Grains blew through the first week of August like a night owl, trading well overnight before collapsing during most daylight hours. For once, wheat was the big winner of the week, up more than 2% on concerns over the crop coming off in Europe and substitution away from corn for feed demand pretty much all… Read More
Category: Markets
Another growing season month is completed and there’s just about as many questions out there on the crop as there was at the beginning of the season. As usual, volatility ensues and this past week was no different, but mostly to the downside as any charges made by the bulls was quickly put to bed… Read More
Grains had another red-banner week…red being the colour that grain markets were wearing basically all week as weather risk premium and fund selling continued to plague the bulls. Rains from last weekend through next week are massively discounting the threat of high heat and high humidity being felt by those in major grain-growing regions across… Read More
With fat cattle prices in Alberta $40 lower than they were a year ago, the view from where the cattle feeders will be sitting come this fall’s sale season will look different than it did in 2015. “Estimated losses in July for cattle finishing in Alberta on a spot-to-spot basis are about $350 to the… Read More
Grain markets this week stepped up the plate, took a swing on some expected weather forecasts and new demand numbers from the U.S.D.A. on Tuesday July 12th, and hit one out of the park. However, the play was reviewed, and with updated weather information, the home run was called back and things ended up lower… Read More
As we enter the second half of the 2016 calendar year, the second quarter (April to June) could be easily characterized as the fund-rally that brought farmers profits. The commodity space in general enjoyed its best quarterly performance since 2010, outperforming every other asset class, and that’s exactly the reason that we saw money managers pile into… Read More
There’s been no shortage of information for grain markets to digest this week, with Statistics Canada issuing its first acreage estimates since this year’s crop was seeded on Wednesday and the USDA publishing its latest acreage and stocks projections on Thursday. The StatsCan report affirmed the potential for a huge lentil crop on the prairies. Canola… Read More
There were no major surprises as Statistics Canada issued an updated set of acreage estimates on Wednesday morning, ahead of the USDA’s crop reports on Thursday. Lentils and canola both saw significant increases, while cereal crop acres dipped. The report was based on a survey of 24,500 farms between May 27 and June 12, 2016…. Read More
Grain markets had one of their worst weeks in the last couple of years as everything from better weather to updated production estimates to geopolitical risk erased most of the premiums we’ve seen over the past two months. We’ve been saying for the past few weeks in our commentary (both on here and our daily Breakfast Brief)… Read More
The United Kingdom voted and the markets reacted. If you are a political or economics junkie, it was must-watch coverage of the BREXIT vote night. United Kingdom voters decided by a slight majority to leave the European Union. As one would expect, with “leave” or “stay”, the markets would react. The Pound Sterling rocked lower through the… Read More