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World soybean supplies are bearish on canola, for now
Grain Markets, Markets, Pulse markets

World soybean supplies are bearish on canola, for now

Traders get a sense that canola supplies may tighten

By
As Western Canada sits blanketed in snow, canola prices are being driven by oilseed markets elsewhere — a short-term bearish factor. Looking to this year’s upcoming production, supply-and-demand outlooks have caused divergence within the market. The U.S. Department of Agriculture (USDA) on March 9 released its world agricultural supply-and-demand estimates (WASDE), bumping up soybean ending
Western Canadian wheat bids climb as loonie falls
Grain Markets, Markets

Western Canadian wheat bids climb as loonie falls

The dollar dipped about 1-1/2 cents on the week

By
Spring wheat bids in Western Canada posted solid gains during the week ended March 3 as weakness in the Canadian dollar gave basis levels a boost. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $5-$10 per tonne across the Prairie provinces, according to price quotes from a cross-section of
CBOT oat December 2016. (chart as of Nov. 18, 2016)
Grain Markets, Markets

Drozd: Oat futures rally to a one-year high

Market Outlook: The increase might seem sudden but charts predicted upward movement

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Oat futures at the CBOT experienced a 40 per cent gain from September 13 to October 28, 2016. The December 2016 oat futures rallied $.69 per bushel (all figures U.S. funds), going from a low of $1.71 to $2.40, a one-year high. The December oat futures contract had been in a major downtrend since it
CBOT weekly nearby (chart as of Sept. 28, 2016)
Grain Markets, Markets

CBOT wheat futures slide down to a 10-year low

Downward movement comes after a very clear technical signal presented itself on the charts

By
The Chicago Board of Trade nearby wheat futures have moved $1.65 (all figures U.S. funds) per bushel lower since a reversal pattern appeared on the weekly nearby futures chart on June 10, 2016. This formation is referred to as a harami on a candlestick chart. It occurred at the height of the spring rally, indicating
Soybean meal monthly nearby. (chart as of May 25, 2016)
Grain Markets, Livestock Markets, Markets

Drozd: Two-month reversal forewarns livestock producers to higher meal prices

The meal market was technically oversold which created the opportunity for a short covering rally

By
Sometimes it just does not pay to ignore what the charts are telling you. Case in point, soybean meal futures exploded higher after a two-month reversal materialized on the monthly nearby futures chart. This reversal pattern indicated a change in trend and is illustrated in the accompanying chart. Since its development on March 31, the
John De Pape discussed the cash grain price service he is working on for the Alberta Wheat Commission during the Keystone Agricultural Producers’ General Council meeting in April.
Crops, Grain Markets, News

Cash grain price service up and running

More information is coming

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Economists agree key to a successful open grain market is, well, openness, which includes easy access to accurate market information such as cash prices. To that end the Alberta Wheat Commission (AWC) launched the first phase of its free, new web-based Crop Data and Price Reporting initiative Sept. 8. Price & Data Quotes (PDQ) aims
canola seedling
Grain Markets, Markets

U.S. production prospects drag on canola values

U.S. wheat’s corrective bounce is unlikely to stick

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ICE Futures Canada canola contracts bounced up and down within a relatively narrow range during the week ended May 14, but finished right around where they started as the uncertainty of this year’s North American crop kept some caution in the market. After waiting for a spring rally that never came, attention must now turn
canola seeding
Grain Markets, Markets

Canola trade seen remaining choppy until seeding done

U.S. corn, soy and wheat will keep trading on the weather

By
The ICE Futures Canada canola market started off the week ending May 8 with a bang, seeing gains of nearly C$10 per tonne on Monday (May 4). But that’s where the excitement ended. The following days were all pretty uneventful, with quiet activity that led to prices chopping around within a fairly narrow range. Some
Grain Markets, Markets

Canola, soy poised to become ‘weather’ markets

The U.S. avian flu outbreak could cut feed demand

By
The ICE Futures Canada canola market had an up-and-down week, with very quiet activity some days. Overall, prices were down compared to the week prior due to weakness in outside oilseed markets. Strength seen in the Canadian currency earlier in the week was also a bearish force for canola, though it started to lose some

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