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Wittal: Canadian dollar slips, nudges canola upward

Jan. 19 -- With U.S. markets back in business, things seemed to get off to a more positive start as gold, crude oil and financial indexes led the way and closed out the day with gains across the board. U.S. grains were lower, as the U.S. dollar index rose slightly. Also, inventories are not dropping[...]

Wittal: Canola market awaits S. American bean crop

Jan. 21 -- The U.S. dollar continued to climb another full cent today, which again had negative impact on gold, crude oil and financial markets. The Canadian dollar ended lower in response to the strong rise in the U.S. dollar, but it was only down a quarter of a cent.  Corn and beans were up[...]


Wittal: U.S. greenback jumps, U.S. grains drop

Jan. 20 -- The big surprise today was the unexpected, aggressive move by the U.S. dollar to jump more than a full cent in trading today, which shocked markets and took a bit of a toll across all markets. This in turn sent the Canadian dollar lower by 1.5 cents today. Gold, crude oil and[...]

Wittal: No news is bad news in grains

Jan. 15 -- Outside markets were all lower today with gold, crude oil and financial indicators all taking some rather hard hits to finish off the week. This, along with continued speculative selling pressure, pushed grains lower on the day and the week The U.S. dollar index climbed 44-100ths of a cent today. Gold closed[...]


Wittal: Fundamentals pressure grain futures

Jan. 26 -- Overall markets were rather quiet again today, which resulted in small losses across the board. The U.S. dollar ended slightly higher on the day, while crude oil and financial indicators were down slightly. Grains were all lower on the day as technical selling became the focus. Fundamental pressures (world inventories) continued to[...]

Wittal: Export numbers drive non-commercial selling

Jan. 14 -- Outside markets were steady to up, with gold and financial indicators all up slightly. Crude oil was down again today, as were the grains in the U.S. and Canada, mainly due to lower-than-targeted weekly sales and export numbers that did nothing to inspire confidence in the trade today. The U.S. dollar index[...]


Wittal: Review strategies in light of USDA data

Jan. 13 -- Outside markets showed some rebound today with gold and financial indicators up slightly. Crude oil was down again today and grains were mixed, with corn down and wheat and beans up modestly. The U.S. dollar index fell 11-100ths of a cent today, while gold closed up $7.50 at $1,136.40. The Canadian dollar[...]

Wittal: Thanks and good luck this year

Jan. 29 -- Outside markets were neutral to down today on limited trading activity and the fact that the weekend is upon us. Most of the trade in grains was due to funds continuing to roll out of January contracts into March or May contracts. Other speculative traders were taking short positions in anticipation of[...]


Wittal: Traders get in position ahead of USDA report

Jan. 11 -- Outside markets were active today, with gold and financial indicators up while the U.S. dollar and crude oil were down on the day. Grains were active in advance of the U.S. Department of Agriculture's report coming out tomorrow. The USDA report will include the annual crop production report, supply and demand reports[...]

Wittal: Lentils may have peaked

Jan. 28 -- The U.S. dollar pushed a little higher again today, and outside markets were neutral to down slightly. Export sales and shipment numbers were above the weekly targets for all three grains, which helped to support grain futures today.  Short-covering was the main reason for the positive support in the grains, and it's[...]