A lot of focus in the market last week was on the wheat market as warm weather from Kiev to Kansas is pushing fall-seeded crops out of dormancy much earlier than usual. After last week’s best weekly gain for wheat since October, investors’ focus will now turn to weather forecasts and the stocks and acreage… Read More
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Grains started the month of March fairly hot, trying to rebound from its end of February, with more liquidity being added to the market and more bulls coming to the table on weather concerns. Nonetheless, given the size of the short position that managed money is holding on the futures board, there are some fundamentals… Read More
When I went to make supper last week, a new label on a product we’ve bought for years caught my attention. The Non-GMO Project Verified label – a label that has been popping up on all kinds of products – was hard to miss. I couldn’t help but review the entire package for claims and… 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 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
Grain prices today are okay (thanks to the weak Canadian dollar). Crop yields last year were decent. Livestock prices are not what they were, but they’re not in the tank. Supply management looks to be secure for the time being. The Wheat Board is gone. COOL has been repealed. We don’t have a grain transportation… Read More
Alberta’s Crop Sector Working Group (CSWG) is encouraging farmers, ranchers and their employees to participate in an online survey surrounding Bill 6, the Enhanced Protection for Farm and Ranch Workers Act. “The survey is designed to acquire productive, on-farm feedback relating to Bill 6,” said Kent Erickson, chairman of the Alberta Wheat Commission, in a release. “Sufficient… Read More
Markets across the board started 2016 a little rough as fresh Chinese economic concerns continue to show contraction which led to not one, but two halts to trading in their stock markets this week! While the Chinese government moved to support the market immediately by flooding it with fresh capital, the broader market still isn’t… Read More
2015 hasn’t necessarily been a great year for grains complex, let alone anyone who works in the commodity sector. The most watched fall from grace came in the form of oil prices continuing to be pushed lower by sustained production highs by the likes of O.P.E.C. and the U.S.A., who also just recently announced they’re… Read More
Grain prices have swayed back and forth this week thanks to some aggressive reactions to the U.S. Federal Reserve’s interest rate increase on Wednesday, as well as a little short-covering, and (barely) bullish weather concerns out of Brazil. Most of the complex ended the week lower though than it started, with oats being the biggest… Read More
Despite large protests calling on the province to delay or drop the legislation, the Alberta government passed Bill 6, the Enhanced Protection for Farm and Ranch Workers Act, on Thursday. The legislation passed third reading with 44-29 vote after government house leader Brian Mason invoked closure to limit debate. With mixed messages coming from government… Read More
While grains ended the month of November with little fanfare, the first trading week of December proved to have some push to the upside despite a number of reports that didn’t really change any fundamentals. Soyoil led the complex with a 10.5% gain for the week, which helped support canola prices (+2.25% for the week)… Read More
Grains continue to trade a bit sideways to higher as buyers went out into the market to find some supply with “let’s bring some stuff in” attitude earlier in the week but things pulled back later on. The oilseed complex is being supported by solid US soybean sales and oil prices heading higher. With some… Read More
Grain prices this week flopped around a bit as the market dealt with some currency moves. Relatively decent harvest weather has greeted western Canada and, though dryness concerns are still hitting other parts of the world, it’s time to turn the bushel number counter on for corn and beans across the U.S. and eastern Canada. The Black… Read More
Grains this week were relatively mixed as a combination of various weather forecasts and new production reports had the trade flip-flopping all over the place. Corn and soybeans were lower with good growing conditions and South American planting starting up. The strength of the U.S. dollar has been waning a bit as expectations were confirmed… Read More