Even though selling activity for canola could be slowing down, according to an analyst, there are too many bearish indicators to predict a boost to prices.
Soybeans
ICE weekly outlook: More room to the downside for canola
Vegetable oil markets also became weaker
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
U.S. grains: Soy futures recover from June low as rains benefit Brazil crops
A two-week high in the U.S. dollar also hung over agricultural markets
Chicago Board of Trade soybean futures ended firmer on Wednesday, as the market recovered after favorable rains in Brazilian crop areas sent the market to its lowest levels since June.
U.S. grains: Soy futures fall to June low on improved Brazilian crop weather
Corn set a contract low in front-month futures; wheat futures declined
U.S. soybean futures slid to their lowest level since June on the first trading day of the year, after rains hit dry areas of Brazil and forecasts called for more showers.
USDA November soy crush estimated at 199.7 million bushels
The U.S. crush topped 200 million bushels in October for the first time ever
The U.S. soybean crush likely eased slightly to 5.991 million short tons in November, or 199.7 million bushels, while soyoil stocks rose, according to analysts surveyed by Reuters ahead of a monthly U.S. Department of Agriculture (USDA) report.
U.S. grains: Corn closes with biggest yearly loss in a decade
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Chicago corn closed on Friday with its biggest yearly drop in a decade while wheat and soybeans also posted steep annual declines after bumper harvests in Brazil and resilient Black Sea trade tempered concerns about weather and war.
U.S. grains: Wheat rebounds with Black Sea risks, short covering by funds
Corn, soybeans fell as traders assessed a rainy forecast in South America
Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.
U.S. grains: Wheat slips after rally, soybeans tick higher
Traders continue to keep a sharp eye on Brazil weather forecast
Chicago wheat declined on Wednesday, erasing most of the gains made the day before when worries that escalating wartime tensions would impact shipping in the Black Sea exporting region sent grains markets higher.
ICE weekly outlook: No reason for strong rally in canola
Canola likely to pull back once trading gets back into full swing in New Year
There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.
CBOT weekly outlook: Late Christmas gift for futures
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
On what would have been a bearish week on the Chicago Board of Trade ending Dec. 27, prices received a sharp boost as trading resumed after Christmas.
Cyber-Savvy Farmer
