Chicago | Reuters — Chicago Board of Trade corn, soybean and wheat futures closed modestly higher on Friday as traders squared positions ahead of a three-day U.S. weekend and weighed contrasting crop prospects in South America, analysts said. Uncertainty about the future of a Black Sea grain export corridor underpinned values, while a firming dollar […] Read more
Tag Archives crude oil — page 3
U.S. grains: Soy, corn, wheat inch higher ahead of holiday weekend
Chicago markets close Monday for Presidents Day
ICE weekly outlook: March canola unchanged from last week
Loonie's relative strength seen as drag on values
MarketsFarm — The ICE Futures canola market was once again trading rangebound for the week ended Wednesday, as the March contract was left unchanged from one week earlier at $828.20. The contract oscillated between a range of $819.40 and $837 per tonne during the week, all the while seemingly immune from larger price ranges seen […] Read more
ICE weekly outlook: Canola trading window lowered
A crude oil downturn would pressure canola, loonie
MarketsFarm — The ICE Futures canola market posted steady losses for five sessions, testing the lower edge of their well-established trading ranges before finally uncovering some support on Wednesday. The losses did damage from a chart perspective, with the activity bumping the trading window lower, according to an analyst. “Overall, both on old- and new-crop, […] Read more
China driving crude oil price increases
Bulls on crude oil expect a 'very shallow' recession
MarketsFarm — China has largely been behind the current upticks in global crude oil prices, according to Tom Kloza, global head of energy analysis for Oil Price Information Services in Lakewood, NJ. He suggested that China’s economy will begin to pick up steam in 2023 after the government loosened its super-tight COVID-19 restrictions. “You can […] Read more
CBOT weekly outlook: Soy futures find support, but upside limited
Corn activity mainly bearish
MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some time away, “you might have […] Read more
U.S. grains: Soybeans follow soybean oil lower
CBOT wheat, corn retreat
Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Wednesday, anchored by a profit-taking plunge in soyoil and crude oil futures, traders said. Wheat and corn futures declined on optimism about an extension of a deal to protect Black Sea exports, and as fears eased that the Ukraine war could escalate […] Read more
U.S. grains: Soybeans, corn end lower as crude oil sags
Chicago December wheat firms
Chicago | Reuters — Chicago soybean and corn futures fell on Monday on spillover pressure from crude oil along with uncertainty about export demand for U.S. supplies of both crops, analysts said. But wheat futures rose on signs of global export demand while traders continued to monitor prospects for the renewal of an export corridor […] Read more
U.S. grains: Soy futures up on China COVID curbs, weakening U.S. dollar
Corn market gains boosted by strength in crude oil market
Chicago | Reuters — Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand. Soybeans bounced on hopes that China’s move to ease some COVID-19 curbs might spur economic activity, potentially boosting demand for goods including soybeans. […] Read more
ICE weekly outlook: Canola shouldn’t fall hard
Loonie keeping oilseed off sharper decline
MarketsFarm — As Malaysian palm oil futures tumbled to 20-year lows during the week of Sept. 26, they have put a lot of pressure on canola prices, analyst Errol Anderson of ProMarket Communications in Calgary said. However, he said, the Canadian dollar has been the backstop that kept the oilseed from falling with palm oil. […] Read more
U.S. grains: Wheat falls on Russian production outlook
Exports underpin U.S. soybeans
Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
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