Bearish Sentiments, Weather Drag On Canola

Canola futures on the ICE Futures Canada trading platform suffered a minor setback during the week ended Aug. 5 with the downtrend in the Chicago Board of Trade (CBOT) soybean complex and the liquidation of positions by speculators and commodity funds who were spooked by the uncertain global economic situation, behind the bearish price sentiment.

In Brief… – for Jul. 28, 2011

Rain, rain go away:Wheat crops in western Europe have rallied after a spring drought, but the rains that helped them recover may soon pose a threat to crop quality. “We are waiting for some sunshine we definitely don’t need this rain any more,” said Jack Watts of Britain’s Home-Grown Cereals Authority. In France, heavy showers


CME To Push Ahead With Higher Corn Trading Limits

The CME Group made it clear at a July 19 meeting that the exchange would go ahead with plans to raise the daily trading limits on corn futures despite strong opposition from many grain-handling companies. The CME’s request to raise the trading limit to 40 cents from the current 30 cents is under review by

Weather Concerns Drive Markets

Canola futures on the ICE Canada trading platform continued their upward trek during the week ended July 15 with weather concerns and a pickup in demand assisting the price gains. Some of the weather concerns were linked to the Canadian Prairies and differing opinions on the condition of the canola crop in each of the



Ethanol Producer Adding Cheap Wheat To Corn

The Andersons Inc., a major U.S. ethanol producer, has started mixing wheat into its corn-based biofuel in a move to lower costs and diversify its sourcing amid increasingly tight corn supplies. Andersons, which operates three U.S. ethanol plants with total capacity of 300 million gallons, has started using soft red winter wheat along with corn.






CME Wheat Storage Plan May Hinder Feed Switch

U.S. livestock producers seeking to switch from high-cost corn to wheat in their feed rations face a hurdle from a controversial plan that makes it more profitable for grain elevators to hold on to their wheat supplies, analysts said. The CME Group’s plan, which aims to narrow the spread between soft red winter wheat futures