Canola futures see downward price action

Canola futures on the ICE Canada platform experienced some weakness during the week ended November 9 with the bearishly construed USDA supply-demand balance tables for soybeans encouraging some of the downward price action. A larger-than-anticipated U.S. soyoil ending stocks estimate from the USDA added to the bearish sentiment in canola. The unloading of positions by


Russia to face milling wheat, rye deficit

Reuters / Russia’s miller’s union said it has asked the government to ease conditions for importing wheat from Kazakhstan and rye from Germany this spring to cover a shortage after drought slashed grain crops. Russia, historically the world’s No. 3 global exporter, was hit by hot and dry weather this year, which slashed its wheat

Drought repercussions will weigh on livestock sector for months to come

Low protein in soymeal and higher toxin levels in distillers grains add new challenges for pig, poultry and cattle feeders


Reuters / The repercussions of this year’s drought across the U.S. Midwest will likely continue to affect the livestock feeding industry for many months to come. Drought not only impacted the quantity of crops produced but also quality, leading to abnormally low protein content in soybeans and higher-than-usual toxin levels in corn that stand to





Rain may curb wheat area in France, Britain

paris / reuters / Recent heavy rains could prevent some wheat from being sown in France and Britain after some rapeseed area was lost in the two major European crop producers, adding further uncertainty to the global supply outlook, analysts said. Germany, however, has seen favourable sowing conditions for both crops, with rapeseed notably expected



Syngenta to enter Prairie canola seed market

Syngenta plans to broaden its canola portfolio beyond chemicals and launch its own new canola seed varieties on the Prairies starting next fall. “This is an exceptional time to be in the canola seed market, given the extent of breeding and varietal development activities going on across the country,” Dave Sippell, Syngenta’s head of diverse

India on track to produce surplus wheat for the sixth year in a row

India, which is also the world’s biggest consumer of grain after China, produced a record 93.9 million tonnes in 2012

India looks likely to harvest a bumper crop of wheat in 2013, its sixth in a row to exceed demand, after late monsoon rains replenished soil moisture, strengthening prospects for exports from the world’s second-biggest producer for a second year. Annual monsoon rains picked up after a slow start in June, prompting Farm Minister Sharad