SOYBEAN futures at the Chicago Board of Trade were weaker on Tuesday, as large old crop supplies and expectations for increased acres in the United States this spring weighed on values. The escalating conflict in the Middle East kept some caution in the market. The U.S. Department of Agriculture will release its latest supply/demand estimates […] Read more
CBOT review: Large supplies weigh on soybeans/corn
ICE review: Canola weakens amid war uncertainty
Glacier FarmMedia — The ICE Futures canola market was weaker on Tuesday, falling to the lower end of their sideways trading range as traders booked profits amid escalating uncertainty over the war in Iran. United States President Donald Trump threatened on social media that “a whole civilization will die tonight, never to be brought back […] Read more
ICE canola down at midday Tuesday
Glacier FarmMedia — ICE Futures canola contracts were weaker at midday Tuesday, although values held rangebound overall amid increasing tensions over the war in Iran. United States President Donald Trump threatened on social media that “a whole civilization will die tonight, never to be brought back again.” Crude oil values climbed higher, with fresh U.S./Israeli […] Read more
ICE Canada Morning Comment: Small gains to start Tuesday
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were gaining positive traction on Tuesday morning, due to sharp increases in crude oil. West Texas Intermediate was spiking on Tuesday, following United States attacks on Iran’s Kharg Island oil hub. At this point, the spillover was just finding its way in the […] Read more
CBOT review: Soybeans rise with soyoil
SOYBEAN futures at the Chicago Board of Trade posted small gains on Monday, finding spillover support from a rally in soyoil. The United States Department of Agriculture reported weekly export shipments of 779,352 tonnes of soybeans, which was up 12 per cent from the previous week. Ideas that rising fertilizer costs will encourage more soybean […] Read more
ICE review: Canola ends lower after choppy day
Glacier FarmMedia — The ICE Futures canola market was weaker at Monday’s close after trading to both sides of unchanged in choppy activity. The May contract settled near the middle of its C$8-per-tonne trading range for the session, losing only 40 cents at the final bell. Chicago soyoil hit fresh contract highs, with the ongoing […] Read more
ICE canola recovers from losses
Glacier FarmMedia — ICE Futures canola contracts were posting small gains at midday Monday, recovering from earlier losses as gains in Chicago soyoil provided support. The nearby May contract dipped below its 20-day moving average in early activity but moved back above that chart point as the day progressed. Chicago soyoil traded just under contract […] Read more
ICE Canada Morning Comment: Canola stepping back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Monday morning, pulled down by weaker crude oil prices. Trading resumed after Friday’s holiday. Crude was falling back as the trade waited for news on whether there will be talks between the United States and Iran or not. Among the […] Read more
U.S. Grain/Oilseed Review: Wheat rebounds, corn, soybeans lower
Glacier FarmMedia – Despite weak export sales, WHEAT futures made gains on Thursday, clawing back heavy losses on Wednesday. The United States Department of Agriculture reported 23,500 tonnes of old crop wheat, a marketing-year low, were sold for export during the week ended March 26, down 51 per cent from the week before and well […] Read more
ICE Closing Review: Canola advances, crude oil surges
Glacier FarmMedia – Canola futures on the Intercontinental Exchange rebounded heading into the long weekend, supported by rising crude oil prices and a weaker Canadian dollar. United States President Donald Trump said in a televised address on Wednesday that his country would hit Iran hard over the next two to three weeks, but did not […] Read more