As summer begins its last hurrah and ranchers anticipate the fall run, the underlying factors of supply and demand are still supporting cattle prices. But very large, global shifts in markets and economic stability are causing all sorts of fallout for grain and oil markets — how long before those macro trends pressure cattle prices?... Read More
Category: Economy & Financial Markets
Grains this week were a bit boring as rain landing in most growing areas across North America and even Australia prompted a few estimate increases despite the lingering threat of an El Niño. Friday did bring some action as a lower U.S. dollar and some strong U.S. export sales helped pull the complex higher for... Read More
Grain trade this week was quite choppy as the usual suspects of weather, currency swings, and #harvest15 firing up being exacerbated by the closing of the month of July (meaning funds and other speculators may have looked to clean up their books a bit). Monday might’ve been the worst as front-month contracts for soybeans and... Read More
Grain prices were all higher this week and ended with a WASDE report on Friday that the market read as bullish, even though the numbers didn’t fully imply that. Does the market just not believe the numbers, or perhaps it feels more cuts are on the way? Either way, weather is creating fairly volatile trading... Read More
Grain prices started falling back this week as moisture finally hit some areas of Western Canada and reported decent conditions of already-planted crops in the Midwest. There are, however, a significant amount of soybean acres that still have not been planted in major states like Missouri, Illinois, and Iowa because of persistent wet conditions. Ultimately,... Read More
What a week! A big USDA report; end of the month; end of the quarter; shortened trading week because of the Easter holiday long weekend...if you wanted to see how markets can trade high and low, and all in the same day, this was the week. Corn and oats got the worst of it, both... Read More
While most analysts agree that from a technical standpoint, corn and wheat appear to have more upside potential than soybeans, wheat was the grain this week that tumbled like a baby giraffe out of the womb, dropping its most since September. Overall, growing conditions are generally favourable in the northern hemisphere as, now that we’re... Read More
Growth in the U.S. economy and the export opportunities that come with it are expected to offset some of the impact of low oil prices on the Canadian economy. The coinciding weaker Canadian dollar won’t hurt exports either, notes the chief economist with the Conference Board of Canada. “This is a good time if you’re... Read More
Grains, for the most part, closed out the shortened trading week well below their mid-week highs as U.S. dollar-traded commodities faltered on the strong greenback. Canola bucked the trend, ending the week slightly higher as export and domestic demand continues to remain strong. Labour issues featured as the soup du jour though for the week... Read More
Grains ended this week with not a whole bunch for the bears or bulls to love for this Valentine’s Day weekend. All prices ended Friday higher with wheat being the big winner on the day, as the market looked at some easing of geopolitical risk in Europe as positive. While there’s discussions of a ceasefire... Read More