ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing











ADM profit up on strong biofuel demand and ethanol margins

Reuters – Global grain trader Archer-Daniels-Midland Co. reported a jump of nearly 14 per cent in fourth-quarter earnings as rising biofuel demand and strong ethanol margins helped to boost operating profit at its carbohydrate solutions division. High energy and grain costs, however, clipped earnings at the corn-processing unit, as well as its core ag services

(File photo by Lisa Guenther)

Corteva CEO bullish on grain, oilseed prices for 2022

Reuters — Corteva expects prices for grains and oilseeds to remain high this year on record demand levels, its CEO said Thursday, following the insecticide and seed company’s upbeat sales outlook a day earlier. Global agriculture demand and prices for crops picked up pace in the fourth quarter of 2021, thanks to economies reopening and