soyoil Archives - Page 4 of 12

CBOT March 2023 soybean oil (candlesticks, right column) with Bollinger bands (20,2) and CBOT March 2023 soybean meal (black line, left column). (Barchart)

CBOT weekly outlook: Commodities largely rangebound after USDA report

By GFM Network News January 26, 2023

MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner of Allendale Inc. in McHenry, Ill. “We’re actually at prices where it was in early August,” Ettner said, pointing to something of a back-and-forth shifting […] Read more

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)

Corn, Crops, Markets, Reuters, Soybeans, Weather

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

By Reuters, GFM Network News January 12, 2023

Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn harvest estimate to around 45 […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy futures find support, but upside limited

Corn activity mainly bearish

By Phil Franz-Warkentin, GFM Network News December 8, 2022

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more

ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

By GFM Network News December 1, 2022

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for eight straight sessions before going […] Read more

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By GFM Network News August 17, 2022

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more

ICE November 2022 canola (candlesticks, right column) with 20-day moving average (yellow line, right column), Euronext November 2022 rapeseed (black line, right column) and CBOT October 2022 soyoil (green line, left column). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola selloff shows signs of slowing

By Phil Franz-Warkentin, GFM Network News July 7, 2022

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of running out of steam. The most-active November contract dipped below the $800 per tonne level on Tuesday and Wednesday — but ended above that psychological […] Read more

Crops, Markets

CBOT weekly outlook: Fears over soy scarcity now gone

By GFM Network News June 22, 2022

MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful […] Read more

CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

By Julie Ingwersen, GFM Network News April 22, 2022

Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell on profit-taking ahead of the weekend. Wheat futures ended modestly lower after a choppy session as brokers weighed tightening global grain stocks against sluggish export […] Read more

File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)

Crops, Markets, Reuters

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

By GFM Network News April 22, 2022

Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from […] Read more

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

Canola, Crops, Markets

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

Daily Network News

U.S. to seek more foreign tariff cuts, CUSMA improvements in 2026

Iran conflict drives up urea prices

Speculative net long position grows in canola

Tag Archives soyoil

CBOT weekly outlook: Commodities largely rangebound after USDA report

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

CBOT weekly outlook: Soy futures find support, but upside limited

ICE weekly outlook: Canola still rangebound but upside possible

ICE weekly outlook: Canola could take a nosedive

ICE weekly outlook: Canola selloff shows signs of slowing

CBOT weekly outlook: Fears over soy scarcity now gone

U.S. grains: Soyoil surges on Indonesia export ban

Indonesia bans palm oil exports as global food inflation spikes

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

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