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ICE futures

Canola funds reduce net short position

CNS Canada — Fund traders lowered their net short positions in ICE Futures canola during the week ended Tuesday, according to the latest commitment of traders (CoT) report compiled by the U.S. Commodity Futures Trading Commission (CFTC). According to the latest report, managed money and other reportable speculators decreased their net short position in canola […] Read more


U.S. grains: Soybeans down again, corn ends higher

Chicago | Reuters — U.S. soybean futures fell on Friday for a second session as traders reacted to smaller-than-expected purchases this week by China coupled with ballooning global supplies, traders said. Corn futures firmed on prospects for China to start buying U.S. supplies of the yellow grain, while wheat declined, consolidating a day after reaching […] Read more

Grain shippers wary of railways’ crude oil plans

Officials from both CN and CP Rail say increasing oil traffic will not hurt their grain service

Western grain shippers are watching closely to ensure their rail service doesn’t decline as oil shipments increase. “We would be concerned if either railway were to reduce grain capacity in favour of crude oil,” Wade Sobkowich, executive director of the Western Grain Elevator Association said in an interview Dec. 5. “Regardless of what the needs […] Read more



Merck bolsters animal health unit with Allflex deal

Reuters — Merck and Co. said on Friday it will buy privately-held French company Antelliq Group, which makes digital identification products for livestock, for about 2.1 billion euros (C$3.19 billion) to bolster its fast-growing animal health business. The move affirms the drugmaker’s commitment to the business, which Wall Street analysts have long seen value in […] Read more

hemp

‘Bigger pie’ seen for hemp as industry evolves

CNS Canada — Canada’s hemp industry will have an eventful year in 2019 as the industry expands with more processing facilities and legislative changes. One such legislative change was the legalization of hemp in the 2018 U.S. Farm Bill. The bill passed this week in both the U.S. Senate and House of Representatives and awaits […] Read more



el nino

U.S. forecaster sees 90 per cent chance of El Nino in winter

Reuters — There is a 90 per cent chance of the El Nino weather pattern emerging during the Northern Hemisphere winter of 2018-19, a U.S. government weather forecaster said on Thursday. “The official forecast favours the formation of a weak El Nino,” the National Weather Service’s Climate Prediction Center (CPC) said in a monthly forecast. […] Read more



Will Richardson International rejoin the Canola Council?

Jean-Marc Ruest says it all boils down to whether the benefits of membership outweigh the membership fee

Whether Richardson International will rejoin the Canola Council of Canada in the wake of a major review of funding and priorities is still uncertain. When interviewed last week Jean-Marc Ruest, the company’s senior vice-president of corporate affairs, didn’t rule it out but also didn’t leave the impression Canada’s biggest grain company is champing at the […] Read more




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