Futures

SOYBEAN futures at the Chicago Board of Trade were lower on Monday, due a stronger United States dollar. However, sharp gains in crude oil drove up soyoil. Back and forth strikes by the U.S. and Israel versus Iran pushed up those crude oil prices. The U.S. Department of Agriculture reported export inspections of soybeans for […] Read more

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Monday, largely due to ongoing military strikes traded by the United States and Israel versus Iran pushing up crude oil prices. Also, Tuesday marked the first trading day for reduced Chinese tariffs on their imports of Canadian canola seed and meal. However, […] Read more

By Glen Hallick Glacier FarmMedia – There continued to be strong increases in canola futures on the Intercontinental Exchange late Monday morning, in what an analyst called a “canola double whammy.” Crude oil was sharply higher as the United States and Israel traded blows with Iran. The analyst warned the turmoil in the region will […] Read more

     Glacier FarmMedia — ICE canola futures were stronger Monday morning, hitting fresh six-month highs as rallies in outside markets provided spillover support. The escalating conflict in the Middle East after the United States and Israel attacked Iran over the weekend, and Iran retaliated against allied nations, sparked sharp gains in crude oil. Vegetable oil […] Read more

Glacier FarmMedia – Friday was first notice day for March futures contracts on the Chicago Board of Trade. WHEAT prices rose by at least 15 United States cents per bushel on Friday, with the Chicago soft and Minneapolis spring varieties achieving multi-month highs. Warm temperatures and high winds in the U.S. Plains and Midwest regions […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory on Friday despite rising comparable oils. Chicago soyoil was up slightly with an analyst saying any time it is between 60 to 65 United States cents per pound was “a bonus.” European rapeseed was mostly higher and Malaysian palm oil was up […] Read more

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were negative in the middle of Friday trading with the Chicago soy complex pulling back. Although Chicago soyoil was down slightly, an analyst said any time its value is between 60 to 65 U.S. cents per pound is “a bonus.” European rapeseed was mixed and Malaysian […] Read more

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned around to pull back on Friday morning, after posting gains in the overnight session. China announced it’s suspending its 100 per cent tariff on imports of Canadian agricultural products effective March 1. This is part of a trade deal Canada struck with […] Read more

Glacier FarmMedia – SOYBEANS turned lower on Thursday after a week of lighter export sales for the United States crop. Lunar New Year celebrations reduced exports to China. The U.S. Department of Agriculture reported soybean export sales at 407,100 tonnes for the week ended Feb. 19, at the lower end of trade expectations, down 49 […] Read more

Glacier FarmMedia – Despite up-and-down trade throughout the day, canola futures on the Intercontinental Exchange closed higher on Thursday after receiving support from comparable oils. Chicago soyoil and European rapeseed were up, while Malaysian palm oil was down. However, Chicago soybeans and soymeal were in the red. Crude oil made gains amidst tensions between the […] Read more