Crops briefs March 8

Record U.S. corn crop to cool red-hot prices washington / reuters U.S. farmers will harvest a record corn crop this year, which will rebuild stockpiles and bring down prices, a University of Missouri think-tank projected in a report March 5 that came in 2.5 per cent lower than the most recent U.S. government projections. The

Open interest tiny amid CWB doubts, timing

After nearly four weeks of trading, open interest is tiny in the new milling wheat, barley and durum futures and options contracts offered by ICE Futures Canada. “I don’t think it’s fair to say we were looking for a lot of liquidity at this point in time with the contracts,” said Brad Vannan, president and


It’s today’s price, not the future price

Stirling Moss, a famous racing driver of the 1950s, once said that the male of the human species will admit to not being good at just about anything except being a good driver or a good lover. If we are talking about some of the grain farmer subspecies, we might add a third skill, that

Cattle prices start 2012 at a new historical high

Live cattle and feeder cattle rallied to a new historical high last week. In reaching $150, feeder cattle prices achieved a technical measurement derived from a rectangle pattern. Rectangles, or box formations as they are sometimes called, are found frequently on futures price charts. Most of the time, they are continuation, or sideways consolidation patterns,


How Euro zone uncertainty affects wheat markets

Charting and technical analysis may be likened to reading a price road map where patterns form on the chart representing the road signs. If one is going to undertake a study of charts, it is imperative to learn the signs and their implications for prices. Classic formations, once identified, will point the way, signal caution,

No Money, No Sale, Says MBP Resolution

co-operator staff / Brandon Three resolutions aimed at protecting ranchers in the event of a dealer bankruptcy were the subject of debate at the recent Manitoba Beef Producers annual general meeting. The first, which called on MBP to lobby for laws making the transfer of ownership of cattle or commodities incomplete until payment is made



Topping Action In Soybean Meal Sends Calming Signal

Livestock producers were left scratching their heads when the December 2011 soybean meal futures contract posted a new high in late August. The news was incredibly bullish, as concerns of an early frost were on producers minds. The big question was, Should I be locking in the price of meal before it gets any higher?



Harami Predicted A Strong U.S. Dollar

You d be hard pressed to find anyone this summer who wasn t aware of the United States escalating debt, increasing unemployment and home foreclosures that produced the current economic slowdown. All summer, as the news grew increasingly bearish, with newspaper headlines suggesting the greenback was about to crash and burn, more market analysts began