Chasing Headlines — This Week in the Markets

by

Opinion

Grains this week were mixed as the market was chasing weather, export trade data, and harvest headlines. We ended the trading quarter this week, and oats was the biggest loser, dropping 15% over the course of it, followed by Chicago wheat (-12.8%), soybeans (-12.1%), canola (-10.6%), and corn (-10.5%). From a currency perspective, the Canadian Loonie fell 5% for the quarter, a bit better than the Australian Dollar’s almost 8% loss, while the Eurodollar actually gained 3/4s of a percent. Oilseed prices continue to be pressured by lower vegetable oil prices (and more broadly, oil prices), albeit canola has been…

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