As a casual hockey fan who only pays real attention once the playoffs roll around, it’s been interesting to see the sheer number of sports betting ads, and even commentary, now that gambling on the outcome of individual games is legal in Canada. There are many ways to bet on sports. While simply picking which
Betting on grain markets
Expert's Radar: The spreads become important when trying to understand market action
Canola trade’s attentions turn to thoughts of spring
Planting is already underway in U.S. fields nowhere near you
The ICE Futures canola market saw mixed activity during the week ended April 20, with the nearby May contract hitting both its highest and lowest levels of the past month as traders worked to exit the contract ahead of its expiry. The more-active deferred months were also up and down during the week, but held
Star Wars and grain markets
Expert’s Radar: Divergence from established patterns isn’t common, but it happens
“This is the way.” If you’ve watched The Mandalorian, you’ve heard the phrase many times. I can’t speak to all the Star Wars lore, but it’s an enjoyable program perhaps best described as cowboys in outer space. The central Mandalorians of the show follow their own strict honour-bound creed, centred on the armour they wear
The 30,000-foot view
A flight home from holiday provided time to ponder markets
After being repeatedly thwarted by the pandemic, I finally made it to Mexico for a family vacation recently. Hot temperatures, cool drinks, and not a thought of the commodity markets — until the flight home. Crop report There’s not much to the crop report from above 30,000 feet. Most of the southern United States looked
Price trenches remain despite weather, projected plantings
Most traders expect the Black Sea Grain Initiative to be extended
North American grain and oilseed markets were up and down during the last full week of February, holding relatively rangebound overall. News of a frost in Argentina sent soybean, corn and canola values climbing higher on Feb. 21, as crop estimates out of the drought-stricken country continue to be revised lower. However, the immediate bullish reaction quickly subsided, and most
Canola, soybean markets await any news
Oilseed values remain within general ranges
North American grain and oilseed futures were looking for direction in mid-February, with little news to pull values too far one way or the other. ICE Futures canola contracts drifted lower before recovering most of those losses, remaining rangebound overall. Soyoil futures in Chicago find themselves in a downtrend, but meal remains pointed higher and
Cattle market strength expected into springtime
Demand for feeder cattle now comes from the south, east and west
Feeder and butcher cattle moving through the rings of Manitoba’s auction yards were being met with strong demand in early February, with solid prices for most classes. “Demand is very strong, and there just aren’t enough numbers,” said Brennin Jack, manager of Heartland Livestock at Virden, adding that “fat cattle are really starting to move
Canola market’s lower end tested
China’s demand outlook remains a question mark
The lower edge of the well-established trading range for the ICE Futures canola market was tested during the last full week of January, but support was uncovered to the downside and values are rangebound for now. The nearby March contract traded as low as $791 per tonne on Jan. 25 but managed to claw back
Cattle futures seen supporting local bids
Buying interest from the U.S. hasn’t yet materialized
Feeder cattle moving through Manitoba’s auction marts saw good demand and solid prices in mid-January as activity picked up following the holiday season. “It’s very positive,” said Allan Munroe of Killarney Auction Mart, which held its first sale of 2023 on Jan. 16 with just over 1,000 head on offer. He noted there were 600-weight feeder steers nearing
Canola values remain rangebound
Values are seen as likely to stay in their trench until spring
The ICE Futures canola market remained firmly ensconced in its well-established sideways trading range as activity slowly picked up to start the New Year. The most active March canola contract has held between $800 and $900 per tonne for six months now, with little on the immediate horizon to suggest an imminent break one way
Cyber-Savvy Farmer
