One week after Donald Trump was voted in as the next President of the United States of America, the U.S. Dollar hit a 14-year high and surprisingly, commodities didn’t tank. After a volatile election and W.A.S.D.E. week, all grains ended up for the week, led by oats which gained 2.8% since last Friday. Corn was… Read More
Category: Markets
The US cattle on feed report came out this afternoon. As feeders, ranchers and long traders are looking for reasons for a higher market next the week of November 21st, this report will leave them with limited answers on market direction. Read the USDA Report Anne Wasko describes the report: Today’s U.S. Cattle on Feed report… Read More
Donald Trump won’t be president for another two months. He has yet to implement — or even clearly define — any policy or spending changes. And yet the U.S. dollar index has shot to its highest level in 13 years. Sentiment in many markets has certainly changed since dropping sharply on election night, even if the… Read More
Grains this week took a rollercoaster ride as volatility was the name of the game, between the U.S. election, the U.S.D.A.’s November W.A.S.D.E. report, and some better Harvest 2016 weather. Trading ranges maxed out this week as things see-sawed from Tuesday night through Friday morning. Soybeans ended up down 0.3% from last Friday, oats lost… Read More
With the election of Donald Trump this week, Canadians have reacted with comments falling into predictable camps. Like all people in society, Trudeau and Trump both have strengths and weaknesses and our view of their characteristics can follow party lines. Liberals brag that Canada has a “decent,” compassionate leader that believes in climate change, equality, immigration,… Read More
In the last month, live cattle prices have finally stabilized and it’s welcome relief for everyone in the cattle business. Fundamentally, what is supporting this stability? According to Anne Wasko, with Gateway Livestock, there are tighter cattle supplies, cattle feeders are current, carcass weights are lower than a year ago for the first time since… Read More
Grain prices entered November still above where they’ve been the past couple of months but pulled back from their October highs due to some weather premiums getting erased, farmer sales, and profit-taking on the futures board. Ultimately, with harvest starting back up in many places, bullish attitudes have softened and those who have been rolling… Read More
Live cattle cash prices have been in the 2016-version of free fall, and many producers have been challenged trying to understand why prices at the grocery stores have not followed suit. As demand concerns rise, speculation is that beef prices in Canada must eventually fall to increase sales at the meat counter. In this week’s… Read More
Grain markets continued their march higher towards the end of October, with nothing spooking the funds from continuing to push the complex up. For the week, soybeans and corn each pushed above their 100-day moving averages but ended up only gaining 2% and 0.75% respectively for the week. Wheat was the loser for the week,… Read More
Ontario corn production is down this year due to the drought, but that doesn’t mean there will be a shortage of corn, says Peter Archer. Despite the dry summer, there are some respectable yields being reported in both the western side of the province and in the Ottawa Valley in the east, notes Archer (@maizingpete), who farms in the… Read More