Grain markets entered the month of June all in the red under some varying opinions of what the crop potential is looking like in the Northern Hemisphere. Canola ended up being the biggest loser of the week, down 3.25% as planting pace picked up in Western Canada. Chicago wheat was the 2nd-worst performer for the… Read More
Category: Markets
While Chicago wheat futures trended lower, spring wheat contracts on the Minneapolis Grain Exchange rose sharply this past week on concerns about the supply of higher quality, high protein wheat. The September contract closed on Friday at US$5.87/bu — the highest it’s been since the middle of June 2016. There are three primary factors, explains Neil… Read More
As the smell of barbecue fills the air in many neighbourhoods, this is normally the time of year when cattle market highs are well behind us. But the market moved against that trend this week, as live and feeder cattle futures, as well as cash prices, climbed higher. In this week’s edition of the Beef… Read More
Grain markets headed into the American Memorial Day long weekend with a bearish tinge as a result of some better weather. The Canadian Loonie gained 0.45% for the week on the Bank of Canada keeping interest rates unchanged at 0.5%, which pushed canola prices down 1.1% since last Friday. Oats were the winner of the… Read More
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
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