China’s Tight-Money Policy Drags Down Commodities

Canola futures on the ICE Futures Canada trading platform maintained an upward price trend for much of the week before the Chinese government’s decision to keep a tight monetary policy sent world currencies into a frenzy and sparked a massive speculative sell-off of commodity positions. The speculative liquidation essentially sent CBOT (Chicago Board of Trade)

EU Reviews GM Crop Assessment Rules

BRUSSELS/REUTERS The EU’s food-safety watchdog issued new guidelines Nov. 12 for assessing the environmental impacts of genetically modified (GM) plants, as part of a shakeup of the bloc’s GM crop approval system. The guidelines from the European Food Safety Authority (EFSA) set out new assessment procedures for biotech companies when submitting GM crops for EU


Loonie’s Rise Doesn’t Slow Canola’s Climb

Canola futures at ICE Futures Canada were higher during the week ended Nov. 8, continuing the steady climb that’s been in place since the beginning of October, and going back to June in the monthly charts. While underlying concerns about the size of the Canadian canola crop remain supportive overall, the gains this week were

Flax Price Seen Hitting Peak Soon

The price for flaxseed has been steadily increasing across the Prairies, but one industry participant thinks the bullish days may be coming to an end in the near future. Ben Friesen, commodity purchasing manager with Keystone Grains at Winkler, said although elevators aren’t saying it, the price flax has been at $15 per bushel for


Canada Said To Have Sold Wheat To South Korea

Canada is believed to have exported feed wheat to South Korea, although confirmation was lacking. It was reported by overseas exporters Oct. 27 that South Korea’s Major Feedmill Group bought a total of 110,000 tonnes of Canadian feed wheat in a tender at $308.25 per tonne, with arrival by Feb. 10, 2010. John Lyons, media

CWB Pool Forecasts

No. 1 CWRS 13.5 No. 1 CWRS 12.5 No. 2 CWRS 13.5 No. 1 CWHWS 13.5 No. 1 CPSR No. 1 CPSW No. 1 CWRW No. 1 CWES No. 1 CWSWS No. 1 CWAD 13.0 October PRO 2010-11 308 293 296 308 255 252 249 278 250 September PRO 2010-11 300 286 288 300 247


Canola Trend Seen Continuing Upward

Canola futures on the ICE Futures Canada trading platform continued their upward trek during the week ended Oct. 22. The strength displayed by canola was again linked to Canada’s domestic processing industry who have an aggressive crush program in place. Favourable crush margins and good canola product sales on the books have resulted in this

Grain And Oilseed Ending Stocks Down

Ending stocks of Canada’s grain and oilseed crops at the termination of the 2010-11 crop year will be slightly lower than what was projected in late August and well below the level forecast for 2009-10, according to updated supply and demand tables from Agriculture and Agri-Food Canada’s market analysis division released on Oct. 15. Ending


OECD Does Not See Food Crisis Repeat

The OECD does not expect a repeat of the 2007-08 food crisis because market fundamentals are different now and there is no shortage of grain, a senior OECD official told Reuters Oct. 15. “Fundamentals are not there that would make us fear a repeat of the kind of price spikes that we had in 2007

Wheat Prices Seen Rising Further As Fall Seedings Decline

Canola futures on the ICE Futures Canada trading platform strengthened during the week ended Oct. 15, with much of the upward price momentum encouraged by the gains experienced by CBOT (Chicago Board of Trade) soybean futures as well as by the aggressive demand from the Canadian canola-processing industry. Fresh speculative demand surfaced during the week,