The Canadian dollar could be settling in for some quieter time after a wild ride over the last year. In May 2015, the loonie traded at over 83 cents US. It then went for a slide, bottoming out in mid-January at around 68 cents before rallying aggressively, touching 80 cents in early May. The dollar has since retreated down to around… Read More
Category: Markets
Coming off record global production last year, world wheat supplies are massive. And yet, growing year-over-year ending stocks have not translated into a major decline in cash wheat bids for Canadian farmers.That’s mainly due to two related factors: the weak Canadian dollar and tightening Canadian supplies — a function of the weak dollar driving exports and farmers producing less wheat.The… Read More
The number of cattle on feed in Canada is continuing to grow, according to the May report from CanFax. Part of the reason numbers are climbing, senior analyst Brian Perillat explains, is more heifers are going into feedlots. “We always gauge that as an appetite for expansion and unfortunately it still looks like quite a few heifers… Read More
The grains markets got a surprising World Agricultural Supply and Demands Estimate (WASDE) report on Tuesday, as the United States Department of Agriculture (USDA) raised demand for U.S. corn and soybeans, sending the markets skyward! Oilseeds got the best of the bullish rush, with soybeans going limit-up, followed closely by canola, which touched last summer’s highs at… Read More
Canola supplies will likely be tight leading up to harvest this fall, and could be even tighter in 2017 based on StatsCan estimates, average yields and demand trends.“The market is definitely telling us supplies are not going to be as abundant as what we’ve had over the last few years, and I would say it will… Read More
The USDA sent the oilseed market soaring on Tuesday with the release of its May supply/demand report, which included the first estimates for 2016-17 ending stocks. Old and new crop soybean futures spiked more than 50 cents/bushel, with the nearby July contract hitting the daily limit of 65 cents at one point. Soymeal futures finished at… Read More
Grain markets rode the roller coaster this week as a myriad of factors played into movements across the complex. Currencies, oil prices, weather forecasts, and money flow played a part in helping the market maintain or increase elevated levels. The oilseed market had a strong finish into the close of trading for the week, as oilseeds… Read More
Retailers are enjoying this part of the beef cycle. Producers? Not so much. Cattle futures put in some new lows last week, as Anne Wasko of Gateway Livestock joins us for another Beef Market Update. With slaughter levels in the U.S. up around 10 percent for the last two weeks of April, there’s been a… Read More
Grains continued their push higher to end the month of April as a multitude of factors extended the fenceline for bulls to run along. Money flows into the commodity sector have been the biggest reason for the rally, as the commodity complex had its best one-month since 2010, beating all other asset classes (i.e. stocks,… Read More
There have been some significant rallies in the grain and oilseed market over the last week or two, but as they’ve trended higher, we’re also seeing more volatility. Soybean futures have recently rallied more than a dollar a bushel in U.S. terms and have traded in range of more than 40 cents in the last week…. Read More