Agriculture News Results

  • ICE Review: Canola Up Ahead of Updated Production Estimates

    WINNIPEG, Manitoba--The ICE Futures canola market was stronger on Monday, with chart-based speculative buying a feature as prices continued to correct off of nearby lows. Ideas that recent losses were overdone contributed to the gains, with the November contract moving well above the psychological C $850 per tonne level. Statistics Canada releases updated production estimates on Tuesday, and general expectations are for a downward revision to the already small 14.7...

  • ICE Canola Posting Solid Gains at Midday

    WINNIPEG--The ICE Futures canola market was stronger at midday Monday, correcting above major chart support. Ideas that losses posted the previous week were overdone contributed to the gains, with the November contract well off of its recently hit one-month lows. Statistics Canada releases updated production estimates on Tuesday, and general expectations are for a downward revision to the already small 14.7 million metric ton crop forecast in late-August.

  • ICE Canada Morning Comment: Canola Either Side of Steady

    Intercontinental Exchange canola futures were narrowly mixed on Monday morning, ahead of tomorrow's production report from Statistics Canada. The update should provide a better idea of how the 2021/ 22 canola harvest is shaping up, particularly with strong indications of poor yields. Although the federal agency recently pegged 2020/ 21 ending stocks above average trade guesses, they will remain tight for the foreseeable future, necessitating price rationing.

  • Indian Morning Briefing: Asian Markets Lower at Start of the Week

    GLOBAL MARKETS DJIA 34607.72 -271.66 -0.78% Nasdaq 15115.49 -132.76 -0.87% S&P 500 4458.58 -34.70 -0.77% FTSE 100 7029.20 4.99 0.07% Nikkei Stock 30349.40 -32.44 -0.11% Hang Seng 25778.80 -427.11 -1.63% Kospi 3111.35 -14.41 -0.46% SGX Nifty* 17356.50 -84 -0.48%* Sept contract USD/JPY 109.94-95 +0.04% Range 109.98 109.84 EUR/USD 1.1803-06 -0.05% Range 1.1818 1.1802 CBOT Wheat Sept $6.750 per bushel Spot Gold $1,786.32/ oz -0.1% Nymex Crude $69.66 $1.52 U.S.

  • ICE Review: Canola Firm at Close, But Well Off Highs

    WINNIPEG, Manitoba-- The ICE Futures canola market was slightly stronger at Friday`s close, but settled well off its session highs. A move higher in Chicago Board of Trade soybeans in the aftermath of the latest supply/demand estimates from the U.S. Department of Agriculture provided some underlying support for canola.

  • ICE Canola Mixed Ahead of USDA

    The ICE Futures canola market was trading to both sides of unchanged at midday Friday, with the bias to the upside in the most active months as the market saw some consolidation ahead the U.S. Department of Agriculture's monthly supply/ demand report set for release at 12:00 ET. Ideas that Thursday's selloff was overdone contributed to the firmer tone in the front months, according to participants.

  • ICE Canada Morning Comment: Front Months on Upswing

    Intercontinental Exchange canola futures saw gains in the front months on Friday morning, with declines in the deferred positions. While there was support from small gains in Chicago soybeans and soymeal, there were slight losses in soyoil. Canola was also getting spillover from higher European rapeseed, but declines in Malaysian palm oil weighed on values.

  • ICE Review: Canola Futures Drop Sharply

    WINNIPEG, Manitoba-- The ICE Futures canola market dropped sharply lower on Thursday, with long liquidation a feature as the market tested nearby chart support. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the declinesin canola. The larger-than-expected ending stocks reported by Statistics Canada on Wednesday remained a bearish influence in the background, although the poor new crop production prospects remained...

  • ICE Canola Falling at Midday Thursday

    WINNIPEG, Manitoba--The ICE Futures canola market was down sharply at midday Thursday, with speculative long- liquidation and a lack of willing buyers on the other side behind some of the weakness. With Canadian canola production expected to be down sharply on the year, end users are already showing signs of rationing demand, according to participants. Losses in the Chicago Board of Trade soy complex and a firmer tone in the Canadian dollar contributed to the weakness in canola.

  • ICE Canada Morning Comment: Canola Continues to Fall Back

    WINNIPEG--Intercontinental Exchange canola futures were lower Thursday morning, following declines in the Chicago soy complex and other edible oils. At 1.77 million tonnes, canola ending stocks for 2020-21 are the lowest since 2017, according to Statistics Canada, but well above earlier expectations. Daytime temperatures in Alberta are forecast to slip into the mid to high teens Celsius Thursday, with those in Saskatchewan and Manitoba likely to remain in the low to mid 20' s.

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