Tidbits, Canola, Oil & Gas, South America Crops, Export Sales 4/18/25
- Wright team
- Apr 18
- 4 min read
Tidbits
The markets are closed today for Good Friday. They will reopen normal times on Sunday.
Why have soybean futures been surprisingly firm this month?
Canola futures rose above CA$680 per mt yesterday, up $120 since 17 March, as tightening supplies compounded with robust global demand for vegetable oils spurred the rally. China’s 100% tariffs on Canadian canola meal and oil makes canola seed exports to the U.S. very important for Canadian farmers. The U.S. is Canada’s top canola buyer and exports to the EU have expanded, where a domestic rapeseed deficit has created new demand for canola.
Bayer warns it may halt glyphosate production amid thousands of civil lawsuits and $10 billion in compensation payouts.
The White House reported progress was made on trade negotiations Wednesday with Japan, although no final deal was completed. The White House said India, Italy, South Korea and the UK are in the midst of talks with the U.S.
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