ADM profit up on strong biofuel demand and ethanol margins

Reuters – Global grain trader Archer-Daniels-Midland Co. reported a jump of nearly 14 per cent in fourth-quarter earnings as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its core ag services

(File photo by Lisa Guenther)

Corteva CEO bullish on grain, oilseed prices for 2022

Reuters — Corteva expects prices for grains and oilseeds to remain high this year on record demand levels, its CEO said Thursday, following the insecticide and seed company’s upbeat sales outlook a day earlier. Global agriculture demand and prices for crops picked up pace in the fourth quarter of 2021, thanks to economies reopening and


CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

U.S. grains: Soybeans reach seven-month peak

Oil strength, South American crop worries lift soy; CBOT corn up, wheat down

Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn

ICE March 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

ICE weekly outlook: Choppy canola trade expected

Old-crop 'likely pushing the upper limits'

MarketsFarm — A speculative selloff weighed heavily on the ICE Futures canola market during the week ended Wednesday, before the selling subsided and prices regained much of their lost ground. “For prices this high, that’s pretty routine stuff,” said Ken Ball of PI Financial in Winnipeg on the $80 per tonne drop in the nearby


(Dave Bedard photo)

AAFC adjusts grain, oilseed balance sheets slightly

MarketsFarm –– Updated supply and demand tables from Agriculture and Agri-Food Canada (AAFC), released late Friday, included only minor adjustments to balance sheets for the country’s major crops. The department’s projected ending stocks for wheat and canola were left unchanged from the previous month. Factoring in the official estimates from Statistics Canada, released Dec. 3,



CBOT January 2022 soybean meal (candlesticks) with January 2022 soybean oil (yellow O/H/L/C, left column). (Barchart)

U.S. grains: Soybeans up as soymeal gains sharply against soyoil

CBOT corn up, wheat lower

Chicago | Reuters — U.S. soybean futures rose about one per cent on Tuesday as soymeal futures soared on expectations of rising demand for the high-protein feed ingredient, analysts said. Chicago Board of Trade soymeal futures gained sharply against soyoil futures on meal/oil spreading, with soyoil falling to six-month lows on expectations that U.S. oil

A sunflower crop north of St. Adolphe, Man. on Sept. 19, 2021. (Dave Bedard photo)

USDA expects canola, sunflowers elsewhere to offset Canada’s shortfalls

MarketsFarm –– Good canola and rapeseed crops in Australia and a number of other parts of the world along with large world sunflower seed production should help offset Canada’s smaller-than-expected production somewhat, according to the December oil crops outlook from the U.S. Department of Agriculture. Total global canola/rapeseed production is now forecast by USDA at



Parts of the Trans Canada Highway at Abbotsford, B.C. remain submerged in flood waters on Nov. 19, 2021. (Photo: Reuters/Jennifer Gauthier)

Repair work on B.C. rail lines expected for days yet

CP expects to resume service 'mid-week;' some highways open only for essential travel

Canada’s big two railways expect repair work to continue into at least next week before service can resume through storm-battered areas of British Columbia to export terminals at Vancouver. Both railways, along with several major B.C. highways, have been shut this week due to damage from flooding and landslides spurred by a major multi-day storm