Canola Futures Recovering On Fresh Chinese Demand

Dwayne Klassen CNSA Canola futures on the ICE Futures Canada trading platform managed a rally during the week ended Oct. 14, recovering some of the losses experienced in the previous reporting periods. Confirmation of fresh Chinese demand for Canadian canola helped to generate some of the price strength, as did the reluctance of Prairie producers

Argentine Wheat And Corn Benefit From Rains

Buenos Aires/Reuters Rain over the last 10 days in Argentina s central grain area revitalized parched wheat fields and helped farmers with their corn sowing, but dry weather could return, a forecaster said Monday. This season got off to a rough start as planting was slowed by dry soils, but heavy rainfall last week allowed



Shrinking Oat Stocks May Add To Rising Food Costs

North American oat stocks look to fall to a near-record low next year, tightening milling supplies used in breakfast cereals such as Cheerios even as food companies struggle to contain input costs. Relatively high prices of commodities including corn, sugar and cocoa have for the past year left food companies facing the dilemma of whether


Highs Likely In For Canola Market As Harvest Ends

column Phil-Franz Warkentin CNSC The ICE Futures Canada canola market saw some wide price swings during the week ended Sept. 30, finishing with declines after testing downside resistance on a number of occasions. On the whole, the bearish factors in the market outweigh anything supportive, but a short-covering bounce does remain a possibility going forward.

Big U.S. Wheat, Corn Stocks Send Prices Tumbling Anew

washington/reuters U.S. corn and wheat stocks were much larger than expected at the end of the summer, providing a larger buffer against this year s reduced harvest and driving some grain prices to their lowest levels this year. In a sign that near-record grain prices curbed demand far more than analysts had anticipated, inventories of


Australia To Further Deregulate Wheat Exports

CANBERRA/REUTERS Australia will abolish its wheat export regulator and a levy on all wheat exports from Sept. 30, 2012, Agriculture Minister Joe Ludwig said Sept. 23, as the country moves to further deregulate its wheat exports market. However, the changes will be 12 months later than recommended by a major report into wheat exports, which

Economic Jitters, Harvest Pace Weigh On Grains

Canola futures on the ICE Futures Canada trading platform suffered a serious price setback during the week ended Sept. 23. Global macroeconomic concerns combined with an aggressive harvest pace on the Canadian Prairies to send values down sharply. All the canola contracts lost at least $20 per tonne each. The penetrat ion of support in


Oilseed Supplies Drag On Canola Demand

Canola futures on the ICE Futures Canada trading platform lost some significant ground during the week ended Sept. 16, with the advancing harvest in Western Canada and reports of better-than-anticipated yields encouraging the downward price slide. Producers were also delivering canola right off the combine and into the country elevator system, which contributed to some

Saudi Arabia A Big Buyer Of Barley In 2011

ABU DHABI/REUTERS Saudi Arabia is set to import seven million to 7.5 million tonnes of barley this year and is looking at long term deals with major grain exporter Ukraine, the finance minister of the world s biggest barley buyer said on Sept. 7. We import around seven to 7.5 million tonnes of barley as