NEWS
Canada Markets
Cliff Jamieson Canadian Grains Analyst
Fri Aug 22, 2014 05:17 PM CDT

Thursday's bullish canola report from Statistics Canada which pegged the 2014 production at 13.9 million metric tonnes, down 4 million metric tonnes from last year and below trade expectations according to a Commodity News Service poll was overshadowed by the weakness in the global vegetable oil trade.

Malaysian crude palm oil had a brutal day Friday and an even worse week. The November contract lost 1.7% in today's trade, shed 4.4% this week and ended the week 28.6% below its recent March high. The continuous chart indicates palm oil trading at its lowest level since July 2009.

Commentary suggests growing ...

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