Latest news with #SoybeanOil
Wall Street Journal
a day ago
- Business
- Wall Street Journal
Basic Materials Roundup: Market Talk
The latest Market Talks covering Basic Materials. Published exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET. 0247 GMT – Palm oil futures fall in early Asian trade on profit-taking, tracking weaker overnight soybean oil prices on the Chicago Board of Trade and lower palm olein prices on the Dalian Commodity Exchange, AmInvestment Bank says in a note. Prices are expected to hold above MYR4,300 a ton in the near term amid slower rival soybean-oil exports and limited palm-oil supply growth relative to biodiesel demand, the Malaysian Palm Oil Council says. AmInvestment Bank expects crude palm oil futures to find support at 4,434 ringgit a ton for now and face resistance at 4,586 ringgit a ton. The Bursa Malaysia Derivatives November contract falls 38 ringgit to 4,483 ringgit a ton. (
Globe and Mail
13-08-2025
- Business
- Globe and Mail
Soybean Oil Technical Analysis
Soybean Oil Analysis The chart is key to this analysis. (ZLZ25) There are two methods we use at ONE44 to find support and resistance in the markets. The first are major Gann squares, these are the yellow horizontal lines on the chart. The second is Fibonacci retracements. December Soybean Oil has held key Fibonacci retracements on every setback since this rally started on 8/16/24. There were two setbacks that held 78.6% retracements on 12/18/24 and 3/13/25, when following the ONE44 78.6% rule we know this is where a lot of bull markets start. The next two setbacks held 38.2% retracements on 4/9/25 and 6/3/25, holding this level shows the market has a trend. The setback on 6/26/25 held 23.6% a very strong sign and was stopped on the high by the 56.93 major Gann square. The current low is on a 23.6% retracement again at 52.90. In the update below we have the swing point and what to look for above and below based on the two methods of analysis. December The setback this week is just short of 23.6% back to the 8/16/24 low at 52.90 and this will be the key level for next week. Use 52.90 as the swing point for the week. Above it, the short term target is 78.6% back to the 7/30/25 high at 56.40. The long term target is 61.8% on the continuation chart at 63.60. Before then there are two major Gann squares to look for resistance and the use as the swing point when closed above at 59.75 and 62.50. Below it, the short term target area is the 50.49 major Gann square and 38.2% back to the contract low at 50.20. The longer term target is 61.8% of the same move at 45.75. ONE44 Analytics where the analysis is concise and to the point Our goal is to not only give you actionable information, but to help you understand why we think this is happening based on pure price analysis with Fibonacci retracements, that we believe are the underlying structure of all markets and Gann squares. If you like this type of analysis and trade the Grain/Livestock futures you can become a Premium Member. You can also follow us on YouTube for more examples of how to use the Fibonacci retracements with the ONE44 rules and guidelines. Sign up for our Free newsletter here. FULL RISK DISCLOSURE: Futures trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Commission Rule 4.41(b)(1)(I) hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. Past performance is not necessarily indicative of future results.
Time of India
25-04-2025
- Business
- Time of India
Edible oil industry body demands hike in import duty of refined palm oil to protect local industry
Edible oil industry body SEA has demanded that the government should raise import duty on refined palm oil to 40 per cent from the current 32.5 per cent to protect the domestic processing industries. Solvent Extractors' Association of India (SEA) President Sanjeev Asthana has written a letter to Union Food and Cosnumer Affairs Minister Pralhad Joshi requesting him to raise import duty difference between CPO and RBD Palmolein for providing level-playing field to domestic refining industries. #Pahalgam Terrorist Attack India pulled the plug on IWT when Pakistanis are fighting over water What makes this India-Pakistan standoff more dangerous than past ones The problem of Pakistan couldn't have come at a worse time for D-St "This import of finished goods is contrary to our national interests and is seriously affecting the capacity utilisation of our palm refining industry," Asthana said, adding that the refined palmolein is cheaper by USD 50 per tonne currently. "The main reason for rise in palmolein imports is the encouragement given by exporting countries (Malaysia and Indonesia) to their industry. They have kept high export duties on CPO and low export duty on palmolein (finished prduct)," he said. GIF89a����!�,D; 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Simple Profitable Strategies That Can Make You 5K Per Day thefutureuniversity Learn More Undo Asthana urged the minister to increase RBD palmolein duty from current level of 32.5 per cent to 40 per cent. Effective September 14, 2024, the Basic Customs Duty on Crude Soybean Oil, Crude Palm Oil, and Crude Sunflower Oil has been raised from zero to 20 per cent, making the effective duty on crude oils to 27.5 per cent. Live Events Additionally, the Basic Customs Duty on Refined Palm Oil, Refined Sunflower Oil, and Refined Soybean Oil has been increased from 12.5 per cent to 32.5 per cent making the effective duty on refined oils at 35.75 per cent. India meets more than 50 per cent of its edible oil requirement through imports.
Globe and Mail
19-04-2025
- Business
- Globe and Mail
Soybean Oil calendar spread and a Robusta Coffee calendar spread
Spread Edge Capital specializes in seasonal spread trading across a wide variety of commodity markets. A spread trade is the simultaneous purchase and sale of the same commodity with different delivery dates. SpreadEdge publishes a weekly Newsletter that provides several seasonal spread trade opportunities every week. Watch List The SpreadEdge Newsletter includes a 'Watch List' of trades that meet our strict screening criteria. Included in the Watch List are the markets, commodity symbols, entry and exit dates, win %, average profit, average drawdown, best profit, worst loss, and risk level (using a 1-5 scale). All information is hypothetical and is based on the most recent 15 years of historical data. This week there are 3 trades on the Watch List planned for client and personal accounts. This article will focus on the Soybean Oil calendar spread. Disclaimer HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. Technical Analysis Soybean Oil has bounced higher by over 9% in the past 6 trading days and is now running into overhead resistance. BO has failed to break through the last 3 attempts and I expect this attempt to be no different. CTA Momentum The CTA Positioning and Momentum Score is an accurate measure of current momentum and trend-following trader positioning using a (+10 / -10 scale). Momentum and trend following traders represent a large percentage of trading and can move markets significantly higher or lower. Relative Strength is a momentum oscillator that measures the speed and change of price movements. RSI has a 0 to 100 scale. Soybean Oil has a maximum score of 10, indicating that CTAs are fully invested and have little trading capital to add to existing longs. In addition, the RSI score is 63 and amongst the strongest in the ag complex. Scores approaching 70 have a high likelihood of reversal. Hedge Fund Position Estimates Managed money hedge funds are consistently drivers of futures price changes. When hedge funds buy futures prices tend to increase and vice versa. Non-commercial and managed money hedge funds have each added around 60,000 net longs this last week and are now nearing the highest investment levels over the past 52 weeks. Spread Chart Spread Charts represent the difference between the front and back month contracts and are simply the front month price minus the back month price. Spreads that are sold profit when the price gets more negative or less positive. Spreads that are bought profit when prices get more positive or less negative. To trade Soybean Oil, I will sell the August, December calendar spread. Based on 15 years of historical data, the best entry date is Sunday, April 20 which rolls to Monday the 21 st. More Information Use coupon code 'SpreadEdge' and get the Weekly Newsletter and Daily Alerts for $1 for the first month. For a limited time, you can receive my Futures Training Videos for free with a 3-month, 6-month, or 12-month subscription. For a FREE eBook about the SpreadEdge seasonal spread strategy. The SpreadEdge Weekly Newsletter is published every weekend and provides a broad overview of the important seasonal, technical, and fundamental indicators within the Energy, Grains, Meats, Softs, Metals and Currency markets. In addition, spread trade recommendations and follow-up on open trades is also provided. For a free copy of the Weekly Newsletter, please send an email to info@ Darren Carlat SpreadEdge Capital, LLC (214) 636-3133 Darren@ Disclaimer SpreadEdge Capital, LLC is registered as a Commodity Trading Advisor with the Commodity Futures Trading Commission and is an NFA member. Past performance is not indicative of future results. Futures trading is not suitable for all investors, The risk associated with futures trading is substantial. Only risk capital should be used for these investments because you can lose more than your original investment. This is not a solicitation.
