Select News by Country

View All News

Africa

View All Africa News

Algeria

Angola

Benin

Botswana

Cameroon

Congo

Egypt

Eritrea

Ethiopia

Gambia

Ghana

Ivory Coast

Kenya

Liberia

Libya

Madagascar

Malawi

Mali

Mauritius

Morocco

Mozambique

Namibia

Nigeria

Republic of Congo

Rwanda

Senegal

SierraLeone

South Africa

Sudan

Swaziland

Tanzania

Tunisia

Uganda

Zambia

Zimbabwe

Asia

View All Asia News

Armenia

Azerbaijan

Bangladesh

Bhutan

Cambodia

China

Hong Kong

India

Indonesia

Japan

Kazakhstan

Korea

Laos

Malaysia

Mongolia

Myanmar

Nepal

North Korea

Pakistan

Papau New Guinea

Philippines

Russia

Singapore

Sri Lanka

Taiwan

Thailand

Turkmenistan

Vietnam

Australia and Oceania

View All Australia and Oceania News

Australia

Brunei

Fiji

Guam

New Zealand

Vanutau

Europe

View All Europe News

Austria

Belarus

Belgium

Bosnia

Bulgaria

Croatia

Cyprus

Czech Republic

Denmark

Estonia

European Union

Finland

France

Germany

Greece

Hungary

Iceland

Ireland

Isle of Man

Italy

Latvia

Lithuania

luxembourg

Malta

Moldovia

Netherlands

Northern Ireland

Norway

Poland

Portugal

Romania

Scotland

Serbia

Slovakia

Slovenia

Spain

Sweden

Switzerland

Ukraine

United Kingdom

United Nations

Wales

Middle East

View All Middle East News

Afghanistan

Bahrain

Iran

Iraq

Israel

Jordon

Kuwait

Kyrgyzstan

Lebanon

Oman

Palestine

Qatar

Saudi Arabia

Syria

Turkey

United Arab Emirates

Uzbekistan

Yemen

North America

View All North America News

Canada

Greenland

USA

South America

View All South America News

Argentina

Bahamas

Barbados

Belize

Bolivia

Brazil

Chile

Colombia

Costa Rica

Cuba

Dominican Republic

Ecuador

El Salvador

Grenada

Guatemala

Guyana

Haiti

Honduras

Jamaica

Mexico

Nicaragua

Panama

Paraguay

Peru

Trinidad

Uruguay

Venezuela

Major Clients

Friday 12 October 2012 Canada

Less canola planted

Decline in Canada’s canola crop impacts on oilseed markets

Chicago soybean futures edged higher on Friday, building on the last two sessions of gains with support from a revival in US exports and a surprise decline in estimates for Canada's canola crop.

Canola estimates are down 2 million tons in the Canadian prairies

Corn edged higher, in line with the trend in soybeans, but the market is on track to finish the week nearly flat as the record pace of the US harvest kept a lid on prices.

A weekly report from the US Department of Agriculture showed export sales of soybeans last week at 1.3 million tons, the most in three months and above trade estimates for between 800,000 and 900,000 tons.

The data showed that China, the world's top importer of soybeans and the No. 1 US market, bought the bulk of last week's exports, booking 1.03 million tons.

Statistics Canada said the canola harvest was much smaller than farmers expected and well below last year's production, which could shift some of the demand for the oilseed to US soybeans.

Canola production will be 13.36 million tons in 2012/13, down 2 million tons from the government agency's Aug. 22 estimate of 15.4 million tons and below last year's harvest of 14.5 million tons.

Chicago Board of Trade November soy rose 0.3% to $15.56 a bushel.

December corn gained three quarters of a cent to $7.57-3/4 a bushel, while December wheat added 0.3 percent to $8.71-3/4 a bushel.

Source: drovers.com

Back to News Headlines