Markets

SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, as Qatar’s energy minister warned oil production in the Gulf region could come to a halt due to the war. United States Treasury Secretary Scott Bessent told the Wall Street Journal that he expects China to further increase their purchases of U.S. soybeans.

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Friday, as a surge crude oil drove up vegetable oil prices. That generated sharp increases in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil.   The hikes in crude have also pushed up fertilizer prices. An analyst said that could

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were being propelled higher mid-session Friday by a surge in crude oil prices. That’s caused the May canola contract to climb well above resistance at C$720 per tonne. The charge in crude oil was also driving up the Chicago soy complex, MATIF rapeseed

     Glacier FarmMedia — ICE canola futures continued their upward climb Friday morning, as the escalating war in the Middle East kept crude oil rising. West Texas Intermediate crude oil gained roughly US$20 per barrel over the past week, or 30 per cent of its value, as the war in Iran spread across the Middle

SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as crude oil prices continued to increase significantly with spillover going into the vegetable oils. The United States Department of Agriculture issued its export sales report, showing old crop soybean sales of 383,500 tonnes for the week ended Feb. 26. Those were towards