oilseeds Archives - Page 20 of 28 - Manitoba Co-operator

ADM beats profit estimates but revenue disappoints

By GFM Network News, Tom Polansek October 29, 2020

Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent

Crops, Markets

Bunge lifts outlook as quarterly profit nearly doubles

By Arunima Kumar, GFM Network News, Karl Plume October 29, 2020

Reuters — Agricultural commodities trader Bunge Ltd. raised its 2020 outlook after reporting a 91 per cent jump in adjusted third-quarter profit on Wednesday, as strong soy processing margins and robust demand for soy products boosted its core agribusiness segment. Bunge shares rose almost seven per cent to their highest level in more than a

ICE January 2021 canola with Bollinger (20,2) bands and 100-day moving average. (Barchart)

Crops, Markets

ICE weekly outlook: Canola’s top likely in for 2020

By GFM Network News, Phil Franz-Warkentin October 29, 2020

MarketsFarm — The shine has officially come off the ICE Futures canola market, with prices dropping well below their multi-year highs during the last week of October. The most active January contract hit an overnight low of $514 per tonne on Wednesday, but managed to settle at $535.60. That compares with the contract high of

Crops, Markets

Canada’s wheat ending stocks projections raised

By GFM Network News, Phil Franz-Warkentin October 24, 2020

MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout

A freighter is loaded with grain from a terminal at Vancouver’s Burrard Inlet. (Maxvis/iStock/Getty Images)

Crops, Markets

Grain, oilseed exports running ahead of average

By GFM Network News, MarketsFarm Team October 16, 2020

MarketsFarm — Canadian grain and oilseed exports have left the country at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat,and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Sunday came in at 9.57 million tonnes, according to

ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: ‘Demand-pull’ environment supports canola

By GFM Network News, Phil Franz-Warkentin October 7, 2020

MarketsFarm — ICE Futures canola contracts moved higher during the week ended Wednesday, moving back toward the contract highs hit in September. Canola is pushing upside chart limits and modest corrections are likely going forward, but the fundamentals remain supportive and “the trend is up until further notice,” said analyst Mike Jubinville of MarketsFarm Pro.

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)

Crops, Markets

USDA data show tighter U.S. grain, oilseed stocks

By GFM Network News, MarketsFarm Team September 30, 2020

MarketsFarm — Quarterly stocks data from the U.S. Department of Agriculture showed tighter-than-expected supplies of soybeans, corn, and wheat in the country. Soybean stocks, as of Sept. 1, 2020, were pegged at 523 million bushels, which was down by 42 per cent from the previous year and below average trade estimates. Corn stocks were below

Crops, Markets

Canola crush down, soy crush up, StatsCan reports

By GFM Network News, MarketsFarm Team August 26, 2020

MarketsFarm — The amount of canola crushed in July was down compared to June’s crush, while there was an increase in the amount of soybeans crushed, according to Statistics Canada. The federal agency issued its crushing statistics of major oilseeds report on Tuesday. According to the report, 806,868 tonnes of canola were processed in July,

Canola crops in some spots on the Prairies are currently about a month away from swathing.

Grain Markets, Markets

Despite bearish pressures, canola remains rangebound

Storms in some areas have built a weather premium into crop values

By Marlo Glass July 30, 2020

Canola on the ICE Futures exchange remained locked in a range during the week ended July 23. Canola prices started the week at $485.30 per tonne and were on either side of steady throughout the week. The November contract closed July 23 at $485.40 per tonne. By all accounts, canola prices held up to considerable

A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)

Markets

ICE weekly outlook: Canola scale-up selling to temper gains

By GFM Network News, Phil Franz-Warkentin July 30, 2020

MarketsFarm – ICE Futures canola contracts climbed above chart resistance to hit their highest levels in six-months on July 29. While there is more room to the upside, farmer selling could temper additional gains. Fund traders adding to long positions together with solid export demand, especially from Europe, accounted for much of the recent strength

Daily Network News

U.S. grains: Soybeans continue gains on Trump’s China comments

U.S. livestock: Cattle futures end week higher on tight supply

Pea, lentil outlooks have some positive signals – Penner

Tag Archives oilseeds

ADM beats profit estimates but revenue disappoints

Bunge lifts outlook as quarterly profit nearly doubles

ICE weekly outlook: Canola’s top likely in for 2020

Canada’s wheat ending stocks projections raised

Grain, oilseed exports running ahead of average

ICE weekly outlook: ‘Demand-pull’ environment supports canola

USDA data show tighter U.S. grain, oilseed stocks

Canola crush down, soy crush up, StatsCan reports

Despite bearish pressures, canola remains rangebound

ICE weekly outlook: Canola scale-up selling to temper gains

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