File photo of a cooking oil bottling line in Spain. (Sabor de España/iStock/Getty Images)

Canadian canola prices spike as shippers find back door to China

'Profits are extravagant... It is like gold oil now'

Winnipeg/Beijing | Reuters — Canadian canola prices have soared to the highest in nearly two years, despite a diplomatic dispute between Ottawa and Beijing, as exporters find roundabout ways to reach top oilseed buyer China. Chinese authorities have since March 2019 blocked canola shipments by two Canadian exporters, an action they took after Canadian police

CBOT July 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat hits eight-month low as harvest advances

Soybeans gain on trade optimism; ethanol report supports corn

Chicago | Reuters — Chicago wheat futures edged downward on Wednesday reaching an eight-month low as the U.S. harvest continues and rainfall across Europe allayed recent weather worries. Corn prices climbed after early losses, ending in positive territory on increased ethanol use, but capped by pressure from favourable weather across the U.S. Midwest, while soybeans



CBOT July 2020 soybeans with Bollinger (20,2) bands. (Barchart)

U.S. grains: Soy rises on stronger Brazilian currency

Wheat pressured by rain relief across Europe, export lull

Chicago | Reuters — U.S. corn and soybean futures rose on Wednesday as plans to ease lockdown measures and a move by U.S. President Donald Trump to keep meat factories open tempered fears about demand destruction caused by the coronavirus epidemic. Wheat futures slid, hitting a one-month low as rains in Europe and the Black





(PortOfThunderBay.com)

Canola shipments boost Thunder Bay port activity

MarketsFarm — Cargo movement through the Port of Thunder Bay is running ahead of the previous year’s pace, with some of the extra movement tied to increased canola exports to Europe, according to the latest data from the port authority. Total cargo movement in September of 1.1 million tonnes compares with the 919,386 tonnes reported




CBOT September 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soy, corn, wheat firm ahead of USDA monthly data

Chicago | Reuters — U.S. soybean, corn and wheat futures closed higher on Wednesday as traders adjusted positions a day before a monthly U.S. Department of Agriculture (USDA) report in which analysts expect the government to lower its 2019 U.S. yield estimates for corn and soybeans. The report due on Thursday is drawing extra interest