Reuters — A U.S. appeals court ruled on Thursday that federal regulators erred in allowing an insecticide developed by Dow AgroSciences onto the market, canceling its approval and giving environmentalists a major victory. The ruling by the U.S. Court of Appeals for the Ninth Circuit, in San Francisco, is significant for commercial beekeepers and others […] Read more
U.S. court finds EPA wrong to approve sulfoxaflor over bee risks
ICE weekly outlook: Canola weak, but finding support
CNS Canada — ICE Futures Canada canola contracts posted losses in most months during the week ended Wednesday, though the market uncovered some support to the downside and finds itself well off its nearby lows. The larger-than-expected old-crop stocks uncovered by Statistics Canada in its September 3 report remain a bearish influence overhanging the market. […] Read more
Canola cash basis levels weaken as harvest rolls along
CNS Canada –– The cash market for Canadian canola continues to soften, with one commodity analyst pegging its range at $20-$30 under the price being paid for the near-term (November) contract. Last week’s bearish report from Statistics Canada put a damper on already-weak trade between farmers and companies, according to Errol Anderson, president of ProMarket […] Read more
Canola charts pointed lower
CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more
Jimsonweed not a threat to canola oil, meal safety
Canada’s canola oil and meal will remain safe to consume even if some jimsonweed seeds end up in it, according to Curtis Rempel, vice-president of crop production and innovation at the Canola Council of Canada (CCC). “While jimsonweed itself can be poisonous, the heating process in canola oil and meal processing denatures toxic alkaloids, so […] Read more
ICE weekly outlook: Canola may drop more
CNS Canada — ICE Futures Canada canola futures drifted lower during the week ended Wednesday, chopping up and down amid volatile financial markets. “A lot of canola has to come to market, and there’s a lot of guys that are cash-poor and they don’t have storage, so they have to sell it,” said Wayne Palmer […] Read more
East’s biggest oilseed crusher goes to Viterra
Eastern Canada’s biggest oilseed processing plant is poised to become part of Canada’s biggest grain handler. Regina-based Viterra announced last week it has signed a deal to buy the shares of Twin Rivers Technologies-Entreprises de Transformation de Graines Oleagineuses du Quebec, or TRT-ETGO, whose main asset is its canola and soybean crushing and refining plant […] Read more
Monsanto, rivals eye next step after Syngenta deal collapse
Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more
ICE weekly outlook: More losses in store for canola
CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the most active November contract but a slightly firmer tone in the more deferred positions. With harvest pressure only beginning in Western Canada, and the U.S. soy complex looking bearish, the front month will likely keep drifting […] Read more
Canola basis levels seen hanging steady
CNS Canada — Despite a turbulent start to the week for most commodities due to China’s stock market crash, basis levels for canola remain relatively attractive in Manitoba and much of the Prairies, according to an industry watcher. Canola growers have been receiving cash prices of roughly $10.50 in Manitoba and parts of Saskatchewan, said […] Read more