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Wittal: Avoid panic-mode selling on days like this

Jan. 7 -- Outside markets were mixed to lower as the U.S. dollar rose almost half a cent today, pressuring energy and grain futures lower. Announcements out of China of an interest rate hike also impacted beans, as buyers' costs to borrow will go up, which will have a direct impact on sales going forward.[...]

Wittal: U.S. dollar limits grain buying

Dec. 15 -- A quick update today, before the markets officially close, as I am heading for the airport and my return trip to Calgary shortly. Outside markets were mostly down today with gold and financial markets leading the way lower. Gold is currently trading 90 cents lower at $1,122.54.  The U.S. dollar was trading[...]


Wittal: Lower loonie helps canola resist pressures

Dec. 18 -- Outside markets ended mixed on the week, with gold and the Dow Jones showing losses week over week, while crude oil showed gains. Gold closed up $4 at $1,110.80 today, down $8.60 this week over last week. The U.S. dollar ended up just over seven-100ths of a cent today, up 1.5 cents[...]

Wittal: Speculators' profit-taking weighs on grains

Dec. 17 -- Outside markets gave back everything they gained yesterday and then some. An aggressive U.S. dollar started a domino effect as speculators with long positions scrambled to take profits out of the markets, which helped to further feed the downward spiral. Gold ended with double-digit losses today and energies were down as well.[...]


Wittal: Grains up on last-minute spec buying

Dec. 16 -- Outside markets were definitely stronger today with gold and crude oil showing some solid gains. Financial markets were a little mixed today and currencies were down just slightly for the day. Gold closed up $13.20 at $1,135.70 today.  The U.S. dollar was trading down five-100ths of a cent today; the Canadian dollar[...]

Wittal: Consider securing some nitrogen supplies

Dec. 23 -- Outside markets were stable to up again today on very limited trading, due to most traders sneaking away for the holidays. Gold and energy stocks closed higher on the day, while the U.S. dollar index traded lower, providing support to grain futures which all ended higher on the day. Gold closed up[...]


Wittal: Barley values continue dropping

Jan. 8 -- Outside markets were rather quiet but steady to up on the day. The U.S. dollar index fell back 42-100ths of a cent today. Gold closed up $5.10 at $1,138.20, up $43 this week. The Canadian dollar rose 0.23 cents to close at US96.93 cents today, up 1.29 cents this week. The Dow[...]

Wittal: Check out canola basis levels

Dec. 30 -- Very thin trading activity was again the focus on the markets today. Gold closed down $5.50 at $1,092.50 today. The U.S. dollar index closed up eight 100ths of a cent today while the Canadian dollar closed down 1.11 cents at US94.75 cents today. The Dow Jones closed down two points at 10,485[...]


Wittal: Wheat markets lose momentum

Dec. 29 -- All markets were open today, but trading activity was rather thin again as this will be a short trading week with markets closing early Thursday and on Friday for New Year's Day. Gold closed down $10.20 at $1,197 today. The U.S. dollar index closed up a quarter of a cent today; the[...]

Wittal: Weather pushes U.S. corn higher

Dec. 11 -- Outside markets were mixed today, with gold lower and financial indicators and currencies all finishing higher. Gold closed down $6.30 at $1,119.50, down $50 for the week. The U.S. dollar was up half a cent today and up six-10ths of a cent for the week. In the energy sector, crude oil was[...]