European wheat production forecast at 12-year low. Corn, barley, oilseeds also down on year.
Tag Archives oilseeds
EU cuts wheat crop estimate to 12-year low
Oilseed crush, grain deliveries up year-by-year
The amounts of Canadian oilseeds crushed, as well as those for grains delivered, saw slight increases compared to the year before, according to Statistics Canada (StatCan). Domestic producers crushed 861,671 tonnes of oilseeds last June, more than the 821,292 crushed in June 2023. The June canola crush was reported to be 776,354 tonnes, with 334,909
Canola sector predicts biofuel boom
Renewable fuels could give canola demand ‘unprecedented’ growth
The biofuels industry could drive canola demand into uncharted territory in the coming decade, says one industry expert. “The capacity of crush could grow from 11.3 million metric tonnes today to 18 million metric tonnes in three or four years,” said Chris Vervaet, executive director of the Canadian Oilseed Processors Association. Why it matters: The
ICE Canada weekly outlook: Canola continues to be bearish
Keep close eye on upcoming stocks as of Dec. 31 Stat Can report, says analyst
Despite farmer selling there remained little doubt that the canola market was bearish during the week ended Jan. 31, according to analyst Jerry Klassen of Resilient Commodity Analysis in Winnipeg.
Record large short position grows in canola
CBOT net short position on soybeans more than doubled
The record large net short position in ICE Futures canola continued to rise in mid-January, as fund traders put on more bearish bets and liquidated long positions, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Camelina boosters see bright future ahead
Largest firm in sector sees potential for quick acreage growth over next decade
Glacier FarmMedia – Camelina is poised for takeoff as the renewable diesel and sustainable aviation fuel industries ramp up, says a promoter of the crop. Mike Karst, senior vice-president of Global Clean Energy and president of its subsidiary, Sustainable Oils, has been promoting the oilseed since 2007. There have been many momentum ebbs and flows
Canola market sees wide range of trade
The U.S. Thanksgiving break moved participants to the sidelines and lowered volume
The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.
Grain prices still hang on exports
Expert's Radar: Our wheat export pace is up despite smaller production
Canada is a country whose main exports are hockey players and cold fronts,” according to a quote attributed to former Prime Minister Pierre Elliot Trudeau who jokingly added “our main imports are baseball players and acid rain.” Looking at the current Winnipeg Jets lineup at least, it’s safe to say the trade balance on hockey
Biofuels drive canola demand
Canola Council of Canada aims for yield research to meet demand
The Canola Council of Canada is seeking ways to increase yields to meet the rising demand for biofuels. “Biofuels seem to be taking the front-and-centre space for the oilseed sector, at least in Western Canada,” said Curtis Rempel, vice-president of crop production and innovation. Why it matters: The canola industry represents 207,000 jobs, $12 billion in wages and nearly
ICE weekly outlook: Falling canola market seeks support
Canola seen as 'fairly cheap' but not attracting interest
MarketsFarm — The ICE Futures canola market continued its months-long downtrend as the calendar flipped over to November, with the futures looking for an outside catalyst to spark a corrective bounce. While canola has seen occasional attempts at correcting higher over the past two months, any gains proved short-lived. “The oilseeds are very swingy and
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