. While futures managed to recover off their fresh contract lows hit during the week, the overall technical bias remained pointed lower. Weakness in the U.S. soy complex and vegetable oil market were joined by strength in the Canadian […] Read more
Canola crush margins hit best levels in months
CNS Canada –– Canola crush margins have improved considerably over the past few weeks, hitting levels not seen in over six months, as vegetable oil prices rose and the Canadian dollar dropped. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing canola, with exchange rates […] Read more
ADM buys Belgian veg oils company AOR
Reuters — Archer Daniels Midland is buying AOR NV, a privately held edible oils bottler and distributor based in Antwerp, Belgium, the U.S. grain company said Monday. Chicago-based ADM did not disclose the cost of the purchase, its latest acquisition aimed at expanding into higher-margin products including food-grade oils and food ingredients. ADM bought Swiss-German […] Read more
Trade panel rejects Que. appeal on edible oil products
Quebec has lost its last path of appeal against an interprovincial trade panel’s decision on restrictions for sales of vegetable oil-based dairy products in the province. An appellate panel, convened under the Agreement on Internal Trade (AIT), on Wednesday released a Jan. 26 report which upholds an AIT panel’s ruling last spring, favouring Saskatchewan’s challenge against Quebec’s […] Read more
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