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Implementation of higher biodiesel mandates in Indonesia, the world’s biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Photo: Natt Boonyatecha/iStock/Getty Images
Markets

Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says

Decrease in available palm oil would be ‘catastrophic’ for global consumers, analyst says

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Implementation of higher biodiesel mandates in Indonesia, the world's biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Indonesia currently has a mandatory 35 per cent blend of palm oil-based fuel in biodiesel and is seeking to ramp up to biodiesel containing 40 per cent palm oil to cut its energy imports.
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder markets experience stronger demand

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For the week ending October 5, Western Canadian prices for grass yearlings were steady to as much as $10 higher while values for backgrounded yearlings were relatively unchanged. Calf markets were quite variable with preconditioned 650-800 pound calves trading $4-$8 above week-ago levels. Prices for  non-weaned bawlers were relatively unchanged.
Currency markets

Canadian dollar and business outlook

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By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The Canadian dollar was weaker Tuesday morning, with losses in crude oil accounting for some of the selling pressure in the energy-linked currency. At 9:20 a.m. CDT the Canadian dollar was trading at US$0.7322 or US$1=C$1.3657, which compares with Monday’s close of US$0.7348 or US$1=C$1.3609. Crude
Global markets

Global Markets: Canadian trade deficit widens

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By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Canada’s international trade deficit widened to C$1.1 billion in August, as imports increased by 0.3 per cent and exports fell by 1.0 per cent, Statistics Canada reported Tuesday. The data included a
Futures markets

ICE Canada Morning Comment: Canola weaker due to comparable oils

November remains above most support levels

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By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures pulled back Tuesday morning, following other comparable oils to the downside. In a corrective move there were losses in the Chicago soy complex, European rapeseed and Malaysian palm oil. Crude oil as well was lower, adding more pressure on the oilseeds. Despite the
Currency markets

Canadian Financial Close: Loonie continues losing ground

Spike in crude oil prices can't reverse dollar's course

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By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar shed more ground on Monday, as its United States counterpart was relatively steady and despite sharp upticks in crude oil. The loonie closed at US$0.7348 or US$1=C$1.3609, compared to Friday’s finish of US$0.7365 or US$1=C$1.3577. On the U.S. Dollar Index, the greenback dipped

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