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
U.S. Grain/Oilseed Review: Soybeans down, grains mostly higher
ICE Closing Review: Canola adding onto its prices
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
ICE Midday: Canola, crude oil move higher
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were showing small gains in the middle of Thursday trading, receiving support from comparable oils. Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was lower. Chicago soybeans and soymeal also turned negative. Crude oil gained more than US$1 per barrel amid growing tensions […] Read more
ICE Canada Morning Comment: Canola bumps up
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Thursday morning, underpinned by gains in the Chicago soy complex and MATIF rapeseed. Declines in Malaysian palm oil tempered the upswing in canola, while lower crude oil weighed on the vegetable oils. The May canola contract remained well above […] Read more
U.S. Grain/Oilseed Review: Wheat down, corn, soybeans mostly higher
Glacier FarmMedia – WHEAT prices were mostly lower on Wednesday as precipitation is expected for parts of the southern United States Plains in the coming days. Parts of soft red winter wheat growing areas will see rain ranging from scattered showers to 50 millimetres over the next week. Prior to Thursday’s United States Department of […] Read more
ICE Closing Review: Old, new crop prices head in different directions
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mixed on Wednesday, amidst lower comparable oil prices and a stronger Canadian dollar. Chicago soyoil ended the day higher despite trading lower for most of the session. An analyst said the rallies for canola and soyoil will eventually run out of steam. European rapeseed and […] Read more
ICE Midday: Downward momentum for canola
Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar. An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm […] Read more
ICE Canada Morning Comment: Canola steps back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed lower on Wednesday morning, following Chicago soyoil, Malaysian palm oil and MATIF rapeseed to the downside. There were also losses in Chicago soybeans but soymeal was higher. Gains in crude oil lent support to the vegetable oils. The May canola contract held […] Read more
U.S. Grain/Oilseed Review: Soybeans up, grains down
Glacier FarmMedia – SOYBEANS advanced on the Chicago Board of Trade on Tuesday after moving lower in its previous two sessions. Crop consultant Dr. Michael Cordonnier trimmed his estimate for Brazilian soybean production by one million tonnes at 178 million. Excessive rains in central Brazil and dryness in Rio Grande do Sul were the reasons […] Read more
ICE Closing Review: Canola advances, continues rally
Glacier FarmMedia – Canola futures on the Intercontinental Exchange saw gains for the fifth-straight session on Tuesday, getting support from Chicago soyoil. The May canola contract closed above C$700 per tonne for the first time since August. May Chicago soyoil exceeded the 60 U.S. cent per pound mark during trading for the fourth session in […] Read more