GFM Network News

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.

Partially hydrogenated oils on the way out

The federal government has served a year’s notice on partially hydrogenated oils (PHOs) as ingredients in foods sold in Canada. Health Minister Ginette Petitpas Taylor announced Friday that PHOs will be added to Canada’s List of Contaminants and Other Adulterating Substances effective Sept. 15, 2018, giving Canadian food processors and importers “enough time to find

Get ready to sell new-crop canola soon, Thomas Mielke of Oil World, told farmers at Ag Days in Brandon Jan. 17.

Consider selling new-crop canola soon — more than usual

Thomas Mielke of Oil World warns a jump in palm oil production will push world canola prices down later 
and canola prices could decline by early this spring in anticipation

Canadian canola growers should consider selling new-crop canola soon and perhaps more than they would normally this early, says Thomas Mielke, executive director of Oil World, a German-based publication covering world vegetable oil and meal markets since 1958. “We all know these high prices (of around $500 a tonne on the Winnipeg futures market) cannot

Canola acres seen rising on high prices

Brandon | Reuters — Canadian canola plantings may rise slightly in spring as farmers seek to cash in before an expected drop in vegetable oil prices as palm crops recover from drought that hit major Southeast Asian producers, German oilseed analysis firm Oil World said Tuesday. Plantings will rise by less than 10 per cent

ICE weekly outlook: Canola faces supply questions

CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, as persistent weather problems in Western Canada and gains in world vegetable oil markets provided support. “The most important variable for the canola market is trends in the global vegetable oil markets,” said Mike Jubinville of ProFarmer Canada, noting tight

U.S. grains: Soybeans rise on technical buying

Reuters — U.S. soybeans rose on Monday for a third straight session, boosted by strength in vegetable oil markets and technical buying. Corn turned higher on chart-based buying and Chicago wheat finished mixed, held in check by an ongoing disruption in Egyptian wheat imports. Chicago November soybean futures climbed 6-1/2 cents, or 0.8 per cent,

New Zealand farm firm bans use of palm in feed

Wellington | Reuters — New Zealand farm company Landcorp said Monday it would ban its farmers from using palm kernel expeller (PKE), a feed supplement used for cows that environmentalists have linked to rainforest destruction. The state-owned company, which runs 140 farms, said it would end the use of the feed by June 2017 to