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Heavy rains and river overflow led to this flooding on Jan. 2 in the Aceh province of Indonesia, the world’s largest palm oil-producing nation.
Grain Markets, Markets

Oilseed price trends remain on upslope

Canola’s highs may be in, at least for the time being

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The ICE Futures canola market has seen some wide price swings to start the new year, hitting contract highs then falling $80 per tonne off of those highs in the front month before eventually rebounding to be right back around where they started the year (as of Jan. 20). Such large swings are to be
News

Indonesia recruits farmers, teachers to battle anti-palm oil sentiment

Even local residents are turning their backs on this major economic engine

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Reuters – Indonesia’s giant palm oil industry, long a target of global green groups, is shoring up its defences closer to home as it tries to counter growing anti-palm oil sentiment among a more environmentally conscious generation of young Indonesians. Indonesia, the world’s top palm oil producer, is training farmers and teachers and running social media campaigns to
ICE January 2022 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola still rangebound

Selling pressure seen from U.S. soy

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MarketsFarm — ICE Futures canola contracts held rangebound during the week ended Wednesday, climbing to their strongest levels in two months at one point before running into resistance and retreating to trade well off those highs. “We’re still stuck in a trading range,” said Keith Ferley of RBC Dominion Securities in Winnipeg. Activity in outside
ICE November 2021 canola (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola remains rangebound

Trade predicts even smaller production

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MarketsFarm — At least for the foreseeable future, ICE Futures canola is likely to remain rangebound, according to analyst David Derwin of PI Financial in Winnipeg. The November canola contract has support at $850 per tonne and when it bumps up to around $900 it’s quickly pulled back, he said. “Sideways is not very exciting,
dairy cows feeding
Farmit Manitoba

The lessons of ‘Buttergate’

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A Canadian had a front-row seat for both Buttergate and New Zealand controversies Social media conversations about food can go from benign to trending in a matter of hours or days. That became painfully obvious to Canadian dairy farmers during the so-called “Buttergate” controversy earlier this year. The same thing happened five years ago to
CBOT December 2021 corn (candlesticks) with CBOT September 2021 wheat and corn (green and yellow lines). (Barchart)
Crops, Markets

U.S. grains: Corn up on supply worries

Soy futures follow veg oils higher

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Chicago | Reuters — U.S. corn futures rose on Tuesday on concerns about tightening grain supplies while soybean futures advanced on strong global vegetable oil markets, analysts said. Wheat futures turned lower on profit-taking after rallying on supply concerns a day earlier. Chicago Board of Trade September corn futures settled up six cents at $5.51-1/4
CBOT July 2021 soybeans (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and CME July 2021 crude palm oil (purple line). (Barchart)
Crops, Markets, Weather

U.S. grains: Soybean futures fall, corn firm ahead of USDA report

CBOT, MGEX July wheats down; K.C. wheat up

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Chicago | Reuters — U.S. soybean futures dropped 1.2 per cent on Wednesday, pressured by a round of profit-taking and weakness in the cash market, traders said. Wheat futures also were mostly lower after rain in the northern U.S. Plains eased some concerns about parched soils limiting the size of the crop. Corn futures were
A corn crop west of Grunthal, Man. on Aug. 17, 2019. (Dave Bedard photo)
Crops, Markets

U.S. grains: Corn highest since 2013

Soy tops US$15, wheat over US$7 on supply fears

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Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above $7 a bushel and soybeans

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