Insights and Stories on Crude Oil

Oct. 13, 2023 at 7:16 pm CDT

Chicago | Reuters — Chicago Mercantile Exchange cattle futures fell on Friday as traders banked profits and squared positions ahead of the weekend as geopolitical turmoil riled energy markets and stoked concerns about beef demand. Crude oil rallied more than five per cent on Friday on the escalating Middle East […]

By Karl Plume

Oct. 4, 2023 at 7:41 pm CDT

MarketsFarm — The ICE Futures canola market hit its lowest levels in three months on the last trading day of September but has since uncovered some support in the first days of October. Canola “has found a level where it’s stabilized, but there’s not a lot of life right now,” […]

By Phil Franz-Warkentin

Sep. 27, 2023 at 6:53 pm CDT

MarketsFarm — Harvest operations for soybeans and corn are in their early stages, with seasonal selling pressure likely to limit any upside potential in the futures markets over the next few weeks. However, both commodities have found nearby support on the other side keeping values rangebound overall. The U.S. soybean […]

By Phil Franz-Warkentin

Sep. 18, 2023 at 8:07 pm CDT

London | Reuters –– With oil investors and traders focused on an oil-price rally that has come close to US$100 a barrel, some grades of crude oil are already trading above that milestone, highlighting an expectation of tight supply. The outright price of Nigerian crude Qua Iboe surpassed $100 a […]

By Alex Lawler

Jun. 15, 2023 at 5:55 pm CDT

Chicago | Reuters — U.S. corn futures hit their highest levels in nearly two months and soybeans hit a one-month high on Thursday as forecasts for continued dry weather in portions of the Midwest crop belt raised concerns about yield prospects, analysts said. Chicago Board of Trade (CBOT) wheat futures […]

By Julie Ingwersen