Insights and Stories on Soyoil

Apr. 22, 2021 at 8:31 pm CDT

Chicago | Reuters — U.S. corn, wheat and soybean futures hit multi-year highs on Thursday as concerns about tightening global grain supplies triggered short-covering and fund-driven buying, analysts said. Nearby Chicago Board of Trade corn futures closed up their daily 25-cent limit (all figures US$). Front-month CBOT wheat rose above […]

By Julie Ingwersen

Apr. 21, 2021 at 8:12 pm CDT

MarketsFarm — As prices rise on the Chicago Board of Trade (CBOT), the opportunity for profit-taking becomes more prevalent. That said, values are very likely to continue increasing overall going into the week of April 26, according to analyst Terry Reilly of Futures International in Chicago. “By the end of […]

By Glen Hallick - MarketsFarm

Apr. 12, 2021 at 6:27 pm CDT

Chicago | Reuters — U.S. soybean futures fell 1.5 per cent on Monday, led lower by the soyoil market’s decline to its lowest in nearly six weeks on bearish data about palm oil supplies, traders said. “The bean oil led the beans up and it looks like they are going […]

By Mark Weinraub

Mar. 22, 2021 at 5:48 pm CDT

Chicago | Reuters — Chicago corn futures dipped on Monday as improving South American crop weather added pressure to prices after export sales on Friday rallied the market. Soybeans were lifted by rallying soyoil futures, while wheat closed barely higher as favourable planting weather in the U.S. Great Plains and […]

By Christopher Walljasper

Mar. 10, 2021 at 4:52 pm CST

MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s […]

By Phil Franz-Warkentin