ICE canola futures follow soyoil higher
WINNIPEG, Manitoba, Aug 21 (Reuters) - ICE canola futures jumped on surging soyoil values on Thursday.
• November canola RSX5 settled up $14.20 at $663.30 per metric ton. January RSF6 rose $14.20 to $674.40.
• Canada's federal agriculture minister and other senior federal politicians met with Saskatchewan's premier and the leadership of Canada's canola industry to discuss China's 75.8% duties on Canada's canola seed.
• Canada's ability to make a deal with China is complicated with its need to deal with Canada-U.S. trade tensions, federal agriculture minister Heath MacDonald said. "It's an integrating web between the three countries," MacDonald told Reuters. However, there are hopes that a Canada-China working group meeting next week can help resolve the trade impasse.
• Chicago Board of Trade soyoil futures BOv1 rose 4.7% on the details from the U.S.-European Union trade deal, which might allow more soyoil imports to the trading bloc.
• Rumours of U.S. Environmental Protection Agency small refinery blending rules being announced on Friday also encourage some soyoil bulls to buy.
• Euronext rapeseed futures COMc1 rose 1.01%.
• Malaysian palm oil futures FCPOc3 fell 0.75%. POI/
• The Canadian dollar CAD= fell. CAD/
Related Articles
How Is the U.S. Accumulating Bitcoin — and Why Is the Market Watching So Closely?
In short, the form of U.S. Bitcoin accumulation is a powerful policy language. A direct purchase strategy could trigger a seismic shift in global finance, while a passive approach would reinforce the status quo. For investors, understanding how the U.S. acts is more important than whether it acts at
[Reuters Analysis] Powell's last Jackson Hole speech could pack a punch: McGeever
By Jamie McGeever ORLANDO, Florida, Aug 20 (Reuters) - Financial markets are taking in a collective breath ahead of Jerome Powell's eighth and final keynote Jackson Hole speech as Federal Reserve Chair. If the moves following his last seven are any guide, investors buckle up for a bumpy ride....
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
