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Tag Archives crude oil


CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soy, corn, wheat inch higher ahead of holiday weekend

Chicago markets close Monday for Presidents Day

By Julie Ingwersen February 17, 2023
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 […] Read more

ICE March 2023 canola with 20-day moving average (yellow line, right column) and Canadian dollar value in U.S. dollars (red line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: March canola unchanged from last week

Loonie's relative strength seen as drag on values

By Adam Peleshaty February 8, 2023
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. […] Read more

ICE March 2023 canola with Bollinger bands (20,2). (Barchart)
Crops, Markets

ICE weekly outlook: Canola trading window lowered

A crude oil downturn would pressure canola, loonie

By Phil Franz-Warkentin January 26, 2023
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 […] Read more

NYMEX March 2023 West Texas Intermediate crude oil (candlesticks) with 100-day moving average (black line) and ICE March 2023 Brent crude oil (blue open/high/low/close). (Barchart)
Machinery, Markets

China driving crude oil price increases

Bulls on crude oil expect a 'very shallow' recession

By Glen Hallick January 18, 2023
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 […] Read more

(Greg Berg photo)
Crops, Markets

CBOT weekly outlook: Soy futures find support, but upside limited

Corn activity mainly bearish

By Phil Franz-Warkentin December 8, 2022
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 […] Read more


CBOT January 2023 soybeans (candlesticks, right column) with 20-day moving average (yellow line) and December 2022 soyoil (black line, left column). (Barchart)
Crops, Markets

U.S. grains: Soybeans follow soybean oil lower

CBOT wheat, corn retreat

By Julie Ingwersen November 16, 2022
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 […] Read more

CBOT January 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn end lower as crude oil sags

Chicago December wheat firms

By Julie Ingwersen November 14, 2022
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, […] Read more

CBOT February 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures up on China COVID curbs, weakening U.S. dollar

Corn market gains boosted by strength in crude oil market

By P.J. Huffstutter November 12, 2022
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 […] Read more


ICE November 2022 canola (candlesticks) with 20-day moving average (yellow line, right column) and NYMEX November 2022 West Texas intermediate crude (black line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Canola shouldn’t fall hard

Loonie keeping oilseed off sharper decline

By Glen Hallick September 28, 2022
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 […] Read more

CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

By Christopher Walljasper September 19, 2022
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 […] Read more

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