Insights and Stories on Soyoil

ICE weekly outlook: Upswings likely out of question for canola

Mar. 8, 2023 at 8:02 pm CST

MarketsFarm — Don’t expect any large increases in canola prices any time soon, according to Ken Ball of PI Financial in Winnipeg. In fact, there’s a good chance seen that old-crop canola could fall below its support level of $800 per tonne. Ball said 2022-23 canola ending stocks in Canada […]

ICE weekly outlook: March canola unchanged from last week

Feb. 8, 2023 at 4:25 pm CST

By Adam Peleshaty

CBOT weekly outlook: Commodities largely rangebound after USDA report

Jan. 25, 2023 at 6:04 pm CST

By Glen Hallick - MarketsFarm

Worst drought in decades sees Argentina exchange slash soy, corn forecasts

Jan. 11, 2023 at 7:44 pm CST

By Reuters

CBOT weekly outlook: Soy futures find support, but upside limited

Dec. 7, 2022 at 6:40 pm CST

By Phil Franz-Warkentin

ICE weekly outlook: Canola still rangebound but upside possible

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

ICE weekly outlook: Canola could take a nosedive

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

ICE weekly outlook: Canola selloff shows signs of slowing

Jul. 6, 2022 at 7:16 pm CDT

MarketsFarm — ICE Futures canola contracts fell to their lowest levels in five months in early July, but may be finally finding some support as the selloff shows signs of running out of steam. The most-active November contract dipped below the $800 per tonne level on Tuesday and Wednesday — […]

By Phil Franz-Warkentin

CBOT weekly outlook: Fears over soy scarcity now gone

Jun. 22, 2022 at 3:13 pm CDT

MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American […]

By Glen Hallick - MarketsFarm

U.S. grains: Soyoil futures rally to record high

Apr. 27, 2022 at 5:16 pm CDT

Chicago | Reuters — U.S. soyoil futures surged to a record high on Wednesday after Indonesia broadened its export ban on raw materials for cooking oil to fight food inflation, traders said. “The move dramatically tightens an already tight global supply of edible oils that saw global prices surge when […]

By Mark Weinraub