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Oilseeds

ICE January 2023 canola (candlesticks) with 20- and 50-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Trader sees canola topping $900 mark soon

Crush margins at 'very, very extreme levels'

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MarketsFarm — Despite surpassing the $900 per tonne mark at times during the week ended Wednesday, ICE Futures’ January canola contract never settled above that psychological level. Rising prices prior to the weekend later gave away to selling pressure after the weekend due to a correction in vegetable oil prices, according to broker Ken Ball
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

U.S. railroads, union extend strike deadline until at least Dec. 4

Teamsters warn against 'blatant attempt to cause panic'

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Washington | Reuters — A group representing major railroads and a union that voted to reject a new contract said Wednesday they had agreed to extend a potential strike deadline until at least Dec. 4. The National Carriers’ Conference Committee (NCCC) and the International Brotherhood of Teamsters (BMWED) that represents 11,000 workers extended the current
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat drops as USDA raises global supply view

USDA lifts U.S. corn, soy yield views; stocks still tight

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Chicago | Reuters — U.S. wheat futures fell on Wednesday after the U.S. Department of Agriculture (USDA) unexpectedly raised its global supply outlook in a monthly report, citing larger crops in Australia, the U.K. and Kazakhstan that offset lower Argentine and EU production. A firmer U.S. dollar also weighed on wheat, along with optimism about
India gives environmental approval for gene-modified mustard
Crops, News

India gives environmental approval for gene-modified mustard

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Reuters – India has granted environmental clearance for genetically modified (GM) mustard seeds, experts said Oct. 27. It paves the way for commercial use of the country’s first GM food crop.  The world’s biggest importer of edible oils, on which it spends tens of billions of dollars a year, India fills more than 70 per
CBOT December 2022 soft red winter wheat with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Wheat, corn, soy ease as traders await crop data

Wheat traders eye Black Sea supplies

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Chicago | Reuters — U.S. grain and soybean futures on Tuesday eased on long liquidation ahead of the release of widely followed government crop forecasts on Wednesday, analysts said. The wheat market also grappled with Black Sea supply prospects as Ukraine sought to expand a grain deal allowing exports from Black Sea ports. The most-active
CBOT January 2023 soybeans (candlesticks) with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn sag on worries about China demand

Upcoming USDA data in focus

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Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat
(PortOfThunderBay.com)
Crops

Thunder Bay grain shipments up in October

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MarketsFarm — The Port of Thunder Bay saw an increase in its grain handle in October 2022, moving 840,000 tonnes during the month. The grain exports were up by 33 per cent from September and up by eight per cent from October 2021, according to a news release. The increase was seen as a return

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