Workers load the cargo ship Kypros Land with soybeans headed for China in Santos, Brazil in 2017.

China’s soy imports up 25 per cent year over year

Buyers in China buying up cheap supplies from Brazil

Reuters – China imported 10.27 million tonnes of soybeans in June, up 24.5 per cent from a year earlier, July 12 customs data showed, as large purchases of cheap Brazilian beans reached the market. The imports by the world’s top soybean buyer were significantly lower than the record 12.02 million tons in May, when delayed

A canola field in bloom near Esterhazy, Sask., on July 21, 2023.

Market experts predict yellow fields for the year

Expert’s Radar: How much have the world’s farmers painted their fields in oils?

My neighbour recently had her house painted, transforming the once-drab stucco with peeling green trim into a beautiful rusty red with cream-coloured accents. Just a few days before the painters showed up, she was still second-guessing her colour choices, but the end result looks great. A fresh coat of paint can do wonders while also


Weather concerns drive market rallies

Generous U.S. crop estimates aren’t likely to last

ICE Futures canola contracts climbed higher during the second week of July, with the most-active November contract gaining roughly $200 per tonne in less than two months to hit its strongest level since January. The ongoing uptrend in canola saw futures break through their 200-day moving average during the week, with speculators covering short positions

People watch as a tornado swirls near Carstairs, Alta. 
on July 1 in a screengrab from a social media video.

Uncertainty embedded in a weather market

Canola pushes past the bumps of a holiday-shortened trading week

Canola made a big jump on June 30, following steep increases in the Chicago soy complex, and by July 6 the oilseed appeared well positioned to attack $800 per tonne. The U.S. Department of Agriculture released its planted acres report June 30, catching the trade off guard in cutting the amount of soybean acres by


U.S. wheat export data leaves trade underwhelmed

U.S. wheat export data leaves trade underwhelmed

Expert's Radar: Time has been unkind to oats futures

One of my favourite bands from back in high school is set to headline a free concert at my hometown’s annual summer festival this year. I’m looking forward to it, but at the same time, it serves as a reminder that I’ve been around for a while and not so young anymore.  Oats knows?  Oats

Minnesota farmer John Peterson, who uses no-till and cover crops in his corn and soybean fields, and Anna Teeter, a conservation agronomist with Cargill, examine the soil at his farm at North Branch, north of St. Paul, Minnesota, on June 16.

Weather to make grain prices high, growing conditions dry

Acreage estimates from StatCan were bearish for canola values

June has ended and many have looked up at fireworks lighting up the night sky, celebrating holidays on both sides of the Canada/U.S. border. However, canola growers, traders and analysts will either be looking at the sky for clouds or down at weather maps. After rallying throughout the first half of June to its highest


Canada’s canola industry is also looking to an increase in demand from the biofuel sector, with several projects in the works.

U.S. renewable fuel mandate muddies demand outlook

New-crop canola is above $700 but it’s hitting resistance

After trending higher for all of June, the ICE Futures canola market finally ran into resistance as the calendar officially switched to summer. Weather was at the forefront of all the North American agricultural markets, closely followed by a much-anticipated biofuel announcement from the U.S. Environmental Protection Agency. From a chart standpoint, the new-crop November

Soyoil futures recently found themselves in a near vertical uptrend, gaining more than 25 per cent.

Veg oil markets bubble up from depths

Expert's Radar: Dry conditions lift futures well off recent lows

Mini-donuts, churros, beaver tails, rollkuchen, funnel cake, corndogs, French fries, even Mars bars — they all taste better when fried in oil. The summer festival season of fried food from food trucks is just getting underway, while the markets for the vegetable oils filling all those deep fryers have also been heating up. Soyoil Since


Soil cracks around corn plants below knee-high at Manchester Township, about 130 km west of Philadelphia in southern Pennsylvania, on June 6.

Dryness leads to spike in weather market

Several canola contracts punched up above $700

Growing concerns over dry conditions in North America, as well as parts of Europe, Argentina, Malaysia and elsewhere, led to a spike in oilseed and grain prices. That was particularly felt on June 15 when North American markets spiked upward and saw ICE Futures canola jump more than $20 per tonne for the most heavily-traded

Crops may be in the ground, but official seeding numbers are still somewhat up in the air.

As with coffee, grain markets now a ground game

Expert's Radar: Official acreage estimates are still a couple of weeks away

A building at the end of my street has been under renovation for several months, with a new local coffee shop ‘coming soon,’ according to the signage. The building was formerly a vape store and before that an insurance brokerage, so there is plenty of work to be done to transform it into a café.