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... Read More
Category: Markets
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... 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... 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... Read More
Grains shot out of the cannon this week as heavy trading volumes propelled markets to new multi-month highs. Soybeans led the charge, thanks to concerns over the size of the Argentinian harvest. With soybean markets rallying well above the $10/bushel handle, profits were taken and the complex settled below the coveted double-digit level before weekend... Read More
There will be more pulses (surprise!), barley, corn and durum planted on Canadian farms in 2016, according to StatsCan's acreage estimates published on Thursday. The canola acreage number was likely the largest surprise in the report, coming in below trade expectations at 19.3 million acres, down from 20.1 million in 2015. (see numbers below) "I... Read More
Cattle feeding does take a true cast iron gut at times. Whether it is dollar exchange, feed costs or external political factors, the volatility in all the profit and loss variables is enough to drive you mad. In this weeks Beef Market Update Anne Wasko and Shaun Haney discuss the beef markets and how the... Read More
Grains this week were mixed as the USDA’s April WASDE report was published, and seeding starting in multiple areas across North America. Favourable weather conditions on the north half of the equator are competing with less favourable conditions in South America, which is why corn and soybeans ended the week up over 4% each (it... Read More