palm oil Archives | Alberta Farmer Express

CBOT May 2021 wheat with Bollinger (20,2) bands. (Barchart)

U.S. grains: Storms forecast for Plains drive wheat to one-month low

Corn up, soybeans down, soymeal drops

By Julie Ingwersen, GFM Network News March 12, 2021

Chicago | Reuters — U.S. wheat futures extended losses on Friday, touching a one-month low as rain and snow forecast for dry parts of the U.S. Plains improved production prospects, analysts said. Soybean futures finished narrowly mixed, caught between surging soyoil futures amid tightening world vegetable oil supplies, and slowing demand for soymeal, a hog […] Read more

CBOT May 2021 wheat with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Wheat down on forecasts for Plains moisture

CBOT soybeans and corn both end higher

By Julie Ingwersen, GFM Network News March 11, 2021

Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more

The social media chatter and news stories started spreading when the butter stopped being so easy to apply on a slice of bread.

Dairy Cattle, News

‘Buttergate’ has dairy sector on the defensive

Hard-to-spread butter suddenly becomes an international controversy on what Canadian dairy farmers feed their cows

By Glenn Cheater March 10, 2021

Reading Time: 2 minutes It started with a few tweets and texts, but escalated into an issue that drew international attention — and a vow from the chair of Alberta Milk “to do better.” It began with people wondering why their butter no longer spread easily at room temperature before suddenly turning into a controversy over what dairy farmers […] Read more

CBOT May 2021 corn with Bollinger (20,2) bands. (Barchart)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn is the leader

By Glen Hallick - MarketsFarm, GFM Network News January 27, 2021

MarketsFarm — Over the last week at the Chicago Board of Trade (CBOT) corn has been leading soybeans, while wheat has been lacking good exports, according to Ryan Ettner, broker with Allendale Inc. in Fort McHenry, Ill. Ettner said he also expects the situation is very likely to continue, barring any kind of a major […] Read more

Canola, Crops, Soybeans

Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

By Dave Bedard, GFM Network News October 27, 2020

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

ICE January 2021 canola (candlesticks) with 20-, 50- and 100-day moving averages plus CBOT January 2021 soybeans (blue line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola rebounds on U.S. futures support

By Glen Hallick - MarketsFarm, GFM Network News September 30, 2020

MarketsFarm — After a week of steady losses canola prices surged back Wednesday, catching ample spillover support from the Chicago Board of Trade (CBOT). That support in turn was derived from two new reports from the U.S. Department of Agriculture (USDA). The report on grain stocks as of Sept. 1 noted declines in wheat, corn […] Read more

ICE March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola could break out of range

By Glen Hallick - MarketsFarm January 2, 2020

MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more

Opinion

Rance: Sustainability isn’t a burden, but an opportunity

By Laura Rance December 31, 2019

Reading Time: 3 minutes It didn’t take long for a young cattle rancher from Saskatchewan to capture the audience’s attention at the recent Canada 2020 National Forum on Agri-Food in Ottawa. “For me, the word ‘sustainability’ is synonymous with McDonald’s,” said Adrienne Ivey, who is part of a family corporation managing 3,000 beef cattle on a 10,000-acre spread near […] Read more

File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

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

CBOT January 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybean futures set two-week high

By Tom Polansek December 9, 2019

Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more

Bayer, Corteva in ‘two-dog battle’ over U.S. soy market

CBOT weekly outlook: Focus to shift after USDA’s largely stand-pat WASDE report

Prairies hit hard by drought

GFM Network News