Markets move up and down on news, anticipation and results. The currency market has some somewhat predictable drivers of the value of a given country's currency. This past week, the United States Federal Reserve raised interest rates 0.25% and the impact in the Canadian Dollar value against the US dollar was a head scratcher. Although... Read More
Category: Markets
Grain markets cruised through the St. Patrick’s Day week with not a whole lot of luck as a pot of mostly bearish news was found by the time the green beer started to get poured. Oats and corn were the only grains to celebrate the week in the green, up 1.6% and 0.95% respectively, with... Read More
President Trump’s U.S.-first biofuel policy could be bullish for Canadian canola demand, according to the president of Chicago-based Ag Resource Company. As Dan Basse explains in this market-themed Canola School episode, the United States imported about two million tonnes of B100 biodiesel from Argentina last year, offering a dollar/gallon tax credit for it. “A lot... Read More
Grains finished the first full week of March on a lower note, mainly due to a stronger U.S. Dollar and a relatively bearish WASDE report from the USDA on Thursday. Oats was the only real winner of the week, up 2.15%, whereas as soyoil was the biggest loser, down 5.5% since last Friday as WTI... Read More
We all have our favourite months of the year. For some people, it's December due to Christmas, or it could be April, because the cropping season begins, but right now the most critical month for cattle producers is March. It seems that many cattle analysts believe March may end up being a bit more bearish... Read More
Record production and big supplies continue to weigh on grain markets, and yet, corn and soybean futures have remained relatively strong, and even trended higher, since fall. "There's definitely been a shift in the narrative, from an outside fund, speculative money perspective," explains Jon Driedger of FarmLink Marketing Solutions in this market conversation. Driedger joined... Read More
As we entered the month of March, grain markets ate up a lot of volatility on U.S. ethanol policy rumours, a stronger U.S. Dollar, and logistics issues in Brazil. Soyoil and canola were the big winners of the week, gaining 5.4% and 3.5% respectively, while corn fared pretty well too, up 2.7% since last Friday’s... Read More
U.S. farmers grew a record soybean crop in 2016, South American farmers are harvesting a record crop, and big soybean acres are expected in North America in 2017, yet somehow soybean prices have remained relatively strong to start 2017. "We're about a buck a bushel above where we were at the fall lows, which is... Read More
Grains this week trended slightly lower as concerns over crop potential and slowing sales muted any bullish headlines coming from new USDA acreage reports. Canola and oats were down 0.45% and 0.5% respectively compared to a week ago while corn and wheat lost 1.1% and 1.7% each. The soybean complex took the biggest hit though,... Read More
With unharvested crop still in the field and saturated soils in many areas, some helpful weather could be on the way for Western Canada this spring, says Drew Lerner of World Weather Inc. "The spring bias is tilted toward a little less precipitation and a slight warmer bias," he says in the video below, filmed... Read More