Oilseeds Archives - Page 13 of 25

ICE Futures July 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and green lines) and November 2022 canola (black line). (Barchart)

ICE weekly outlook: Canola seen as teetering, likely to tumble

'A lot of emotion and tension' in market

By GFM Network News April 13, 2022

MarketsFarm — ICE Futures canola values sit high atop a precipice, tittering toward a steep drop. One recourse for canola is to bank on prices for soyoil and soymeal on the Chicago Board of Trade (CBOT) to rise sharply in the near future — or take that step off its perch to what would be […] Read more

ICE May 2022 canola (candlesticks, right column) with 20-, 50- and 100-day moving averages (yellow, green and black lines) and NYMEX May 2022 WTI crude oil (grey line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

By Phil Franz-Warkentin, GFM Network News March 23, 2022

MarketsFarm — ICE Futures canola contracts climbed to their highest levels ever during the week ended Wednesday before running into some profit-taking resistance. Its general uptrend remains intact for the time being, but a downturn is also inevitable. The nearby May canola contract hit a session high of $1,177.80 per tonne on Wednesday, before backing […] Read more

ICE July 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola lower, but expected to climb

By GFM Network News March 16, 2022

MarketsFarm — Although canola prices closed lower on Wednesday, the Canadian oilseed is seen as still likely to grind higher in the coming weeks. “The charts and the patterns that have developed, and are still in place for canola, have been kind of the same for the past few months. The longer-term trends are still […] Read more

ICE May 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola’s contract highs still underpriced

By Phil Franz-Warkentin, GFM Network News March 10, 2022

MarketsFarm — The ICE Futures canola market posted solid gains during the week ended Wednesday, hitting fresh contract highs in many months. The most active May contract hit a session high of $1,143.70 per tonne on Wednesday, but settled off that mark at $1,125.20 per tonne. While canola may be trading in uncharted territory, there […] Read more

ICE May 2022 canola (candlesticks) with 20- and 50-day moving averages (yellow and dark green lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola finding plenty of support

By Phil Franz-Warkentin, GFM Network News February 24, 2022

MarketsFarm — ICE canola futures climbed to fresh contract highs during the week ended Wednesday, as activity in outside markets and canola’s own tight supply situation provided support. “Outside forces help it, but there are also things unique to the canola market that are supportive,” said David Derwin, commodities investment advisor with PI Financial in […] Read more

Crops, Markets

Adjustments minor in latest AAFC crop balance sheets

By Phil Franz-Warkentin, GFM Network News February 19, 2022

MarketsFarm — Only minor adjustments to the old- and new-crop balance sheets were reported by Agriculture and Agri-Food Canada in their February supply/demand report, released Friday. New-crop production estimates were left unchanged for all of the major grains, oilseeds and pulses, with a return to average yields across the Prairies expected to lead to increased […] Read more

ICE March 2022 canola (candlesticks, right column) with November 2022 canola (yellow line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Rangebound canola market consolidating

By Phil Franz-Warkentin, GFM Network News February 17, 2022

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday before uncovering some support, as the commodity remained stuck in a range after trending higher for most of the past year. “Canola is caught in a rangebound, consolidation phase,” said MarketsFarm Pro analyst Mike Jubinville. The relative stability in canola, he said, […] Read more

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: No independent strength left in canola

By GFM Network News February 9, 2022

MarketsFarm — At a little more than halfway through the 2021-22 marketing year for canola, a trader asserted the Canadian oilseed now lacks the ability to move independently. Rather, it will follow the ups and downs in oil and meal markets. “[Canola] did its thing months ago,” trader Ken Ball of PI Financial in Winnipeg […] Read more

Crops, Markets, Reuters

Corteva CEO bullish on grain, oilseed prices for 2022

By GFM Network News February 4, 2022

Reuters — Corteva expects prices for grains and oilseeds to remain high this year on record demand levels, its CEO said Thursday, following the insecticide and seed company’s upbeat sales outlook a day earlier. Global agriculture demand and prices for crops picked up pace in the fourth quarter of 2021, thanks to economies reopening and […] Read more

CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soybeans reach seven-month peak

Oil strength, South American crop worries lift soy; CBOT corn up, wheat down

By GFM Network News January 27, 2022

Chicago | Reuters — U.S. soybean futures hit their highest in seven months on Wednesday on technical buying and as soyoil futures rallied with energy markets and historically high palm oil prices. Concerns about a reduced South American harvest and exports from top soy supplier Brazil offered further support, with strength spilling over into corn […] Read more

GFM Network News

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Tag Archives Oilseeds

ICE weekly outlook: Canola seen as teetering, likely to tumble

ICE weekly outlook: Strong canola market to ‘see both sides of rainbow’

ICE weekly outlook: Canola lower, but expected to climb

ICE weekly outlook: Canola’s contract highs still underpriced

ICE weekly outlook: Canola finding plenty of support

Adjustments minor in latest AAFC crop balance sheets

ICE weekly outlook: Rangebound canola market consolidating

ICE weekly outlook: No independent strength left in canola

Corteva CEO bullish on grain, oilseed prices for 2022

U.S. grains: Soybeans reach seven-month peak

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