Insights and Stories on Soybeans

Dec. 24, 2020 at 9:15 am CST

MarketsFarm – After canola incurred six consecutive sessions of gains in which new contract highs were reached, the Canadian oilseed took a bit of tumble on the Intercontinental Exchange. Such is a sample of the volatility in the market during the holidays. Keith Ferley, a trader with RBC Dominion Securities […]

By Glen Hallick - MarketsFarm

Dec. 23, 2020 at 2:54 pm CST

Canada’s canola crush is running slightly ahead of the year ago level, according to updated data from Statistics Canada. With 917,992 tonnes of the oilseed crushed in November, the 2020/21 (Aug/Jul) crop-year-to-date total of 3.465 million tonnes compares with the 3.309 million tonnes processed during the same timeframe the previous […]

By MarketsFarm Team

Dec. 16, 2020 at 8:26 pm CST

MarketsFarm — There’s a good chance that soybeans on the Chicago Board of Trade (CBOT) could reach US$12 per bushel before the end of December, according to grains analyst Terry Reilly of Futures International in Chicago. “It’s very possible. We’re not too far away from it. We also got close […]

By Glen Hallick - MarketsFarm

Dec. 2, 2020 at 3:12 pm CST

MarketsFarm — Soybean contracts on the Chicago Board of Trade tested contract highs around US$12 per bushel in overnight trade earlier in the week, but couldn’t maintain those levels due to a lack of support. A technical selloff put pressure on prices on Wednesday, with the nearby January contract closing […]

By Marlo Glass – MarketsFarm

Nov. 24, 2020 at 6:26 pm CST

MarketsFarm — Canadian oilseed processors crushed a record amount of canola during October 2020, according to the latest data from Statistics Canada. Increases were reported throughout the canola and soybean crushes when comparing this October with October 2019. October 2020 saw 931,060 tonnes of canola crushed, which bested the previous […]

By MarketsFarm Team