Insights and Stories on Soybean Oil

Canadian canola crush hit record in 2023: StatCan

Mar. 13, 2024 at 2:40 pm CDT

Oilseed processors in Canada crushed a record amount of canola during the 2023 calendar year, according to a report from Statistics Canada released March 13.

July canola crush sets new records

Aug. 24, 2023 at 6:36 pm CDT

By MarketsFarm

USDA June soybean crush seen at 175.5 million bushels

Jul. 31, 2023 at 9:49 am CDT

By Karl Plume

ICE weekly outlook: Canola likely rangebound until spring

Jan. 11, 2023 at 7:03 pm CST

By Glen Hallick - MarketsFarm

ICE weekly: Canola regains strength after days of declines

Dec. 21, 2022 at 7:11 pm CST

By Adam Peleshaty

U.S. grains: Soybeans follow soybean oil lower

Nov. 16, 2022 at 5:49 pm CST

Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Wednesday, anchored by a profit-taking plunge in soyoil and crude oil futures, traders said. Wheat and corn futures declined on optimism about an extension of a deal to protect Black Sea exports, and as fears eased that […]

By Julie Ingwersen

Fuel firm Marathon buys in on ADM soy crush plant

Aug. 19, 2021 at 6:14 pm CDT

Reuters — Marathon Petroleum and ADM announced on Thursday a joint venture to produce soybean oil that will be exclusively sold to Marathon for its renewable diesel plant. Refiners are on the hunt for secure access to feedstocks for renewable fuels amid supply constraints and soaring prices for fats, greases […]

By Arunima Kumar Laura Sanicola

Cream of Wheat maker to buy Crisco line from Smucker

Oct. 27, 2020 at 3:00 am CDT

The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million […]

By Dave Bedard

ICE weekly outlook: Harvest pressure set to increase

Sep. 13, 2017 at 5:21 pm CDT

CNS Canada — The canola market will likely be tested in coming days as harvest pressure, both north and south of the border, intensifies. While futures enjoyed a bounce upward following a bearish report from the U.S. Department of Agriculture on Tuesday, the technical bias appears to be pointed lower. […]

By Dave Sims

First U.S. trader convicted of spoofing sentenced to jail

Jul. 13, 2016 at 4:42 pm CDT

Chicago | Reuters — A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. Coscia also was sentenced to two years of supervised release from […]

By Michael Hirtzer Tom Polansek