Insights and Stories on Soyoil

Apr. 15, 2020 at 5:54 pm CDT

MarketsFarm — Canola prices dropped over the last week due to a combination of factors, according to David Derwin of PI Financial in Winnipeg. The Canadian dollar was one of those factors, as it had a small rally that pushed the loonie to almost 72 U.S. cents. That rally ended […]

By Glen Hallick - MarketsFarm

Apr. 1, 2020 at 8:26 pm CDT

MarketsFarm — ICE Futures canola contracts succumbed to pressure from comparable vegetable oils at midweek, after showing strength earlier in the week. Ken Ball of P.I. Financial said lower soyoil values put canola “under tremendous pressure.” Nearby soyoil contracts were down by about a penny on Wednesday. Earlier in the […]

By Marlo Glass – MarketsFarm

Mar. 16, 2020 at 3:22 pm CDT

Chicago | Reuters — U.S. grain and soybean futures sank to multi-month lows on Monday on worries about the coronavirus pandemic denting the global economy and chilling end-user demand for commodities, traders said. “The fear is still that it will only get worse as the week unfolds,” said Mark Schultz, […]

By Mark Weinraub

Mar. 11, 2020 at 3:43 pm CDT

MarketsFarm — Canola values have been at the mercy of volatile financial markets this week, trading in lockstep with headlines of plummeting crude oil values and stock indices. “We’re getting into a bit of a pattern in the markets,” Ken Ball of P.I. Financial in Winnipeg said, explaining that prices […]

By Marlo Glass – MarketsFarm

Mar. 3, 2020 at 8:16 pm CST

Buenos Aires | Reuters — Argentina plans to raise taxes on soybean, soyoil and soymeal exports to 33 per cent from the current 30, the agriculture ministry said on Tuesday, as the government moves to increase revenue ahead of a planned sovereign bond restructuring. Ministry officials met with farm groups […]

By Reuters