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 ...

Quick View
Related News Stories
CWB Hikes Canola, Durum PRO Outlook
Sask. Crop Report
Prairies Issue Fire Bans
Manitoba Crop Report
Sask., Alta. Crop Reports
The Market's Fine Print
Manitoba Crop Report
Under the Agridome
Alberta Crop Report
Canada Targets Emissions