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Wittal: Farmer selling pressures canola

Dec. 7 -- Gold dropped today, which may be the beginning of a retracement after the recent multi-week surge to all-time highs. The U.S. dollar fell 15/100ths of a cent today. Financial markets were down with no real economic news to stimulate anything; energy markets were mixed with crude down and natural gas up today.[...]

Wittal: Colder weather may boost feed demand

Dec. 4 -- Gold dropped hard and the U.S. dollar jumped up over 1.175 cents today. Financial markets were mixed while energy markets were down today. Grains came under pressure from the rising U.S. dollar and ended with losses across the board both for the day and for the week. Canola followed beans lower to[...]


Wittal: Speculators moving to sidelines

Dec. 2 -- Outside markets were mixed today, with gold continuing to climb while financial and energy markets ended with losses on the day as the U.S. dollar rose a quarter of a cent. Grains showed losses across the board as profit-taking was the focus of the day. Gold closed up $12.80 at $1,212.50. The[...]

Wittal: Market corrections expected for holidays

Dec. 1 -- Outside markets showed good strength, with gold reaching new all-time highs and the Dow Jones hitting its highest level so far for 2009. The U.S. dollar continued to drop, which helped spur buying of commodities. Grains followed the momentum, but that soon stalled out and sent things back down, with some grains[...]


Wittal: Speculators return as U.S. dollar slips

Nov. 25 -- Markets were buoyed by the continued surge in gold values and the drop in the U.S. dollar. This was enough to embolden speculators to re-enter the markets ahead of the U.S. Thanksgiving holiday and take positions in anticipation of further drops in the U.S. dollar over the next few weeks. The U.S.[...]

Wittal: Dos and don'ts of selling off-grade canola

Dec. 31 -- Outside markets are steady today and this is spurring some year-end buying in the grains. Gold closed up $3.70 at $1,095.20 today, down $8.90 from last week's close. The U.S. dollar index closed unchanged today; the Canadian dollar, meanwhile, closed up 0.87 cents at US95.62 today, up 0.34 cents from last week.[...]


Wittal: Markets await USDA production reports Thursday

Reports this week will be short and to the point as I am on a beach in Ixtapa and have limited Internet resources to do much for research beyond the basics, plus I want to get back to the sun and sand and cerveza as fast as possible. I will be back in my office[...]

Wittal: Long-term investors eyeing U.S. grains

Dec. 14 -- Outside markets showed some rebound today with news that Dubai World has been able to secure some short-term financing to pay down some of its staggering debt. Gold closed up $3.90 at $1,123.40 today. The U.S. dollar was down two-10ths of a cent today. The Canadian dollar finished down 0.94 cents, closing[...]


Wittal: StatsCan sees more canola, wheat

Dec. 3 -- Financial and energy markets were mixed today. Gold continues to climb slow and steady, and the U.S. dollar dropped slightly. Grains showed mixed results, as beans posted gains on the day primarily due to speculative interest, while corn and wheat ended with losses as there was very limited trade happening today, which[...]

Wittal: USDA South American figures higher than expected

December 10, 2009 Market UpdateOutside markets rebounded a little today while grains were mixed after a lacklustre USDA crop production report. Financial markets finished up slightly with gold up $5.30 to close at $1125.80.  The U.S. dollar was basically unchanged today and the energy sector was mixed with crude down and natural gas up slightly. [...]