Agriculture News Results

  • ICE Review: Canola Strengthens With Soyoil

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger on Wednesday, after trading to both sides of unchanged in choppy activity. Canola mainly followed the Chicago Board of Trade soyoil futures, which saw some wide price swings during the day but were stronger at the close. European rapeseed futures set fresh highs overnight, which provided some additional support.

  • ICE Canola Up, But Off Earlier Highs

    WINNIPEG, Manitoba--The ICE Futures canola market was holding onto small gains at midday Wednesday, but was well off its earlier highs as a downturn in Chicago Board of Trade soyoil futures weighed on values. Soyoil and canola had both started the day posting strong advances, but updated data from the United States Department of Energy sparked a selloff in soyoil that spilled into canola, according to a broker. Strength in the Canadian dollar and ideas that canola remains...

  • ICE Canola Futures Gain Strength

    WINNIPEG, Manitoba--Intercontinental Exchange ICE canola futures were higher on Wednesday morning, taking their cue from increases in Chicago soyoil, and other edible oils. Uncertainty over this year's Prairie crop continued to remain a concern for the trade. Statistics Canada projected the 2021/ 22 harvest to reap about 12.8 million metric tons, but there is the likelihood of the crop coming in lower, which would intensify an already tight supply situation.

  • Indian Morning Briefing: Asian Markets Mixed; China Evergrande's Debt Woes in Focus

    GLOBAL MARKETS DJIA 33919.84 -50.63 -0.15% Nasdaq 14746.40 32.49 0.22% S&P 500 4354.19 -3.54 -0.08% FTSE 100 6980.98 77.07 1.12% Nikkei Stock 29631.70 -208.01 -0.70% Hang Seng Closed Kospi Closed SGX Nifty* 17532.50 -29.0 -0.17%* Sep contract USD/JPY 109.41-42 +0.18 Range 109.49 109.12 EUR/USD 1.1725-28 -0.01 Range 1.1732 1.1717 CBOT Wheat Dec $6.902 per bushel Spot Gold $1,775.37/ oz 0.1% Nymex Crude $70.56 $0.27 U.S. U.S. stocks ended mixed in a choppy trading session...

  • ICE Review: Canola Ends Mixed After Choppy Day

    WINNIPEG, Manitoba--The ICE Futures canola market was mixed on Tuesday, with a small loss in the nearby November contract and gains in the more deferred positions. Strength in Chicago Board of Trade soy complex provided some spillover support for canola, with European rapeseed futures hitting fresh contract highs overnight. Ongoing uncertainty over the size of this year's canola crop also remained supportive, with many traders of the opinion that the actual production will...

  • ICE Canola Mixed at Midday Tuesday

    WINNIPEG, Manitoba--The ICE Futures canola market was mixed at midday Tuesday, with losses in the front months and a firmer tone in the more deferred positions. Hedge pressure and long liquidation by smaller speculators accounted for some of the declines in the nearby contracts, according to a trader. On the other side, a move to fresh contract highs in European rapeseed futures overnight and a recovery off of nearby lows for Chicago Board of Trade soyoil provided some underlying...

  • ICE Canada Morning Comment: Canola Prices Mixed

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were narrowly mixed on Tuesday morning, as small gains in the Chicago soy complex provided little direction. There are more significant increases in European rapeseed, but Malaysian palm oil slipped back a little. Following overnight frosts in parts of the Prairies, daytime temperatures are forecast to improve into the low 20 degrees Celsius.

  • Indian Morning Briefing: Asian Markets Mostly Lower Amid Worries Over China Evergrande Fallout

    GLOBAL MARKETS DJIA 33970.47 -614.41 -1.78% Nasdaq 14713.90 -330.06 -2.19% S&P 500 4357.73 -75.26 -1.70% FTSE 100 6903.91 -59.73 -0.86% Nikkei Stock 29887.82 -612.23 -2.01% Hang Seng 24121.42 22.28 0.09% Kospi Closed SGX Nifty* 17432.50 59.0 0.34%* Sep contract USD/JPY 109.56-57 +0.15% Range 109.60 109.35 EUR/USD 1.1733-36 +0.05% Range 1.1742 1.1724 CBOT Wheat Dec $7.006 per bushel Spot Gold $1,765.43/ oz 0.08% Nymex Crude $70.84- $1.13 US STOCKS. Worries about spreading...

  • ICE Review: Canola Drops with Decline in Other Markets

    WINNIPEG, Manitoba-- The ICE Futures canola market was lower on Monday, as broad weakness in most outside financial and commodity markets sparked by default concerns at a Chinese real estate company spilled over to weigh on prices. Chicago Board of Trade soyoil futures fell to their lowest levels in three months, which contributed to the declines in canola. Seasonal harvest pressure was another bearish influence, although concerns over the size of Canada's drought-stricken...

  • ICE Canola Down With Outside Markets at Midday

    WINNIPEG--The ICE Futures canola market was weaker at midday Monday, taking some direction from the Chicago Board of Trade soy complex. Concerns over a default by Chinese real estate company Evergrande sparked broad weakness in global equity and energy markets Monday that spilled into the grains and oilseeds, with that' risk-off' sentiment leading to profit-taking in canola as well. Soyoil futures fell to their lowest levels in three months, contributing to the declines in...

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