Economic Jitters, Harvest Pace Weigh On Grains

Canola futures on the ICE Futures Canada trading platform suffered a serious price setback during the week ended Sept. 23. Global macroeconomic concerns combined with an aggressive harvest pace on the Canadian Prairies to send values down sharply. All the canola contracts lost at least $20 per tonne each. The penetrat ion of support in



Bearish Sentiments, Weather Drag On Canola

Canola futures on the ICE Futures Canada trading platform suffered a minor setback during the week ended Aug. 5 with the downtrend in the Chicago Board of Trade (CBOT) soybean complex and the liquidation of positions by speculators and commodity funds who were spooked by the uncertain global economic situation, behind the bearish price sentiment.

Risk-Averse Investors Ignore Weather Signals

Old-crop canola con-t racts on the ICE Futures Canada trading platform took it on the chin during the week ended April 15, suffering larger losses than the new-crop months. The complete lack of buying interest resulted in the nearby May and July canola futures suffering some significant declines. Steady elevator company hedge selling, prompted by

Brazil Turns And Backs French Commodity Proposal

Brazil has come around to back France’s proposal for increased regulation of commodity markets which have bumped food prices to record highs this year, the agricultural giant’s farm minister said April 7. France is seeking the support of the G20 group of wealthy and developing economies for a series of reforms intended to help stabilize


Money Flows Into Commodity Markets

NEW YORK/REUTERS Investors plowed more than $4 billion into commodity-based products and mutual funds in February, the most in nine months, favouring agricultural markets, silver and broad index funds, Lipper data showed March 17. Inflows to U.S.-regulated “commodity products” rebounded to $4.05 billion last month, up from just $38 million in January, according to data

Bank Of Canada Wary Of Commodity Market Reform

World leaders should proceed with caution in efforts to crack down on speculation in commodity markets and must first understand what is causing prices to rise, the Bank of Canada said Feb. 10. French President Nicolas Sarkozy, who is chairing the G20 this year, has put reform of the commodity derivatives market near the top

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


Analyst Says Fertilizer Prices Have Likely Peaked

Rising grain and commodity prices are boosting fertilizer demand. “With prices for corn, soybeans, wheat, and canola all going higher, guys have been more apt to buy fertilizer, and we should see more of it on the land this year,” said David Asbridge, president and senior economist with NPK Fertilizer Advisory Service in St. Louis.

Funds’ Commodity Holdings Could Hit $500 Billion

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years ago. Investors