A technical chart tells a story. It provides a map of what happened and hints about what may come. Canola There were certainly twists and turns to the canola trade in 2024. However, the path meandered in a sideways range and the market never actually went anywhere, finishing 2024 not far from where it started […] Read more
Tag Archives soybean market
Rain swells Mississippi River, speeding U.S. soy exports
Deeper water is allowing crop handlers to supply exporters with more grain per barge and to lash more barges together
CHICAGO (Reuters) — Exporters have shipped soybeans from the busiest U.S. grains port at the fastest rate in nearly four years after rain raised water levels in the Mississippi River, government data showed. Some 60 per cent of U.S. soy exports depart from Gulf Coast terminals that draw supplies from barges traveling south on the […] Read more
Canola flies into soybean headwinds
A large soybean crop in the United States and sluggish exports have not allowed the canola market to make a move
SASKATOON — The soybean market is wrestling with a couple of bearish factors that are preventing the oilseed from rallying, says an analyst, and that is weighing down a canola market desperately attempting to gain some traction as of the end of August. The U.S. Department of Agriculture forecast a record 124.9 million tonnes of […] Read more
Massive soybean crop expected
ROCHESTER, Minnesota, Aug 23 (Reuters) — The U.S. soybean harvest will be even bigger than the U.S. government’s record forecast, advisory service Pro Farmer said last week, though it forecast a smaller corn crop than what the U.S. Department of Agriculture expects. Near-perfect growing weather in most areas of the world’s top corn exporter and […] Read more
Experts bearish on soybean crush, export demand
If U.S. soybean prices falter due to high ending stocks, it could affect canola price
SASKATOON — A leading agricultural economist thinks the United States soybean sector is going to have a “very ugly” 2024 and early 2025. Scott Irwin, professor of agriculture at the University of Illinois, is bearish on crush and export demand for the oilseed. Related stories: “Unless the U.S. has a substantial production problem this summer, […] Read more
Global soybean glut could pressure canola prices
The current estimate calls for a 13 per cent increase from last year, but how that affects canola prices remains to be seen
SASKATOON — The world will be awash in soybeans in 2024-25, and that could be an anchor on canola prices, say analysts. The International Grains Council is forecasting 75.4 million tonnes of global soybean carryout, excluding China. Related stories: That would be 13 per cent more than last year and 31 per cent above the […] Read more
