Grain markets pushed through the middle of May with a little more volatility under its belt as weather conditions and geopolitical risk in Washington, D.C. and Brazil have created some additional uncertainty. The Canadian loonie gained 1.45% for the week, which should’ve pushed canola lower, but it traded sideways as delayed seeding conditions countered the… Read More
Category: Markets
Two weeks ago we were talking about higher highs and no where to go but down for the cattle market and thats exactly what we got. The market corrected over the past two weeks which could be fine long term technically. What has hurt Canadian feedyards is that the Canadian dollar has rallied over that… Read More
India’s government has taken a positive step toward resolving the uncertainty surrounding its rules for Canadian pulse crop shipments, according to Saskatchewan Pulse Growers and Pulse Canada. Technically, India has required fumigation of imports at port of origin since 2004. Canadian peas and lentils have traditionally been exempt, as India has repeatedly issued six-month waivers for crops coming… Read More
By Sean Mitchell and Dr. Alfons Weersink Wet, cool weather is raising concerns about planting delays in Ontario. With these concerns comes the possibility that, when planting resumes, producers will opt to plant soybeans in lieu of what previously would have been corn. This is due to a combination of relatively attractive soybean prices, a looming… Read More
Grain markets pushed through the second week of May with a little more volatility, but not from weather effects, rather, new data. However, the markets ended the week mostly lower as corn was the only winner, up 0.15% since last Friday thanks to ethanol gaining 1% & the usual planting premium. Conversely, soybeans lost 1%… Read More
It was a wild and crazy run for the cattle markets this week, and the weekend could be the breather that funds and feedyards need. June live cattle finished the week up 3.45 percent, even with the severe limit down drop on Friday. In the last three months June cattle are up 21.44 percent, which… Read More
Grain markets saw a wild ride to start the month of May as the week started out with big concerns about weather before cooler heads prevailed and bullish gains made earlier in the week were reined in. Oats were the big winner, up 8% since last Friday on the futures board on planting delays. Canola… Read More
On Friday, Shaun Haney was invited to be on the Free For All Panel on Agritalk, along with Chip Flory and Jim Wiesemeyer. Agritalk with Mike Adams has over 95 United States based radio affiliates and can be heard across North America on Rural Radio 147 (couple hours before RealAg Radio). The topics included US… Read More
The wheat market rallied earlier this week after parts of the U.S. hard red winter wheat crop were pummelled by nasty weather. A blanket of snow fell on ripening wheat in parts of Kansas, Colorado, Oklahoma and Nebraska. Heavy rains have also caused flooding from Oklahoma to Indiana. “There certainly is some damage in the… Read More
Grain markets ended the month of April on generally jovial terms as weather concerns (AKA premiums) are playing to the minds of the bullish speculators. For the week, oats was the biggest performer, up 5.3%, followed by Chicago’s soft red wheat market, gaining 2.55%. Corn gained 0.5% on planting concerns while soybeans fell 0.55% on the… Read More