oilseed Archives | Alberta Farmer Express

Bigger sunflower crop expected for 2020

By Phil Franz-Warkentin, GFM Network News May 15, 2020

MarketsFarm — Canada will likely see its largest sunflower crop in a number of years in 2020 if weather conditions co-operate, as good end-user demand and solid returns for growers generate increased interest in the crop. Canadian farmers intend to seed 104,400 acres of sunflowers this spring, which would be up 36 per cent on […] Read more

Canola, Crops, Markets, Soybeans

February’s oilseed crush lower than January’s

Canola, soybean crush down on month, StatsCan reports

By Glen Hallick - MarketsFarm, GFM Network News April 9, 2020

MarketsFarm — As has often been the case, February 2020’s oilseed crush was lower than January’s, according to Statistics Canada’s latest report released Thursday. More than 812,600 tonnes of canola were crushed in February, down 4.9 per cent from January. Also, there were 144,260 tonnes of soybeans crushed in February, for a drop of 10.7 […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans, wheat fall as coronavirus spreads

By Mark Weinraub January 31, 2020

Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said. The losing streak marks the longest for the most-active soybean futures contract since a 10-day stretch that […] Read more

Crops, Markets, Pulses, Weather

Pulse weekly outlook: India pulse estimates improve

By Glen Hallick - MarketsFarm January 14, 2020

MarketsFarm — Conditions are still not looking good for India’s kharif (summer) production, and in particular for pulse crops. Excessive monsoon rains, followed by above-average post-monsoon rains, have hurt production, according to a report. The excessive rains resulted in flooding in 13 states in India and the National Bulk Handling Corp. (NBHC) estimated Monday that […] Read more

Crops, Markets

Palm oil 101: Sought-after crop holds sway over oilseed trade

By Phil Franz-Warkentin - MarketsFarm December 31, 2019

MarketsFarm — Palm oil may be grown halfway around the world in conditions much different than on the Canadian Prairies, but the outsized influence of the crop on world oilseed markets makes it an important factor to watch when considering canola prices. Indonesia and Malaysia are the world’s largest producers of the crop, with futures […] Read more

Crops, Markets, Soybeans, Weather

U.S. books latest end to soy harvest in a decade

By Glen Hallick - MarketsFarm November 13, 2019

MarketsFarm —The U.S. Department of Agriculture (USDA), in its oilseed crops outlook issued Wednesday, said the country’s 2019 soybean harvest will wind up the latest in 10 years. As of Sunday, the overall U.S. soybean harvest stood at 85 per cent complete, according to USDA’s weekly crop progress report. The pace was two points behind […] Read more

Crops, Markets, Weather

Manitoba sunflowers not calling it quits just yet

By Phil Franz-Warkentin - MarketsFarm September 16, 2019

MarketsFarm — Manitoba farmers may have seeded the smallest sunflower acres in eight years this spring, but the crop is in reasonably good shape heading into the harvest later in the fall. “I do expect to see better crops this year than last year,” said Cody Burton, purchasing manager with Nestibo Agra at Deloraine, Man. […] Read more

Crops, Markets, Weather

Sunflowers doing well despite drought

By Marlo Glass – MarketsFarm June 5, 2019

MarketsFarm — Though many producers bemoan current drier-than-normal springtime conditions across the Prairies, sunflower crops are primed for a good year. “As long as there’s enough moisture to germinate, they immediately grow a really deep root system,” said Ben Friesen of Scoular Canada. While Statistics Canada estimated the 2019 sunflower acreage to remain pretty much […] Read more

Crops, Markets, Reuters

New Bunge CEO looks to downsize company before growing again

By Rod Nickel May 15, 2019

New York | Reuters — The new chief executive of oilseed processor Bunge said Wednesday that the company needs to downsize in the short term and earn “the right to grow again,” by avoiding costly mistakes and operating with financial discipline. “We’re going to let the numbers drive what should happen for us. First, we […] Read more

Canola, Crops, Markets, Reuters

China’s ban on Canadian canola expands to Viterra

By Dominique Patton, Julie Gordon March 26, 2019

Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month. […] Read more

Klassen: Feeder market in summer mode

Canola fund short position smallest in six months

U.S. grains: Corn, soy down as weather favours yield prospects

GFM Network News