Limited Opportunities — This Week in the Grain Markets

by

Opinion

Commodity prices continue to trade flat to lower as Chinese stock market losses continue to weigh heavy on broader markets, including commodities, forcing broader optimism for global economic growth to fade. All grain values are lower in the first few weeks of 2016 but with some notables being the front month contracts for oats below $2/bushel in Chicago, Minneapolis hard red spring wheat flopping around $5/bushel and canola trading back and forth around $480/MT in Winnipeg. This rangebound trading is all within a market that’s positioned very short, which may be limiting an aggressive short-covering opportunities. We thought that there…

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Categories: Currency Markets / Eastern Canada / Economy & Financial Markets / Features / Grain Markets / Markets / News / Opinion / United States / Western Canada

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Brennan Turner

Brennan Turner is originally from Foam Lake, SK, where his family started farming in the 1920s. After a degree from Yale and some pro hockey, he started FarmLead.com, a risk-free and transparent grain marketplace (app available for iOS & Android). His weekly column on RealAgriculture is a summary of his free, daily market note, the FarmLead Breakfast Brief. He can be reached at [email protected] or 1-855-332-7653. @FarmLead

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