Price Spread Limiting DDGS Usage In Canada

COMMODITY NEWS SERVICE CANADA Ample domestic feed grain supplies together with high prices for corn-based DDGS (dried distillers grains with solubles) from the U.S. are currently limiting usage of the ethanol byproduct in Canadian livestock rations, according to market participants. The price spread is too wide right now, said Ryan Slozka, senior commodity trader with


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

Cargill Earnings Tumble

U.S. agribusiness and trading firm Cargill Inc. posted a steep drop in quarterly earnings Oct. 10, citing economic uncertainty and volatile commodity markets. Minneapolis-based Cargill, one of the world s largest privately held corporations, reported $236 million in earnings from continuing operations for the quarter ended on Aug. 31, down 66 per cent from $693


Agribusiness Giants Can’t Escape Market Volatility

You know commodity trading conditions are tough when even firms that sit on both the buy and sell sides of a market still suffer hefty losses. Such was the case with 140-year-old agribusiness giant Cargill, which recently reported a 66 per cent drop in earnings in the latest quarter over year-ago levels due to global



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


Canola Trade Bullish Despite Big Forecast

Canola futures on the ICE Futures Canada trading platform posted some modest advances during the week ended Aug. 26 despite the fact that a crop production survey from Statistics Canada estimated output of the crop at a record-size level. The government agency’s survey for the period ended July 31 said canola production in Canada during