SOYBEAN futures at the Chicago Board of Trade were weaker on Friday, seeing a modest correction to end the week after trading at their highest levels in nearly two years. The losses came despite a turn higher in crude oil, as markets continue to react to shifting news out of the Middle East. Rising fertilizer […] Read more
CBOT review: Soybeans down with pre-weekend profit-taking
ICE review: Canola at eight-month highs
Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, closing at their highest levels in eight months as contracts recovered from early profit-taking losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down […] Read more
ICE canola turns higher after early losses
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, recovering from overnight losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down by nearly half a cent relative to its United States counterpart, […] Read more
Canola drops with crude
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday, following the direction of crude oil. In an effort to reduce crude oil prices, the United States temporarily removed sanctions on Russian oil. Chicago soyoil and European rapeseed were down this morning, while Malaysian palm oil was higher. The Canadian Grain Commission […] Read more
U.S. grains/oilseeds review: Soybeans continue higher with crude oil
SOYBEAN futures at the Chicago Board of Trade were stronger on Thursday, as continued strength in crude oil remained supportive. Crude oil was higher amid the escalating war in the Middle East, disrupting production and movement in the region. Cargill has reportedly stopped shipping soybeans from Brazil to China due to a change in Brazilian […] Read more
ICE review: Canola holds onto small gains Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, taking some direction from activity in outside markets. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher. Widening canola crush margins contributed […] Read more
ICE canola continues higher in choppy trade
Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Thursday, but off their session highs in choppy activity. Gains in crude oil amid the ongoing conflict in the Middle East remained supportive for global vegetable oil markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all higher on the day. Widening canola […] Read more
ICE canola in negative territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange declined on Thursday morning despite positive momentum in comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were higher. Crude oil prices surged after Iran attacked vessels on the Strait of Hormuz. The International Energy Agency announced on Wednesday it will release 400 million barrels […] Read more
CBOT review: Soybeans, grains climb as crude flows disrupted
SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, trading just short of the nearby highs hit on Monday. Crude oil was higher amid the escalating war in the Middle East, disrupting production and movement in the region. Optimism over upcoming trade talks between the United States and China contributed to the […] Read more
ICE review: Canola strengthens with crude oil
Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, but off its session highs at the close as profit-taking came forward to weigh on values. The May contract hit a high of C$742.50 per tonne, settling about nine dollars below that at C$733.30 per tonne. The escalating conflict in the Middle East […] Read more