The ICE Futures canola contacts closed narrowly mixed, after having spent the trading session finding support from a strengthening soy complex and pressure from a stronger Canadian dollar. Chicago Board of Trade (CBOT) soybean, oil and meal contracts were all stronger at market close. Traders shifted their attention throughout the day from United States’ equity […] Read more
Daily news
Stronger dollar, soy puts opposing pressures on canola
Markets improve modestly for the beginning of 2019
Soy prices spent most of the first trading day of the year stronger, until the market seemed to realize that there were no USDA reports to back anything up, and then it seemed to struggle to put a pin in the day. The American shutdown of government has shuttered most of the USDA services that […] Read more
Markets start 2019 higher
Soy prices spent most of the first trading day for 2019 much stronger, until it seemed the market realized that there were no USDA reports to back anything up, and then it seemed to struggle to put a pin in the day. The American shutdown of government has shuttered most of the USDA services that […] Read more
Strong soy boost canola contracts
The ICE Futures canola contacts rallied throughout the day Wednesday to close stronger, following the lead of the soy complex. Chicago Board of Trade (CBOT) soybean, oil and meal contracts finished the day stronger. The soybean market has been rallying as of late on expectations of Chinese soybean purchases, only to lose ground near market […] Read more
Brazil soy seen threatened in early 2019 by below-average rains
SAO PAULO – The first days of 2019 will be marked by below-normal rainfall in Brazil’s main soybean producing areas, with farmers bracing for losses as December’s dry conditions and high temperatures continue to ruin fields. According to Refinitiv Eikon’s Agriculture Weather Dashboard data, rains will be below the historical average through Jan. 10 in […] Read more
Alberta feed grains firm heading into New Year
The seasonality of the feed grain sector is contributing to a firmer tone in Alberta barley and feed wheat bids heading into the New Year. “We’ve seen bids in our office on feed barley jump up a decent amount,” said Nelson Neumann, a grain trader with Agfinity in Alberta. He linked the strength to a […] Read more
Conditions converge on weaker canola; Russian exports weaken wheat
ICE Futures canola contracts were weaker on Friday, taking some direction from the Chicago Board of Trade soy complex as traders squared positions ahead of Christmas and the New Year. Bearish technical signals, a lack of significant demand, and large supplies in the commercial pipeline all contributed to the losses in canola, according to participants. […] Read more
Ample supply holds back Canola; wheat unchanged
ICE Futures canola contracts were weaker on Thursday, as losses in most outside equity and energy markets spilled into the grains and oilseeds. Declines in Chicago Board of Trade soybean and soyoil contracts contributed to the softer tone in canola, with the losses in soybeans coming despite some solid weekly export data. Ample canola supplies […] Read more
Canola firms up, wheat lower
ICE Futures canola contracts were weaker in choppy activity for most of Wednesday’s session, but managed to settle with small gains. Losses in Chicago Board of Trade (CBOT) soybeans weighed on values for most of the session. Ample supplies in the commercial pipeline and only routine demand also pressured values. However, a slowdown in farmer […] Read more
Lower Canadian dollar helps canola
ICE Futures canola contracts ended higher on Tuesday, as weakness in the Canadian dollar provided support. The currency fell to its lowest levels relative to its United States counterpart since June 2017, which helped crush margins improve. Speculators covering short positions, spillover from Chicago Board of Trade soybeans and a seasonal slowdown in farmer selling […] Read more
