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

(Dave Bedard photo)

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





(Scott Bauer photo courtesy ARS/USDA)

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,

(Landcorp.co.nz)

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


(Dave Bedard photo)

ICE weekly outlook: Canola establishes range

CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the

(GreenPalm.org)

Palm plantations shaken by the green body they helped create

Kuala Lumpur | Reuters — In 2004, Malaysian palm oil producer IOI Group became a founding member of the Roundtable on Sustainable Palm Oil (RSPO) and later an executive board member in what seemed like a cosy arrangement. Twelve years later, IOI attempted to take legal action against RSPO over an environmental ruling that has