soyoil Archives - Page 4 of 12 - Manitoba Co-operator

ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow line). (Barchart)

ICE weekly outlook: Unclear where canola wants to go

Soy complex's trend much more apparent

By Adam Peleshaty, GFM Network News May 17, 2023

MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures advisor David Derwin of PI Financial in Winnipeg. The July canola contract dropped $20.60 per tonne during the week to close at $714.10 on Wednesday,

ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

By Adam Peleshaty, GFM Network News February 8, 2023

MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen

CBOT March 2023 soybean oil (candlesticks, right column) with Bollinger bands (20,2) and CBOT March 2023 soybean meal (black line, left column). (Barchart)

Crops, Markets

CBOT weekly outlook: Commodities largely rangebound after USDA report

By GFM Network News, Glen Hallick - MarketsFarm January 26, 2023

MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner of Allendale Inc. in McHenry, Ill. “We’re actually at prices where it was in early August,” Ettner said, pointing to something of a back-and-forth shifting

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

Crops, Markets, Weather

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

By GFM Network News, Reuters January 12, 2023

Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45

Crops, Markets

CBOT weekly outlook: Soy futures find support, but upside limited

Corn activity mainly bearish

By GFM Network News, Phil Franz-Warkentin December 8, 2022

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have

ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

By Adam Peleshaty, GFM Network News December 1, 2022

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By GFM Network News, Glen Hallick - MarketsFarm August 17, 2022

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time

ICE November 2022 canola (candlesticks, right column) with 20-day moving average (yellow line, right column), Euronext November 2022 rapeseed (black line, right column) and CBOT October 2022 soyoil (green line, left column). (Barchart)

Crops, Markets

ICE weekly outlook: Canola selloff shows signs of slowing

By GFM Network News, Phil Franz-Warkentin July 7, 2022

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of running out of steam. The most-active November contract dipped below the $800 per tonne level on Tuesday and Wednesday — but ended above that psychological

Crops, Markets

CBOT weekly outlook: Fears over soy scarcity now gone

By GFM Network News, Glen Hallick - MarketsFarm June 22, 2022

MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful

CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)

Crops, Markets

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

By GFM Network News, Julie Ingwersen April 22, 2022

Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend. Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export

Daily Network News

Women who fed a nation

U.S. grains: Soybeans rise on China demand hopes; corn and wheat rebound

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Tag Archives soyoil

ICE weekly outlook: Unclear where canola wants to go

ICE weekly outlook: March canola unchanged from last week

CBOT weekly outlook: Commodities largely rangebound after USDA report

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

CBOT weekly outlook: Soy futures find support, but upside limited

ICE weekly outlook: Canola still rangebound but upside possible

ICE weekly outlook: Canola could take a nosedive

ICE weekly outlook: Canola selloff shows signs of slowing

CBOT weekly outlook: Fears over soy scarcity now gone

U.S. grains: Soyoil surges on Indonesia export ban

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