During the last few months the market has seen a major tightening of worldwide vegetable oil stocks. As proof of the short supply, the ending stocks of vegetable oil has dropped below 19 million tons, according to Barry Coleman, executive director of the Northern Canola Growers Association. This puts the vegetable oil stocks-to-use ratio at 6.5 percent, which is the tightest stocks-to-use ratio of the major oilseeds since 1978.
Top Story
Expanding canola acreage in North Dakota by 2025
Industry leaders hope to see more yellow fields of canola in the future as the plan is to plant a half million more acres of canola by 2025. There is a strong demand for more canola production, since the stocks-to-use ratio in the world vegetable oil markets hasn’t been this low since 1978.
Most Popular
Tractors were rolling – sporadically – in the south-central and western regions of the state in mid-April, planting mostly spring wheat and pu…
VALLEY CITY, N.D. – Dry bean growers looking for contracts for the year may want to consider the new Columbia Grain Pulse Processing Plant in …
Wheat growers are able to have both high yields and top quality in the same sample of wheat, a fact which the National Wheat Yield Contest (NW…
On a snowy spring day, three producers from across the state joined research scientists from NDSU Research Extension Centers (RECs) and the Na…
Disruptions in the Strait of Hormuz could have a “tremendous impact” on fertilizer prices globally and domestically, according to Bryon Parman…
