BEIJING/SINGAPORE, (Reuters) – Soyoil inventories in China look set to build up further from already-high levels, denting prices even more, as the world’s largest soybean crushing sector cranks back up following coronavirus-led cutbacks last month, traders and analysts said. China’s stocks of soybean oil have climbed 50 percent this year as edible oil consumption slowed […] Read more
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Chinese soy crushers set to add to ballooning soyoil inventories
India’s rapeseed output could rise, cut vegoil imports
JAIPUR, India, (Reuters) – Rapeseed output in India, the world’s biggest importer of vegetable oils, is likely to rise five percent this year as favourable weather boosted yields of the winter-sown oilseed, a leading trade body said on Wednesday. Production is expected to stand at 7.8 million tonnes in the crop year to June 2020, […] Read more
Russia, Ukraine look for rain as spring grains sowing starts
MOSCOW/KIEV, (Reuters) – Farmers in Russia and Ukraine are looking for rains in the coming weeks as they start spring grain sowing earlier than usual after warm and dry winter, analysts and officials said. Russia, Ukraine and Kazakhstan compete for supplies mainly via the Black Sea ports to Africa, the Middle East and Asia. Their […] Read more
Canola futures gain following soyoil
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Wednesday, due to gains in Chicago soyoil and Malaysian palm oil. However, lower European rapeseed weighed on values. Despite the Bank of Canada cutting its key interest rate by a half-point today, an analyst said the cut itself wouldn’t have a […] Read more
Canola futures still making gains
WINNIPEG, March 3 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts higher Tuesday, building on gains made Monday, albeit at a slower pace. Chicago soyoil and European rapeseed were higher today, while Malaysian palm oil was flat. The gains in the North American commodities came as the United States Federal Reserve made a rare emergency […] Read more
Canola futures jump in last-minute trading
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts stronger on Monday, benefitting from gains in the Chicago soy complex and European rapeseed. Of note, there was a jump of almost C$3 per tonne in the final minutes of today’s session. Support also came from a lack of farmer selling and increased short covering. Declines […] Read more
Coronavirus fears dampening canola futures
WINNIPEG, (MarketsFarm) – The ICE Futures canola market dropped to fresh contract lows in the most active contracts on Friday, but managed to settle with only small declines as traders squared positions ahead of the weekend. Continued weakness in the global financial and energy markets over coronavirus fears remained a bearish influence, according to participants. […] Read more
Canola futures hold fairly steady
WINNIPEG, (MarketsFarm) – The ICE Futures canola market traded to both sides of unchanged on Thursday, closing with small gains in most months. Only the nearby March contract ended lower, as traders exited positions in the front month ahead of its expiry. Global equity markets continued to move lower on Thursday in response to mounting […] Read more
Canola futures hold steady
WINNIPEG, (MarketsFarm) – The ICE Futures canola market held onto small gains on Wednesday after trading to both sides of unchanged, seeing some consolidation after hitting contract lows on Tuesday. Canola was thought to be looking oversold and due for a correction from a chart-standpoint, which accounted for some early speculative buying interest. End user […] Read more
Canola futures hit new contract lows
WINNIPEG, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, seeing some follow-through speculative selling after Monday’s sharp declines. The market dropped to fresh contract lows in the process, although bargain hunting helped temper the declines. Losses in Malaysian palm oil and Chicago Board of Trade soyoil futures contributed the weaker tone in […] Read more
