Bakers Want To Limit Speculation

Small bakeries say speculators are raising food costs and urged the U.S. futures regulator to curb trading by funds and other big investors. “As bakers, we do not pretend to know the complex and sophisticated rules and practices of the commodity markets,” said the Independent Bakers Association in a letter to the Commodity Futures Trading

Delisting Western Barley Futures Not In Cards Just Yet

Although open interest in western barley futures on the ICE Canada trading platform continues to be virtually non-existent, officials with the exchange are hoping the industry will again participate in the contract and prevent the delisting of the commodity. “We are not currently considering delisting the western barley contract at this time,” said Brad Vannan,


Feeder Cattle Prices End On A New Historical High

What a differ-e nce a year makes! In December 2009 feeder cattle prices were down challenging an area of support at $90. Prices quickly bounced off the line of support, as illustrated in the accompanying chart, and by the end of December a two-month reversal materialized, which indicated prices were about to turn back up.

Western Barley Futures Contract Languishes

Open interest in western barley futures have declined to virtually zero, which would normally signal the end of the contract’s long and distinguished history is close at hand. However, officials from ICE Futures Canada are not ready to give up on the contract quite yet and are working on ways to reinvigorate it. Open interest


Canada Hog Herd Falls To Smallest In 13 Years

Canadian farmers cut back their hog herds to the smallest size in 13 years as of Oct. 1, as high feed costs and an unfavourably strong Canadian dollar puts many of them out of business. The hog inventory on Canadian farms slipped 0.8 per cent to 11.9 million head in the third quarter from a



Wheat: The Trend Is Your Friend Until The End – for Aug. 19, 2010

Wheat prices rallied over $3 per bushel in as little as six weeks on speculat ive buying and short covering. Farmers are now wondering when the rally will end. Technical analysis is very useful for determining current trends and trend changes. Some analysts rely on moving averages and others simply draw trendlines. Here is an

Livestock Producers Alerted To Hedge Meal

David drozd So y b e a n meal prices have rallied $42 per ton over the past five weeks. On June 9, technical analysis signalled traders and livestock producers alike to expect prices to turn back up. Technical analysis is the study of market movement. Its strength and popularity comes from the explicit assumption


Oat Prices Explode On A Short Covering Rally

David drozd Although the oat futures market is the most thinly traded cereal grain market in Chicago, it still provides reliable chart patterns and technical signals on when to buy and sell. Reading a chart is much like reading a road map. It tells you where prices are going to go. Let’s begin this journey

Russian Grain Producers Form Industry Lobby

Russian grain growers have formed a new lobby which aims to defend the interests of growers rather than traders, the head of the new lobby, the National Grain Producers Union (NGPU) said March 23. “The grain glut problem is very acute,” the head of the NGPU Pavel Skurikhin, who is also the chairman of major