Grains continued to trade sideways to lower through the end of February as the data points that keep coming do not support a reversal of the bearish market fundamentals. The market is taking into account more crop conditions from Europe and South America, while adjusting for the new forecasts for U.S. grain supply, demand, and… Read More

Grains this morning were able to make some gains on short-covering and more weather headlines scaring the bears away. Drew Lerner of World Weather Inc. says that the longer it takes for El Nino to dissipate, the likelier that we’ll see a drier spring in western areas of the Canadian Prairies. Conversely, Lerner suggested that… Read More

Oat futures in Chicago have fallen steadily since early December, dropping to their lowest level in over five years. “They just happen to be one of the uglier (markets) at the moment, both old crop and new crop. We’ve seen oat futures collapse quite quickly,” says Lorne Boundy, oat trader with Paterson Grain. “They’ve actually been… Read More

Grains this week followed the rest of the commodity and equity space lower, despite the U.S. Dollar losing more than 1% for the second week of February. Some short covering towards the end of the week helped soybeans stay in the green, but all other grains listed on the board dropped. Canola was a notable loser… Read More

Grains this week were mostly lower as realities about supply continue to trump ideas of fresh demand. The U.S. dollar lost 2.7% for the week, which helped other commodity currencies appreciate. Weather kept to the sidelines for the most part, indicating fluctuations in currency are certain to be the theme into spring. Oil World is forecasting European… Read More

A new report commissioned by SaskCanola says there would be no net benefit to producers from implementing a component pricing system that offers premiums or discounts based on canola’s oil content. “There was some discussion a few years ago when crush margins were widening — are farmers receiving a fair amount for the canola they’re growing… Read More

Grains ended the month of January making up some gains from the tough losses that they started the year off with. Some bullish acreage and weather news helped get some of shorts in the wheat market covered, pushing the complex actually up almost 2% on the futures boards! Rounding out the complex, corn continued to… Read More

As we head into the last week of January, commodity prices started to finally rebound a bit, led by Brent and WTI crude oil jumping 11% and 6% from where they closed last Friday! This helped net-resource-exporting currencies like the Russian ruble, Australian dollar, and the Canadian dollar gain some ground to end the week in… Read More

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… Read More

The Canadian Grain Commission is moving ahead with its proposal to realign the wheat classification system for Western Canada. Two new classes will be created while three others will be eliminated on August 1st, 2016. The Canada Northern Hard Red class will be established to address concerns about lower gluten strength in some milling wheat… Read More