Agriculture News Results

  • ICE Grain/Oilseed Review: Canola Rises Further on Spillover Gains

    WINNIPEG--Intercontinental Exchange canola futures continued higher Wednesday, getting more spillover from gains in other edible oils. The Chicago soy complex saw soyoil push well over two cents per bushel in the nearby contracts, while soybeans had double- digit gains and soymeal was up moderately. The rally in European rapeseed carried on and there were increases in Malaysian palm oil.

  • ICE Canola Midday: Rally Continues

    Intercontinental Exchange canola futures continued to push higher at midday Wednesday, getting support from increases in other edible oils, according to an analyst. He noted that Chicago soyoil shot up sharply so far today, with European rapeseed still on the rise along with gains in Malaysian palm oil. Canola was also being supported by tight supplies and this year's production coming in far below earlier expectations.

  • ICE Canola Rallies to Fresh Highs Early Wednesday

    WINNIPEG--The ICE Futures canola market was stronger Wednesday morning, setting fresh contract highs as bullish technical signals provided support. Gains in outside markets were another supportive influence, with Malaysian palm oil, European rapeseed and Chicago Board of Trade soyoil futures all moving higher. Canada's tight supply situation contributed to the firmer tone, although canola is said to be looking overpriced at current levels.

  • Antofagasta Expects Copper Production to Fall in 2022

    Antofagasta PLC (ANFGF) on Wednesday forecast lower copper production for 2022, reflecting a lack of rainfall and lower grades at its Centinela Concentrates operation. The Chilean copper miner guided for production of 660,000-690,000 metric tons for next year. This would be down from the 2021 guidance of 710,000-740,000 tons, which was reiterated on Wednesday.

  • Indian Morning Briefing: Asian Markets Mostly Higher

    GLOBAL MARKETS DJIA 35457.31 198.70 0.56% Nasdaq 15129.09 107.28 0.71% S&P 500 4519.63 33.17 0.74% FTSE 100 7217.53 13.70 0.19% Nikkei Stock 29391.19 175.67 0.60% Hang Seng 25956.72 169.51 0.66% Kospi 3022.42 -6.62 -0.22% SGX Nifty* 18450.00 23.5 0.13%* Oct contract USD/JPY 114.54-55 +0.17% Range 114.69 114.35 EUR/USD 1.1637-40 +0.03% Range 1.1650 1.1628 CBOT Wheat Dec $7.360 per bushel Spot Gold $1,772.62/ oz 0.2% Nymex Crude $82.89 $0.45 U.S. The S&P 500 notched its...

  • ICE Closing Review: Tight Supplies, Dry Prairies Push Up Canola

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were stronger on Tuesday due to ongoing concerns about tight supplies and dry conditions across the Prairies. A trader commented the rolling out of the November contract into January was a major feature in today's trading. He added that crushers and other buyers are worried about the small amount of canola available on the market and are buying as much as they can.

  • ICE Canola Midday: Dryness, Limited Supplies Fueling Increases

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were higher at midday Tuesday, with more deferred positions seeing the largest gains. "There's the debate about how dry it is in Western Canada, the fact that seed supplies are limited the fact that other competing crops are extremely profitable," explained a trader. As well, he noted that crushers and other buyers have become concerned about canola supplies and they're looking to purchase what they can now with the...

  • ICE Canola Mixed Tuesday Morning

    WINNIPEG, Manitoba--The ICE Futures canola market was mixed Tuesday morning, with losses in the nearby November contract and gains in the more deferred positions. Intermonth spreading was a feature, as traders are busy rolling out of the front month ahead of its expiry. Chicago Board of Trade soyoil futures were softer in early activity, which put some spillover pressure on canola.

  • Indian Morning Briefing: Asian Markets Gain Ground

    GLOBAL MARKETS DJIA 35258.61 -36.15 -0.10% Nasdaq 15021.81 124.47 0.84% S&P 500 4486.46 15.09 0.34% FTSE 100 7203.83 -30.20 -0.42% Nikkei Stock 29210.11 184.65 0.64% Hang Seng 25696.14 286.39 1.13% Kospi 3028.25 21.57 0.72% SGX Nifty* 18566.00 80.0 0.43%* Oct contract USD/JPY 114.20-21 -0.09% Range 114.35 114.09 EUR/USD 1.1638-41 +0.22% Range 1.1641 1.1609 CBOT Wheat Dec $7.362 per bushel Spot Gold $1,769.14/ oz 0.3% Nymex Crude $82.45 $0.17 US STOCKS.

  • ICE Review: Canola Up on Monday

    WINNIPEG--The ICE Futures canola market was mostly stronger Monday, seeing a continuation of the previous week's gains as strength in outside vegetable oil markets provided support. Malaysian palm oil and Chicago soyoil futures were both higher on the day, which spilled over to underpin canola. Canada's tight supply situation was also supportive, although a broker noted that demand was already being rationed at current price levels.

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