Chicago | Reuters — U.S. soybean futures fell to a one-week low on Tuesday on technical selling combined with better-than-expected yield reports from the Midwest, analysts said. Wheat and corn futures followed the weak trend, with wheat retreating after climbing to a one-month high. Chicago Board of Trade November soybeans settled down 7-3/4 cents at […] Read more
U.S. grains: Soy down on harvest, worries about biodiesel
U.S. grains: Soybeans end lower in retreat from early strength
Chicago | Reuters — U.S. soybean futures closed lower on Monday as a bout of technical selling erased early strength tied to export demand and uncertainty about Midwest yield prospects, analysts said. Corn fell on expectations of continued, burdensome U.S. supplies, and wheat also declined in listless trade. CBOT November soybeans settled down one cent […] Read more
Macquarie to buy Cargill’s global oil business
Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more
ICE weekly outlook: Canola rises amid biofuel uncertainty
CNS Canada — ICE Futures Canada canola contracts recorded substantial gains during the week ended Wednesday, on speculation the Trump administration would alter biofuel regulations in the U.S., which sparked a flurry of buying. So far the specifics of any changes have yet to be announced, but already some in the industry believe the U.S. […] Read more
Canola crush margins continue downward slide
CNS Canada — Canola crush margins have continued their downward slide, falling to their lowest levels in 10 months over the past week. As of Friday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $86 above the March contract, which compares with levels a month ago of roughly $126. Crush […] Read more
Canola crush margins tumble
CNS Canada — Canola crush margins dropped by more than $30 per tonne over the past two weeks, which may be putting a damper on end-user demand. As of Thursday, the Canola Board Crush Margins calculated by ICE Futures Canada were at about $100 above the March contract, which compares with levels only two weeks […] Read more
U.S. grains: Soybeans fall on Argentina weather
Reuters — U.S. soybean futures fell to a 1-1/2-week low on Wednesday on an improved South American crop weather outlook while corn edged higher on export demand, traders said. Wheat sagged on ample old-crop supplies and a lack of supportive news. Chicago Board of Trade March soybean futures settled down 3-1/4 cents at $10.55-1/4 per […] Read more
ICE weekly outlook: ‘Toppy’ canola could still go higher
CNS Canada — Canola futures have trended higher in the most active nearby contracts in recent weeks, but still remain underpriced compared to soybeans. From a chart perspective, ICE Futures Canada’s January contract is trading at the highest levels for the front month in two and a half years. However, while “the charts may be […] Read more
ICE weekly outlook: Farmers look for rallies
CNS Canada — As the last remaining days of harvest tick down, farmers are beginning to look for rallies to sell into, according to an analyst in the market. “The farmer continues to struggle out there, but seems content to sell into the rallies. I don’t think they’re selling into the breaks,” said Keith Ferley […] Read more
ICE weekly outlook: Traders look to StatsCan, U.S. veg oil
CNS Canada — With questions about the size of Western Canada’s canola crop remaining, ICE Futures Canada traders are looking to an upcoming Statistics Canada report for indications on where to move next. Sharp advances in the Chicago Board of Trade soyoil market underpinned canola on the week, and investors are waiting to see if […] Read more
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