The Markets This Week — Soy and Corn Feel the Pressure and Durum is on Another Planet

by

Opinion

Grains started to trek higher this week as we head towards the end of the month, mostly due to international market prices picking up pace. However, by Friday, October 24th, it appeared that the rally was short-lived as the market dropped well below its monthly highs. Specifically, canola almost made it up to $420 per tonne before soybeans dropped back below $10 a bushel and news of a fire/explosion at the Louis Dreyfus crusher in Yorkton, Sask., hit the airwaves. Overall, the rally was primarily due to a poor start to the crops getting planted (South America and winter cereals…

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