The bullish strength of oilseed markets recently is tied to the efforts of biofuel supporters on both sides of the border seeking to grow the industry and the expectation that government policy will be favorable for agricultural feedstocks. Soybean oil has been on a tremendous run in the past month, and canola prices have followed along. Since Jan. 1, canola futures have risen 13 percent. Local cash prices of canola have also risen approximately 16 percent since Jan. 1, reflecting a stronger basis.
Featured
Biofuel expectations building in oilseed sector
Most Popular
Lower production estimates, rain delays for this year’s harvest, and geopolitical issues have all helped corn prices reach the highest they’ve…
The canola market has gained ground recently in the futures market, with nearby basis levels weakening and deferred levels remaining steady. A…
For the past few months, unlike other grain commodities that have seen prices fluctuate up or down depending in part on what’s happening in ot…
Whereas yield projections for this year’s U.S. corn crop differed from USDA and private analysts, which gave a boost to corn prices, projectio…
All commodity markets under the watch of the U.S. Department of Agriculture (USDA), including the sunflower market, were waiting for new data …
