(Photo courtesy Canola Council of Canada)

Huge weekly canola deliveries In latest CGC report

Winnipeg/Commodity News Service Canada – ‘A lack of significant farmer selling’ has been a common talking point from analysts whenever they’ve had to account for some unexplained strength in the canola market in recent weeks. However, that line may need to be retired, as the official data tells a different story. According to Canadian Grain […] Read more

Canola testing chart support

CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators and the weakest level for […] Read more


Scorching heat delays India’s rapeseed sowing

Mumbai / Reuters – Above-normal temperatures have delayed rapeseed sowing in India’s top producing region by more than a fortnight and restricted acreage expansion, even though prices are trading near record highs, industry officials said. The delays are helping support rapeseed prices and could force the world’s biggest edible oil importer to increase overseas purchases of […] Read more



(ADM.com)

ADM increases stake in Wilmar

Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola can’t crack resistance

CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more





Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)

Weekly canola crush hits new record

CNS Canada –– Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Wednesday, which is more than 10,000 tonnes above […] Read more

(Dave Bedard photo)

Monsanto slashing 2,600 jobs, buying back shares as sales fall

Reuters — Monsanto, one of the world’s largest seed and agrichemical companies, said Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market. The company, which said it expected low prices for agricultural products to squeeze results well into 2016, also reported a much wider quarterly loss […] Read more