crude oil Archives - Page 22 of 23 - Manitoba Co-operator

Are grain prices recession-proof?

January 8, 2009

DON BOUSQUET It’s Your Business For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at ww.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended Jan. 2 higher with a firm tone in the U. S. markets contributing to the gains. Canola rose back over

Cereals, Crops, News, Oilseeds

World wheat crop down five per cent in 2009

By Sybille De La Hamaide January 1, 2009

“If we have a weather problem next year in wheat, we need to remember that we don’t have a cushion to cover ourselves.” – dan basse World wheat production is likely to fall five per cent to 647 million tonnes next season, against a record 682 million tonnes harvested in 2008, due to a drop

News

Commodity traders grow weary of market swings

By Bob Burgdorfer December 18, 2008

“Everybody got run over by the bus going east. They got up only to be run over by the bus going west.” – CME TRADER GARY LARK From his desk alongside the Chicago Mercantile Exchange (CME) trading floor, Jim Brooks is seeing more ill-tempered cattle and hog traders nowadays as they cope with fast-moving markets

Cereals, News

Corn market breaks $3, could fall more

December 18, 2008

Analysis by Sam Nelson U. S. corn prices fell through the key support level of US$3 per bushel on Dec. 5 for the first time in more than two years, signalling a further weakening could be in store as the contracting global economy hurts demand. The ethanol industry is being tested financially, with crude oil

News, Oilseeds

Input costs nix next year’s profits

By Mark Weinraub December 4, 2008

After reaping bumper profits for corn and sobyean crops during the past two years, some U. S. farmers face potential losses for their 2009 crop even before they have finalized their planting strategy. Prices for corn and soybeans have tumbled so much that growers who already locked in input costs for next year’s crop when

Cereals, Oilseeds, Opinion

Grains lose allure to fund investors

By Sam Nelson November 27, 2008

The global economic turmoil that has cost banks billions of dollars in losses and slammed hedge funds has dimmed the appeal of grains as an asset class, with fundamentals for corn and wheat pointing to lower prices. Lately, supply and demand factors have been playing a greater role in determining grain prices than they did

Opinion

Crisis remakes the commodity business

By John Kemp November 27, 2008

Only the brave or the foolish would make predictions about the future amid the biggest market upheaval in three generations. But it is already clear the crisis is profoundly reshaping the commodity trading industry. The mix of intermediaries, customers and financial resources are all being substantially redrawn. So here are some tentative thoughts on how

Cereals, Crops, Grain Markets, Oilseeds

Markets still controlled by “outside” forces

November 20, 2008

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed futures at ICE Futures Canada in WinnipegWinnipeg closed the week ended Nov. 14 moderately lower as weakness in Chicago soybean and soyoil markets weighed on prices. The continued global financial instability also undermined the markets. Farmer

Cereals, News, Oilseeds

Global glut of wheat seen pressuring prices

By Sam Nelson November 20, 2008

A global glut of wheat will weigh on wheat and corn prices while tighter stocks of soybeans should provide life to the soybean market, a CME Group panel of grains analysts said Nov. 10. “There is plenty of wheat around. The world estimate is more interesting and it shows ample supplies,” said Jack Scoville, analyst

News, Oilseeds

USDA data snafu lends support, raises questions

By Sam Nelson November 6, 2008

“Having a wet planting season does create some difficulties in forecasting a lot of this information.” – Shawn McCambridge, Prudential Bache Commodities The U. S. government’s unprecedented correction of crop data on Oct. 28 gave some relief to grain markets battered by financial turmoil, but it may also have bruised the credibility of the U.

Daily Network News

U.S. grains: Chicago grain prices fall amid profit-taking and dollar rebound

U.S. livestock: Cattle fall back as inventory hits 75-year low

Farm family income gains driven by off-farm earnings: StatCan

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