Commodity markets range-bound as headlines, big yields get digested

Farmers have been slow to price crop and while that won’t drive prices higher, it could be playing a factor in providing a bit of a floor for crop prices, says Jon Driedger, market analyst with LeftField Commodity Research.

Markets are definitely a little ho-hum these days, he says, with most crops being range-bound. Canola may be the one crop outside of that generalization, and there are reasons for that.

Right now, every crop has its own story — some are demand driven, some weighed down by supply/demand dynamics, and others, such as canola, have big unknowns worked into pricing. In this video/podcast, Driedger covers:

• Canola prices and the Chinese anti-dumping investigation;
• Australia’s role and shifting trade flows;
• Pulses and India; and,
• Uncertainty that isn’t weather-related but people-made in the biofuel markets

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