Losing weight and exercising more are common New Year’s resolutions, with many people looking to improve their fitness after the excesses of the holidays. It’s rare for those grand ideas to hold up though, as treadmills gather dust and gym memberships go unused. The agricultural futures markets had their ups and downs in 2023, with
Will canola find its resolve?
Expert's Radar: It seemed like grain prices were on a diet for much of 2023
Prairie spring wheat bids start year on a soft note
The Canadian dollar again weakened relative to the greenback
Spring wheat bids in Western Canada moved lower during the first week of 2024, as losses in the United States futures more than countered the supportive influence of a weaker Canadian dollar.
CBOT weekly outlook: Soybeans, grains looking bearish to start 2024
Corn consistently below moving averages a bearish sign says analyst
Soybean, corn and wheat futures all came under pressure to start 2024, with the path of least resistance pointing lower still despite the potential for some end-user bargain hunting.
Warmer winter likely across Canada
High probability of warm spring to follow, long-range forecast shows
Warmer than normal temperatures are expected across all of Canada through the winter months, with average precipitation for most of the agricultural areas of the Prairies, according to the latest long-range seasonal forecast from Environment and Climate Change Canada, released Dec. 31.
Funds holding large net short in canola heading into 2024
Corn traders were covering shorts and putting on some new longs as New Year rolled in
The net short position in canola futures was sitting near its largest levels on record to end 2023, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Baseball hype a case study for markets
Expert's Radar: Sometimes it’s too easy to be swept away in market excitement
For one brief shining moment, the best two-way baseball player in generations and most sought-after free agent this offseason, Shohei Ohtani, was definitely coming to play in Canada for the Toronto Blue Jays. All the signs were there: a private jet was flying from Los Angeles to Toronto; an upscale sushi restaurant was booked for
Rising loonie and weaker futures weigh on spring wheat bids
The Canadian dollar strengthened relative to its United States counterpart
Spring wheat bids in Western Canada were mostly lower during the week ended Dec. 21, as strength in the Canadian dollar and losses in the United States futures weighed on values.
More local barley destined for rations, but U.S. corn still moving
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
Recently revised supply/demand tables from Agriculture and Agri-Food Canada raised the forecast for domestic barley usage in the current crop year to 6.155 million tonnes. That compares with an earlier forecast of 5.471 million tonnes. If realized, that would be up by roughly 200,000 tonnes from the previous year.
Bearish factors weigh on canola market
Larger production, higher expected carryout and even the charts are dragging down the yellow crop
The ICE Futures canola market was hard pressed to see room to the upside as it headed into the end of 2023, with relatively comfortable supplies and generally bearish technical signals overhanging the market. The March contract has lost roughly $50 per tonne since the beginning of December, trading at levels not seen since June.
Good quality Canadian malt barley despite lower yields
CDC Copeland acres declined, with AAC Synergy the most popular malting variety
Hot and dry growing conditions cut into barley yields in Western Canada in 2023 but the quality was generally good, according to the yearly annual harvest report on barley quality from the Canadian Grain Commission (CGC).
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