soyoil Archives - Page 9 of 12

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

U.S. grains: Soybeans rise for third session

By GFM Network News February 5, 2020

Chicago | Reuters — U.S. soybean futures rose modestly on Wednesday as strength from global equity markets and soyoil futures offset worries about export demand for U.S. oilseeds, traders said. Wheat futures firmed on technical buying. But corn drifted lower in rangebound trade as uncertainty about demand hung over the market. Chicago Board of Trade […] Read more

ICE March 2020 canola with Bollinger (20,2) bands. (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Canola off highs, rangebound

By GFM Network News January 15, 2020

MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade deal signed Wednesday between the U.S. and China failed to give the grain and oilseed markets a boost, as the vague details of the actual […] Read more

File photo of young plants in a soybean field in Argentina. (Gracieross/iStock/Getty Images)

Crops, Markets, Soybeans

Argentine soybeans facing tax increases

By GFM Network News January 8, 2020

MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. What may bring changes to the country’s soybean industry are tax increases imposed by the new federal government, according to Benjamin Boroughs, the USDA attaché. […] Read more

A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Crops, Markets, Soybeans

Brazil to become top soybean producer, USDA says

By GFM Network News January 8, 2020

MarketsFarm — Brazil is set to pass the United States as the world’s top producer of soybeans during the 2019-20 marketing year, according to a report from the U.S. Department of Agriculture (USDA). As soybean production in both countries has risen dramatically over the last 10 years, the U.S. continued to lead the world in […] Read more

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

Canola, Crops, Markets

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

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Tag Archives soyoil

U.S. grains: Soybeans rise for third session

ICE weekly outlook: Canola off highs, rangebound

Argentine soybeans facing tax increases

Brazil to become top soybean producer, USDA says

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

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