Oat futures in Chicago have fallen steadily since early December, dropping to their lowest level in over five years. “They just happen to be one of the uglier (markets) at the moment, both old crop and new crop. We’ve seen oat futures collapse quite quickly,” says Lorne Boundy, oat trader with Paterson Grain. “They’ve actually been… Read More
Category: Markets
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
It’s another year of opportunity for barley, says the barley merchandising manager for Viterra. After declining for much of the past decade, the number of barley acres in Western Canada rose slightly in 2015 and is expected to grow again in 2016. Agriculture and Agri-Food Canada’s preliminary projection has barley acreage rising by two percent…. Read More
Cattle prices may not be where they were a year ago, but ranchers are generally still an optimistic bunch at current levels. Anne Wasko of Gateway Livestock joins us in the middle of her busy winter meeting circuit for this latest edition of the Beef Market Update. Domestically, the volatile Canadian dollar continues to play with… Read More
Grains this week were mostly lower as realities about supply continue to trump ideas of fresh demand. The U.S. dollar lost 2.7% for the week, which helped other commodity currencies appreciate. Weather kept to the sidelines for the most part, indicating fluctuations in currency are certain to be the theme into spring. Oil World is forecasting European… Read More
The winds of change have blown through Canada. No longer is Alberta on top of the Canadian economic machine. Ontario is no longer the manufacturing super power. The word ‘Conservative’ cannot be found in the name of any governing provincial party and no one is joking about the attitude of Saskatchewan. “Excellence is not a… Read More
Other Episodes: Canola School: On-board chemical storage, direct injection saves rinses and critical time at sprayingCanola School: From cotyledons to cutworms — scouting for a strong startCanola School: Keeping an eye on new clubroot pathotypes, as confirmed count reaches 55Canola School: Yield targets help to maximize crop profitabilityCanola School: Insect friends vs foes and the… 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
With planting season around the corner, markets are starting to focus on acreage expectations, looking for answers to questions like “how high will lentil acres actually be in Western Canada and the northern US?” But while there’s plenty of talk about pulses, there are also questions to be answered about 2016 wheat and canola production,… Read More
As we head into the last week of January, commodity prices started to finally rebound a bit, led by Brent and WTI crude oil jumping 11% and 6% from where they closed last Friday! This helped net-resource-exporting currencies like the Russian ruble, Australian dollar, and the Canadian dollar gain some ground to end the week in… Read More