Insights and Stories on Soyoil

Jan. 25, 2023 at 6:04 pm CST

MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner of Allendale Inc. in McHenry, Ill. “We’re actually at prices where it was in early August,” Ettner said, pointing to […]

By Glen Hallick - MarketsFarm

Jan. 11, 2023 at 7:44 pm CST

Buenos Aires | Reuters — Argentina’s Rosario Grains exchange sharply cut its forecast for the 2022-23 soybean harvest to 37 million tonnes from a previous forecast of 49 million, it said on Wednesday, as the country faces its worst drought in 60 years. The exchange also slashed its 2022-23 corn […]

By Reuters

Dec. 7, 2022 at 6:40 pm CST

MarketsFarm — Solid export demand, a short squeeze by fund traders and production uncertainty in South America have all propped up Chicago soybean futures over the past week, with more gains possible ahead of the year-end before correcting lower, according to an analyst. With the South American harvest still some […]

By Phil Franz-Warkentin

Nov. 30, 2022 at 7:26 pm CST

MarketsFarm — The ICE Futures canola market traded within a certain range for the week ended Wednesday, but one trader believes that wide crush margins will take prices over the psychological resistance level. Since nearly hitting the $900 per tonne mark on Nov. 15, the January canola contract declined for […]

By Adam Peleshaty

Aug. 17, 2022 at 6:19 pm CDT

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a […]

By Glen Hallick - MarketsFarm