CNS Canada — ICE Futures Canada canola contracts were up and down during the week ended Wednesday, although the nearby bias could still be pointed higher, according to a market analyst. Statistics Canada is forecasting record canola seedings in 2017 of 22.4 million acres, but Wayne Palmer of Agri-Trend Marketing in Winnipeg said actual seeded […] Read more
ICE weekly outlook: Tight supplies keep canola supported
Sunflowers down, but not out in Western Canada
CNS Canada — Canadian sunflower plantings will be down in 2017, but perhaps not by as much as the official government estimate. Statistics Canada forecast the country’s sunflower area at only 50,000 acres in its planting intentions report. That would be down from 70,000 the previous year and the second-lowest acreage base of the past […] Read more
Canadian producers to plant record canola crop, boost soybean acres
CNS Canada – Canadian oilseed acreage is set to boom according to the latest acreage estimates from Statistics Canada. Today, the agency released its Principal Fields Crops Acreage Summary for 2017/18 on April 21. It pegged canola acreage at a record 22.387 million acres, a jump of 2.02 million acres over last year. “It’s no surprise […] Read more
ICE weekly outlook: More gains likely for rising canola
CNS Canada — ICE Futures Canada canola advanced sharply on the week and has room to strengthen further, though resistance is on the horizon. Canola far outpaced Chicago Board of Trade (CBOT) soybeans in the week ending Wednesday, as the market gathered independent strength. Since last week, July canola advanced about $18 per tonne, closing […] Read more
U.S. soy acreage forecast at all-time high despite plentiful stocks
Reuters – U.S. farmers plan to seed a record amount of soybean acreage this spring, even with supplies trending near all-time highs, the government said Mar. 31. Growers will dial back their corn seedings this spring despite signs of firm demand as record stocks have cast a bearish tone over the futures and cash markets […] Read more
Between the Rows: Tech, teaching and tonnage
It’s no secret that technology companies have placing agriculture-related bets in recent years, but their total investment in startups is down from its 2015 peak. Has Silicon Valley cooled on agriculture or will it keep pushing at what some describe as tech’s “last frontier?” On this week’s episode of Glacier FarmMedia’s new podcast Between the […] Read more
Ag groups tout potential of trade pact with China
Canadian ag commodity groups expect to make a case for freer trade with China during consultations now underway alongside Ottawa’s talks on a possible free trade deal with Beijing. Federal Trade Minister Francois-Philippe Champagne on Friday announced public consultations, running until June 2, following last September’s announcement of “exploratory discussions” on a free trade agreement […] Read more
Soy loadings delayed at Brazil northern ports
Brasilia | Reuters — At least 11 ships are facing delays in loading soybeans at Brazil’s northern ports after rains washed out roads and disrupted the progress of trucks carrying beans from the centre-west region, Brazilian officials said on Thursday. Agriculture Minister Blairo Maggi said some commodities traders could have problems fulfilling soy export contracts […] Read more
U.S. soy grower co-op plans North Dakota crush plant
A U.S. soybean growers’ co-operative has picked its site for what it says would be the first soybean processing plant of its kind in North Dakota. Minnesota Soybean Processors and its North Dakota Soybean Processors (NDSP) subsidiary announced Tuesday their site will be on 150 acres near Spiritwood, N.D., 260 km south of the Manitoba […] Read more
ICE weekly outlook: Canola pointed lower
CNS Canada — ICE Futures Canada canola contracts saw a bit of a corrective bounce on Wednesday but their overall trend remains pointed lower, with the winter highs possibly in for now, according to an analyst. “The technical and the fundamentals are pointing down,” said Errol Anderson of Pro Market Communications in Calgary, pointing to […] Read more
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