GFM Network News



Canola gains on veg oils’ strength

Pressure comes from the loonie’s recent improvement against the U.S. dollar

Canola prices climbed higher during the week ended June 5, despite strength in the Canadian dollar that would typically have a bearish effect on prices. Nearby canola contracts started the week at $457.10 per tonne and posted losses on Monday before rallying on Tuesday. By June 4, nearby contracts closed at $463.60 per tonne. The Canadian dollar was over 74




U.S. grains: Soybean futures set two-week high

Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the



Study skewers palm oil tactics

The World Health Organization has likened palm oil lobbying to the tobacco and alcohol industries

Reuters – The palm oil industry is deploying tactics similar to those of the alcohol and tobacco industries to influence research into the health effects of its product, a study published by the World Health Organization said Jan. 8. Evidence of the health impact of palm oil is mixed, with some studies linking consumption to

Crude oil and canola part company, for now

CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola.


U.S. grains: Corn, soy up on short-covering

Chicago | Reuters — U.S. soybean futures edged higher on Friday for the first time in seven sessions in a short-covering bounce, but remained near three-month lows as forecast rain in Argentina eased concern about a potential supply risk. Corn was slightly higher on short-covering ahead of the Christmas holiday weekend, while wheat slipped as

U.S. grains: Soybeans at three-month low

Chicago | Reuters — U.S. soybean futures fell to a three-month low on Thursday, the sixth straight session of declines, on pressure from easing vegetable oil prices and improving crop weather in South America. Wheat and corn futures both were the highest in more than a week, with prices notching narrow gains on better-than-expected U.S.