MarketsFarm — After showing considerable weakness in prior trading sessions, canola contracts tried to regain some ground at midweek. Ken Ball of P.I. Financial in Winnipeg said canola was oversold […] Read more
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Tag Archives soyoil
ICE weekly outlook: Canola gains strength at midweek
ICE weekly outlook: Canola loses strength at midweek
MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil […] Read more
U.S. grains: Corn, soy, wheat book multi-month lows
Financial markets continue to drag commodities lower
Chicago | Reuters — U.S. grain and soybean futures sank to multi-month lows on Monday on worries about the coronavirus pandemic denting the global economy and chilling end-user demand for […] Read more
ICE weekly outlook: Volatility hampers canola
MarketsFarm — Canola values have been at the mercy of volatile financial markets this week, trading in lockstep with headlines of plummeting crude oil values and stock indices. “We’re getting […] Read more
Argentina to raise soy export taxes to 33 per cent from 30
Buenos Aires | Reuters — Argentina plans to raise taxes on soybean, soyoil and soymeal exports to 33 per cent from the current 30, the agriculture ministry said on Tuesday, […] Read more
U.S. grains: Soybeans rise for third session
Chicago | Reuters — U.S. soybean futures rose modestly on Wednesday as strength from global equity markets and soyoil futures offset worries about export demand for U.S. oilseeds, traders said. […] Read more
ICE weekly outlook: Canola off highs, rangebound
MarketsFarm — ICE Futures canola contracts tested long-time chart resistance during the week ended Wednesday, but failed to break higher and retreated to hold rangebound overall. The Phase One trade […] Read more
Argentine soybeans facing tax increases
MarketsFarm — Not many major divergences can be seen between the U.S. Department of Agriculture’s data (USDA) on Argentina’s soybean crop and data from the department’s attaché in Buenos Aires. […] Read more
Brazil to become top soybean producer, USDA says
MarketsFarm — Brazil is set to pass the United States as the world’s top producer of soybeans during the 2019-20 marketing year, according to a report from the U.S. Department […] Read more
ICE weekly outlook: Canola could break out of range
MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has […] Read more