Insights and Stories on Canola

Jun. 14, 2023 at 2:26 pm CDT

Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, although it may face competition hurdles. Under the deal to create an agricultural giant worth about $34 billion including debt, […]

By Karl Plume, Rod Nickel

Jun. 13, 2023 at 7:54 pm CDT

A laboratory review of the end-use quality of sprouted wheat will lead to changes in how wheat is graded starting Aug. 1 this year. The Canadian Grain Commission on Tuesday announced changes in store effective Aug. 1 for how Canadian wheat is graded, along with a list of clarifications and […]

By Dave Bedard

Jun. 12, 2023 at 9:12 pm CDT

MarketsFarm — The speculative short position in canola grew to is largest level in nearly three months in early June, as investors covered longs and put on more bearish bets, according to the latest Commitments of Traders report from the U.S. Commodity Futures Trading Commission (CFTC). As of Tuesday (June […]

By Phil Franz-Warkentin

Jun. 9, 2023 at 5:53 pm CDT

MarketsFarm — Very few major changes were made in the latest edition of the world agriculture supply and demand estimates (WASDE) published Friday by the U.S. Department of Agriculture. For the 2023-24 crop year, USDA pegged total domestic wheat production at 1.665 billion bushels, slightly higher than the 1.659 billion […]

By MarketsFarm

Jun. 7, 2023 at 5:48 pm CDT

MarketsFarm — After being in a steady decline over the past month, the ICE Futures canola market was on the rise for the week ended Wednesday. The July canola contract closed Wednesday at $670.30 per tonne, an increase of $20.70 from the week before. Meanwhile, the November canola contract rose […]

By Adam Peleshaty