Daily Network News

More News →

Tag Archives soyoil

ICE January 2021 canola (candlesticks) with 20-day moving average (yellow line) and CBOT January 2021 soyoil (blue line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola stronger at midweek

By
MarketsFarm — ICE Futures canola contracts were stronger on Wednesday, making up losses incurred earlier in the week. The nearby January contract closed Wednesday at $578.90 per tonne, gaining a few dollars after losing $7 in the prior day’s trade. Keith Ferley of RBC Dominion Securities in Winnipeg said canola’s losses were due to chart
CBOT December 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

CBOT weekly outlook: Corn, soy continue rallies

By
MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have appreciated a significant rally over the past weeks. Last week’s world agriculture supply and demand estimates (WASDE) from the U.S. Department of Agriculture (USDA) detailed lower-than-expected ending stocks for soybeans, which were bullish for soybean values. “Beans are on a mission right now,” said
CBOT January 2021 soybeans (candlesticks) with 20-day moving average (green line) and CBOT January 2021 soyoil (yellow line). (Barchart)
Crops, Markets

U.S. grains: Soybeans hit fresh four-year peak on tightening supplies

Soyoil helps lift soybeans amid tight world veg oil supplies; good exports boost corn

By ,
Chicago | Reuters — U.S. soybean futures rose to a new four-year peak Wednesday, led by sharply higher soyoil and as robust demand for beans from exporters and domestic processors fueled worries about tightening supplies of the oilseed. Corn and wheat followed soybeans higher, with strong export demand giving corn an additional lift. Grains remain
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy jumps on China demand, fund-driven buying

CBOT wheat, corn follow soybeans higher

By ,
Chicago | Reuters — U.S. soybean futures surged to two-year highs on Wednesday on continued export demand from top global soy buyer China and fund-driven buying, analysts said. Corn and wheat futures followed soybeans higher, with additional support from a more than four per cent jump in U.S. crude oil prices. Corn and soyoil sometimes
ICE January 2021 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Weather

ICE weekly outlook: Canola steady at midweek

By
MarketsFarm — Canola contracts at ICE Futures showed strength earlier in the week, due to comparable strength in Chicago soyoil. “Bean oil is keeping it firm,” said Ken Ball of P.I. Financial in Winnipeg — but canola was still lagging behind. “It won’t go up as much as United States markets.” Soybean oil started to
(Brazzo/iStock/Getty Images)
Crops, Markets

Canola crush edges up, soybean crush falls

By ,
MarketsFarm — As the amount of canola crushed in Canada increased slightly in June, the soybean crush was down significantly, according to the latest monthly report from Statistics Canada. The federal agency on Thursday released crushing statistics for major oilseeds, which showed 864,559 tonnes of canola crushed in June, up 1.12 per cent from the
When the loonie rises it can quickly wipe out what otherwise would have been market gains.
Grain Markets, Markets

As always, canola follows soyoil, loonie

Right now this well-established relationship is calling many of the shots

By
It’s the same old, same old when it comes to the relationship between the values for canola, soyoil and the Canadian dollar. Soyoil and the dollar are the leaders and canola is the follower. Over the course of last week that relationship was quite evident. After the November canola contract closed on July 10 at $479.50 per tonne, it
ICE November 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola mixed at midweek

By
MarketsFarm — Canola contracts have stayed locked in a pattern for the past few trading sessions, with the July contract posting small gains and new crop year contracts showing losses. That’s mainly due to traders positioning ahead of July’s expiry date. “It’s not uncommon for the July expiry to see some spreads swing around,” said
ICE July canola with 20- and 100-day moving averages and CBOT July 2020 soyoil (blue line). (Barchart)
Crops, Markets

ICE weekly outlook: Canola steady at midweek

Spring seeding more or less underway

By
MarketsFarm — After showing considerable strength in prior trading sessions, canola contracts were either side of unchanged at midweek. David Derwin of P.I. Financial in Winnipeg said canola was holding steady in comparison to other vegetable oils. “There’s general weakness in other markets, but canola hasn’t had too much of a move,” he said. Considerable

AgCanadaTV

AGCanadaTV: In case you missed it; your national ag news recap for Sept. 5, 2025

Sponsored By:
More Videos →

Cyber-Savvy Farmer

Glacier Farmmedia Podcast

Latest Market News

More Market News →