Agriculture News Results

  • ICE Canada Morning Comment: Canola Continues With Gains

    Intercontinental Exchange canola futures continued higher on Friday morning, gleaning support from the Chicago soy complex, Malaysian palm oil and European rapeseed. In turn these edible oils were getting a boost from gains in global crude oil prices. Tight supplies and uncertainty regarding this year's production also underpinned canola values.

  • Indian Morning Briefing: Asian Markets Track Higher; U.S. Debt-Limit Bill Passes Senate

    GLOBAL MARKETS DJIA 34754.94 337.95 0.98% Nasdaq 14654.02 152.10 1.05% S&P 500 4399.76 36.21 0.83% FTSE 100 7078.04 82.17 1.17% Nikkei Stock 28286.02 607.81 2.20% Hang Seng 24833.21 131.48 0.53% Kospi 2962.57 3.11 0.11% SGX Nifty* 17854.50 39 0.22%* Oct contract USD/JPY 111.84-85 +0.19% Range 111.90 111.61 EUR/USD 1.1553-56 +0.02% Range 1.1562 1.1551 CBOT Wheat Dec $7.412 per bushel Spot Gold $1,756.68/ oz Unch Nymex Crude $78.82 $1.39 U.S. Major U.S. stock indexes rose...

  • ICE Review: Canola Strengthens with Support From Soyoil

    WINNIPEG, Manitoba-- The ICE Futures canola market was stronger on Thursday, holding near the upper end of its three- month trading range. Gains in Chicago Board of Trade soyoil futures provided underlying support, with bullish technical signals adding to the gains. Crude oil was also up on the day, after an early profit-taking correction, which was supporting world financial markets.

  • ICE Canola Turns Higher

    The ICE Futures canola market was stronger at midday Thursday, after trading to both sides of unchanged in choppy activity. Gains in Chicago Board of Trade soyoil futures provided some underlying support, with bullish technical signals adding to the gains. Crude oil had started the day moving lower, but was back trending higher by midsession, which was supportive for the vegetable oil markets in general.

  • ICE Canada Morning Comment: Canola Either Side of Steady

    WINNIPEG, Manitoba--Intercontinental Exchange canola futures were narrowly mixed Thursday morning in choppy trading. Support came from gains in the Chicago soy complex and European rapeseed. Also, tight supplies and production uncertainty continued to underpin values.

  • U.S. Corn Exports Surge

    Exports sales of U.S. corn have shot up from the previous week, fueled largely by strong sales to Mexico. In this week's export sales report, the USDA says that for the week ended Sept. 30, corn sales for the 2021-22 marketing year totaled 1.27 million metric tons. The total exceeded the expectations of grains traders surveyed by The Wall Street Journal this week, who forecast sales to total anywhere from 350,000 tons and 800,000 tons.

  • Royal Dutch Shell Warns of Hurricane Hit, Expects Cash Boost from Power Prices -- Update

    Royal Dutch Shell PLC (RDS/A) said Thursday that Hurricane Ida's impact in the Gulf of Mexico hit its operations but it expects a cash boost from high global energy prices in the third quarter. The Anglo-Dutch energy giant said Hurricane Ida is expected to cause losses of around $400 million to its adjusted earnings and cash flow from operations in the third quarter. However, Shell said it expects its cash flow from Integrated Gas operations will be boosted by "large variation margin...

  • Indian Morning Briefing: Asian Markets Mixed as U.S. Debt Ceiling Concerns Ease

    GLOBAL MARKETS DJIA 34416.99 102.32 0.30% Nasdaq 14501.91 68.08 0.47% S&P 500 4363.55 17.83 0.41% FTSE 100 6995.87 -81.23 -1.15% Nikkei Stock 27980.50 451.63 1.64% Hang Seng 24492.33 525.84 2.19% Kospi 2953.40 45.09 1.55% SGX Nifty* 17769.00 140.5 0.80%* Oct contract USD/JPY 111.46-47 +0.05% Range 111.51 111.31 EUR/USD 1.1554-57 -0.03% Range 1.1563 1.1552 CBOT Wheat Dec $7.460 per bushel Spot Gold $1,759.60/ oz -0.2% Nymex Crude $77.07- $1.86 US STOCKS.

  • ICE Canada Weekly Outlook: Canola Feeling the Energy

    WINNIPEG, Manitoba--ICE Futures canola contracts moved steadily higher over the week ended Oct. 6, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in the energy markets. "There seems to be a mindset shift occurring here, and its making canola become a pure energy play," said analyst Mike Jubinville of...

  • ICE Review: Canola Holds Onto Gains, But Well Off Highs

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger on Wednesday, but well off its highs for the session as the early buying interest subsided by the close. The nearby November contract had traded as high as C $933.50 per tonne at one point during the session, but settled nearly C $11 below that- only up 50 cents on the day at C $922.80. European rapeseed and Malaysian palm oil futures both hit fresh highs overnight, which spilled into the canola market.

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