Germany Seeks Brakes On Speculation

Germany will seek to brake outside speculation in agricultural commodities, German Farm Minister Ilse Aigner told a newspaper Jan. 17. “I am greatly concerned that the markets with their derivatives for agricultural products are increasingly developing their own independent existence,” she told the dailyHandelsblatt. “This reaches into price manipulation.” The French government the previous week

Rising Food Prices Bring Political Risks

Record food prices will hit the world’s poorest hardest, raising the risk of riots, export bans, foreign-owned farmland expropriation and further price spikes fuelled by short-term investors. The UN Food and Agriculture Organization said on Jan. 6 food prices hit a record high in December and could rise further on erratic global weather patterns. For


Canola Chart Ends Year As A Hockey Stick

Canola contracts traded on the ICE Futures Canada platform are definitely much stronger exiting 2010 than they were going into the year. Anyone making a “Top 10” list of the reasons for that strength would likely cite the adverse weather conditions across the Canadian Prairies first and foremost, but strong demand, activity in outside markets

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


Firm Demand, Tight Supply Support Canola

The ICE Futures Canada canola market hit some fresh contract highs during the week ended Dec. 10, but also ran into profit-taking that limited the upside. While market participants were still digesting the larger-than-expected production numbers put out by Statistics Canada on Dec. 3, those supplies are also being met with some pretty solid demand

Commodity Price Pressure Made In China

Canola futures on the ICE Futures Canada trading platform suffered some price weakness during the week ended Nov. 19, but were well off the lows established. The continued liquidation of long positions by nervous speculative fund account holders generated the declines. That selling was again inspired by a knee-jerk reaction to news that the Chinese


Commodity Sell-Off Has Winners And Losers

The biggest decline in commodity market value since the financial crisis of 2008 looked like funds running for the exits, but big differences in open positions between oil, grains and other commodity markets will signal which markets may still be overextended. Based on the decline in open interest – the number of contracts bought or

China’s Tight-Money Policy Drags Down Commodities

Canola futures on the ICE Futures Canada trading platform maintained an upward price trend for much of the week before the Chinese government’s decision to keep a tight monetary policy sent world currencies into a frenzy and sparked a massive speculative sell-off of commodity positions. The speculative liquidation essentially sent CBOT (Chicago Board of Trade)


Loonie’s Rise Doesn’t Slow Canola’s Climb

Canola futures at ICE Futures Canada were higher during the week ended Nov. 8, continuing the steady climb that’s been in place since the beginning of October, and going back to June in the monthly charts. While underlying concerns about the size of the Canadian canola crop remain supportive overall, the gains this week were

Commodities Lend Themselves To Single-Desk Selling

You have to admire politicians who set aside long-held beliefs when they are confronted with the reality of how the world works. Reality sets in once they arrive in government and are responsible to more than just their supporters. Good examples are former Alberta Conservative premier Peter Lougheed and Saskatchewan’s Premier Brad Wall. Both were