Glacier FarmMedia – CORN posted gains for the third straight session and the sixth time in seven sessions on the Chicago Board of Trade on Thursday. The United States Department of Agriculture reported old crop corn export sales at 1.172 million tonnes for the week ended March 12, down 332,000 from the previous week. There […] Read more
U.S. Grain/Oilseed Review: Positive movement in CBOT grains
ICE Closing Review: Canola climbs despite mixed comparable oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise steadily on Thursday while crude oil pulled back slightly. New Iranian attacks on crude oil infrastructure in the Middle East initially caused prices to increase. Brent crude oil surpassed US$112 per barrel this morning, while West Texas Intermediate exceeded US$100 for the first […] Read more
ICE Midday: Canola, crude oil move up
Glacier FarmMedia — Canola futures were higher on the Intercontinental Exchange on Thursday, as crude oil prices climbed further upward. An analyst said there’s a small chance that canola could reach C$830 per tonne if the war in the Middle East persists. Renewed Iranian attacks on oil facilities lifted crude oil prices with Brent crude […] Read more
ICE Canada Morning Comment: Canola pulling back
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Thursday morning, despite increases in most comparable oils. There was spillover from sharp gains in crude oil, which underpinned upticks in MATIF rapeseed and Malaysian palm oil. While Chicago soyoil was to the downside, soybeans and soymeal were higher. A […] Read more
U.S. Grain/Oilseed Review: All-around positive day for CBOT grains
Glacier FarmMedia – WHEAT saw double digit gains on Wednesday as weather concerns enter the market, as well as war premiums. Much of the United States Plains from Nebraska to Texas will be dry over the next week. Meanwhile, soft red winter wheat growing areas in the U.S. will also remain dry with some scattered […] Read more
ICE Closing Review: Canola breaks downward late in trading
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange ended Wednesday in negative territory after showing gains for most of the session. Profit-taking and a drop in crude oil were the likely factors. West Texas Intermediate crude oil was down after United States President Donald Trump suspended the Jones Act, which prevents foreign vessels […] Read more
ICE Midday: Canola maintains upward momentum
Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rise higher on Wednesday, although the gains have cooled from earlier today. Chicago soyoil and Malaysian palm oil were up while European rapeseed was mostly higher in the middle of trading. Crude oil maintained its unfettered rise, gaining more than US$2.50 per barrel after […] Read more
ICE Canada Morning Comment: More gains for canola
By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Wednesday morning, shedding overnight losses. The Chicago soy complex turned around as well, with strong gains in soyoil. MATIF rapeseed and Malaysian palm oil were also on the rise. Following overnight attacks in the Middle East war, crude oil was […] Read more
U.S. Grain/Oilseed Review: Soybeans slightly higher, wheat down
Glacier FarmMedia – SOYBEAN contracts were in positive territory on the Chicago Board of Trade on Tuesday, but did little to recover from its heavy losses on Monday. The meeting between United States President Donald Trump and Chinese President Xi Jinping will be postponed to next month due to the ongoing conflict in the Middle […] Read more
ICE Closing Review: Canola in the green
Glacier FarmMedia – It was a turnaround Tuesday for canola and comparable oils, recovering most of Monday’s heavy losses. A relative lack of news allowed many commodities to make gains, said an analyst. However, the delay of a meeting between United States President Donald Trump and Chinese President Xi Jinping to next month was still […] Read more