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Tag Archives soyoil


ICE July 2023 canola with 20-day moving average and November 2023 canola (yellow line). (Barchart)
Crops, Markets

ICE weekly outlook: Unclear where canola wants to go

Soy complex's trend much more apparent

By Adam Peleshaty May 17, 2023
MarketsFarm — While the ICE Futures canola market declined during the week ended Wednesday, the oilseed has been affected by a mixture of supports and pressures, according to commodities futures […] 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

CBOT March 2023 soybean oil (candlesticks, right column) with Bollinger bands (20,2) and CBOT March 2023 soybean meal (black line, left column). (Barchart)
Crops, Markets

CBOT weekly outlook: Commodities largely rangebound after USDA report

By Glen Hallick January 26, 2023
MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner […] Read more

The skeleton of a fish is seen in the Navarro lagoon, which dried up due to the climate phenomenon La Nina, in Navarro in Argentina’s Buenos Aires province on Dec. 5, 2022. (File photo: Reuters/Agustin Marcarian)
Crops, Markets

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

By Reuters January 12, 2023
Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it […] 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


ICE January 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

ICE weekly outlook: Canola still rangebound but upside possible

Crush margins expected to stay high for now

By Adam Peleshaty December 1, 2022
MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the […] Read more

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By Glen Hallick August 17, 2022
MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think […] Read more

ICE November 2022 canola (candlesticks, right column) with 20-day moving average (yellow line, right column), Euronext November 2022 rapeseed (black line, right column) and CBOT October 2022 soyoil (green line, left column). (Barchart)
Crops, Markets

ICE weekly outlook: Canola selloff shows signs of slowing

By Phil Franz-Warkentin July 7, 2022
MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of […] Read more


Photo: Thinkstock
Crops, Markets

CBOT weekly outlook: Fears over soy scarcity now gone

By Glen Hallick June 22, 2022
MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies […] Read more

CBOT July 2022 soyoil (candlesticks, right column) with 20-day moving average (dark green line) and July 2022 soybeans (yellow line, left column). (Barchart)
Crops, Markets

U.S. grains: Soyoil surges on Indonesia export ban

Soybean, corn futures sag on profit-taking

By Julie Ingwersen April 22, 2022
Chicago | Reuters — U.S. soyoil futures surged to all-time highs on Friday after Indonesia blocked exports of palm oil, a competing vegetable oil, but soybean and corn futures fell […] Read more

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