The Minneapolis Grain Exchange shattered its daily trade volume record on Tuesday, as traders responded to dry conditions and lower-than-expected crop ratings for U.S. spring wheat. MGEX reported 33,453 contracts traded on Tuesday — a 23 percent increase over its previous record of just over 27,000 in a day. The September spring wheat futures contract... Read More
Category: Markets
Grain markets saw a nice pop this week as 2017/18 crop production concerns helped create some bullish buzz. Corn and spring wheat were the biggest winners of the week, both gaining 4.1% since last Friday, followed by Chicago wheat, up 3.85%. Canola wasn’t far behind, gaining more than 3% for the week, along with oats,... Read More
Soybean futures have dropped to 14-month lows and corn is seemingly unable to break through a brick wall at $3.96/bu. The bears are seemingly winning over the bulls and their weather concerns. Soybeans broke lower last week from the Brazilian currency tanking with the JBS corruption scandal, which made Brazilian beans cheaper for foreign buyers... Read More
Grain markets entered the month of June all in the red under some varying opinions of what the crop potential is looking like in the Northern Hemisphere. Canola ended up being the biggest loser of the week, down 3.25% as planting pace picked up in Western Canada. Chicago wheat was the 2nd-worst performer for the... Read More
While Chicago wheat futures trended lower, spring wheat contracts on the Minneapolis Grain Exchange rose sharply this past week on concerns about the supply of higher quality, high protein wheat. The September contract closed on Friday at US$5.87/bu — the highest it's been since the middle of June 2016. There are three primary factors, explains... Read More
As the smell of barbecue fills the air in many neighbourhoods, this is normally the time of year when cattle market highs are well behind us. But the market moved against that trend this week, as live and feeder cattle futures, as well as cash prices, climbed higher. In this week's edition of the Beef... Read More
Grain markets headed into the American Memorial Day long weekend with a bearish tinge as a result of some better weather. The Canadian Loonie gained 0.45% for the week on the Bank of Canada keeping interest rates unchanged at 0.5%, which pushed canola prices down 1.1% since last Friday. Oats were the winner of the... Read More
Grain markets pushed through the middle of May with a little more volatility under its belt as weather conditions and geopolitical risk in Washington, D.C. and Brazil have created some additional uncertainty. The Canadian loonie gained 1.45% for the week, which should’ve pushed canola lower, but it traded sideways as delayed seeding conditions countered the... Read More
Two weeks ago we were talking about higher highs and no where to go but down for the cattle market and thats exactly what we got. The market corrected over the past two weeks which could be fine long term technically. What has hurt Canadian feedyards is that the Canadian dollar has rallied over that... Read More
India's government has taken a positive step toward resolving the uncertainty surrounding its rules for Canadian pulse crop shipments, according to Saskatchewan Pulse Growers and Pulse Canada. Technically, India has required fumigation of imports at port of origin since 2004. Canadian peas and lentils have traditionally been exempt, as India has repeatedly issued six-month waivers... Read More