soyoil Archives - Page 9 of 12

ICE March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola could break out of range

By GFM Network News January 2, 2020

MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more

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

Crops, Markets

Palm oil 101: Sought-after crop holds sway over oilseed trade

By GFM Network News December 31, 2019

MarketsFarm — Palm oil may be grown halfway around the world in conditions much different than on the Canadian Prairies, but the outsized influence of the crop on world oilseed markets makes it an important factor to watch when considering canola prices. Indonesia and Malaysia are the world’s largest producers of the crop, with futures […] Read more

CBOT January 2020 soybeans with 20-day moving average (green line) and January 2020 soyoil (blue line). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy, corn, wheat rise for fourth straight day

By GFM Network News December 17, 2019

Chicago | Reuters — U.S. soybean futures rose for the fourth session in a row on Tuesday, hitting their highest level since Nov. 8, following the soyoil market’s rally to its highest in nearly two years, traders said. Corn and wheat futures also extended their winning streaks as funds unwound bearish bets on hopes for […] Read more

ICE Futures January 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Palm oil shortage leads to canola rally

By GFM Network News November 20, 2019

MarketsFarm — As Malaysian palm oil continues to increase in price due a shortage, it has led to a rally in canola on ICE Futures, said Wayne Palmer of Exceed Grain in Winnipeg. The shortage stems from dry conditions in Indonesia and Malaysia, the world’s top two palm oil producers. While the dryness has been […] Read more

ICE March 2019 canola (candlestick chart) with CBOT March 2019 soyoil (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola waits on trade talks, USDA reports

By GFM Network News January 30, 2019

ICE canola futures are quiet at the end of January, but could see some movement from outside influences in the coming weeks, according to Exceed Grain senior marketing analyst Wayne Palmer. “Everybody is waiting to see what’s going to happen with the Chinese/United States (trade) talks,” he said. Two days of high-level trade negotiations between […] Read more

ICE January 2019 canola (yellow) and CBOT January 2019 soybeans (green). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola at mercy of U.S. soy

By GFM Network News November 28, 2018

CNS Canada — The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and U.S. President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings… we are getting […] Read more

ICE November 2018 canola (candlesticks) and October 2018 soybean oil (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

By GFM Network News October 4, 2018

CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more

(Mark Wilson photo courtesy Louis Dreyfus Co.)

Crops, Reuters, Soybeans

Argentina’s grain exports halt in strike against Macri

By Reuters, GFM Network News June 25, 2018

Buenos Aires | Argentina — A strike called by Argentina’s largest trade union federation in protest over President Mauricio Macri’s market-friendly economic policies brought the country to a standstill on Monday, freezing grains exports and halting banking and public transit. The CGT umbrella labour union demanded wage hikes to keep up with inflation rates running […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soybeans wade through turbulent trade waters

By GFM Network News April 5, 2018

CNS Canada — Soybean futures on the Chicago Board of Trade suffered sharp losses Wednesday after China said it would slap a 25 per cent tariff on soybean imports in retaliation for U.S. sanctions that had been placed on it. The dominant May contract plummeted 55 cents to $9.83 a bushel, before bargain-hunters stepped in […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola creeps toward $500

By GFM Network News January 24, 2018

CNS Canada — ICE Futures Canada canola contracts are showing signs of wanting to climb higher due to recent moves in soybean oil and the Canadian dollar. The front-month March contract is still below the benchmark $500 per tonne mark but is starting to creep toward it. Some of the movement can likely be traced […] Read more

GFM Network News

U.S. livestock: Cattle futures turn lower

U.S. grains: Soy futures dip as traders await China sales; corn, wheat sag

Seeds Canada announces Dan Wright as new CEO

Tag Archives soyoil

ICE weekly outlook: Canola could break out of range

Palm oil 101: Sought-after crop holds sway over oilseed trade

U.S. grains: Soy, corn, wheat rise for fourth straight day

ICE weekly outlook: Palm oil shortage leads to canola rally

ICE weekly outlook: Canola waits on trade talks, USDA reports

ICE weekly outlook: Canola at mercy of U.S. soy

ICE weekly outlook: Soyoil, not weather, main influence on canola

Argentina’s grain exports halt in strike against Macri

CBOT weekly outlook: Soybeans wade through turbulent trade waters

ICE weekly outlook: Canola creeps toward $500

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