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
Category: Markets
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
The Canada Pension Plan Investment Board was the winning bidder as Switzerland-based commodities giant Glencore sought to sell a chunk of its agricultural assets, including grain company Viterra. The CPPIB and Glencore announced last week they have reached a deal that will see the CPPIB pay $2.5 billion for a 40 percent stake in Glencore's... Read More
The grain market had its eyes on weather reports for the first full week of April while taking a second peek at the U.S.D.A.’s stocks and prospective planting numbers from last week. Profit-taking in palm oil markets in Malaysia has pressured soybeans a bit, while canola has maintained near-January levels as the Canadian Loonie has... Read More
The grain markets ended the month of March with fanfare on the backs of the U.S.D.A.’s March 31st stocks and acreage report and China switching up some policy. Beijing decided to scrap its minimum support prices for corn, pushing domestic corn prices immediately down to 5-year lows as the domestic price needs to gap down... Read More