Futures

SOYBEAN futures at the Chicago Board of Trade were lower on Monday, retreating from overnight gains. General uncertainty amid the escalating war in Iran led to wide price swings in the futures, as investors calculated what the conflict will mean for the global economy. A rally in crude oil caused soybean prices to hit their […] Read more

The ICE Futures canola market gapped sharply higher in overnight trade, as the escalating Mideast war sent crude oil climbing. However, oil backed off its gains, and canola settled with small losses on Monday. West Texas Intermediate crude oil traded near US$120 per barrel in the April contract amid the escalating Iran war, as traffic […] Read more

WINNIPEG–ICE Futures canola contracts were holding onto gains in the front months at midday Monday, but well off their overnight highs with losses in the more deferred positions. Crude oil shot higher amid the escalating Iran war, as traffic through the Strait of Hormuz remains halted and many Mideast oil exporters cut back production. West […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise on Monday morning, especially the nearby contracts, due to spillover from sharp gains in crude oil prices. Crude was up by more than US$9 per barrel on Monday morning, at around US$100, as the conflict in the Middle East drove up oil prices. […] Read more

SOYBEAN futures at the Chicago Board of Trade were stronger on Friday, as Qatar’s energy minister warned oil production in the Gulf region could come to a halt due to the war. United States Treasury Secretary Scott Bessent told the Wall Street Journal that he expects China to further increase their purchases of U.S. soybeans. […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Friday, as a surge crude oil drove up vegetable oil prices. That generated sharp increases in the Chicago soy complex, MATIF rapeseed and Malaysian palm oil.   The hikes in crude have also pushed up fertilizer prices. An analyst said that could […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were being propelled higher mid-session Friday by a surge in crude oil prices. That’s caused the May canola contract to climb well above resistance at C$720 per tonne. The charge in crude oil was also driving up the Chicago soy complex, MATIF rapeseed […] Read more

     Glacier FarmMedia — ICE canola futures continued their upward climb Friday morning, as the escalating war in the Middle East kept crude oil rising. West Texas Intermediate crude oil gained roughly US$20 per barrel over the past week, or 30 per cent of its value, as the war in Iran spread across the Middle […] Read more

SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as crude oil prices continued to increase significantly with spillover going into the vegetable oils. The United States Department of Agriculture issued its export sales report, showing old crop soybean sales of 383,500 tonnes for the week ended Feb. 26. Those were towards […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures were stronger on Thursday, as hikes in crude oil pulled the vegetable oil markets higher. As the ongoing conflict in the Middle East propelled the surge in crude oil, there were gains in Chicago soybeans and soyoil, plus MATIF rapeseed and Malaysian palm oil. Meanwhile, […] Read more