Food Industry
Industry: Email Alert RSS FeedOilseeds Likely To Be First In Over-supply.
Resource News International, April, 2008
Byline: Don Bousquet, Resource News International Ltd
Winnipeg, Apr 02, 2008 (Resource News International via COMTEX) -- RNI Grain and oilseed futures at the ICE Canada futures market closed the week ended Mar 28th higher following a volatile week dominated by economic uncertainties and the Mar 31st USDA planting report. Canola rallied back on the rebound in US soy markets and ideas that canola had dropped too low. However, the market ran into more profit taking at the end of the week which trimmed sizeable gains back. The lack of farmer selling was supportive to the market. Western barley also rallied back on gains in US corn and slow farmer selling. However end user demand was lackluster and barley did not gain as much as US corn. Feed wheat prices rose as...
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