Corn sizzles, then fizzles

Corn sizzles, then fizzles

A major buyback by speculative funds drove the recent market action

Speculators axed a massive short position in the corn market within 11 days earlier this month. And what do they have now to show for it? Lower prices. Specs, usually hesitant to become buyers in such an oversupplied market, bought nearly one billion bushels of corn in the form of CBOT futures and options –

Prairie wheat bids rise amid concerns over U.S. wheat

Prairie wheat bids rise amid concerns over U.S. wheat

Conditions in U.S. spring wheat areas raise questions over quality and yield

Hard red spring wheat bids in Western Canada posted gains during the week ended June 23, as continued concerns about yields and quality in the U.S. spring wheat crop pushed the market higher. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $6-$8 per tonne across the Prairie provinces, according


canola field in bloom

Canola futures plummet ahead of StatsCan report

Traders’ acreage estimates lean toward bearish levels

ICE Futures Canada canola contracts dropped hard during the week ended June 23, hitting some of their lowest levels in months. The biggest losses were in the new-crop months, with improving crop weather and declines in the U.S. soy complex behind some of the selling pressure. The nearby July contract lagged to the downside, as

Strengthening loonie beats strengthening vegetable oil

Strengthening loonie beats strengthening vegetable oil

Rain on the Prairies is also bearish on canola futures

It was a volatile time for the ICE Futures Canada canola market during the week ended June 16 as the weight of the rising Canadian currency offset gains in vegetable oil. The most active November canola contract lost $6.70 to fall to $488.20 by Friday’s close. The nearby July contract lost just 50 cents as


Beneficial rains a boost for local cattle buyer optimism

Beneficial rains a boost for local cattle buyer optimism

Local markets overcome turbulence in cattle futures

Moving into the summer, Manitoba’s ranchers are watching cash markets and the weather, with both delivering good news. Cattle futures at the Chicago Mercantile Exchange (CME) saw some turbulence over the past week, though prices for cattle at auctions in Manitoba were able to resist that pressure. “The cash market didn’t seem to reflect it,”

Concept of making money agriculture

CWRS wheat bids rise with temperatures

Conditions in major spring wheat-growing regions boosted MGEX wheat futures

Hard red spring wheat bids in Western Canada climbed higher during the week ended June 9, as hot and dry conditions in some of the major spring wheat-growing regions of the U.S. and Canada led to a rally in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were


Prairie red spring wheat bids break out of doldrums

Prairie red spring wheat bids break out of doldrums

MGEX and K.C. wheat futures were up on the week, supporting CWRS and CPSR wheats

Hard red spring wheat bids in Western Canada finished mostly higher during the week ended June 2, taking strength from advances in the U.S. futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $7-$10 in the Prairie provinces, according to price quotes from a cross-section of delivery points compiled

The art and science of farm marketing

The art and science of farm marketing

There are no pat or easy answers for marketing commodities as each commodity is different

Farm marketing like most aspects of a farm business is a mix of art and science, of theory and practice. And, it’s important to understand and apply both. This reminds me of a quote by American playwright Wilson Mizner: “Art is science made clear.” I’ll try to combine them both so you gain a better


Prairie wheat bids rise, shrug off bearish currency

Prairie wheat bids rise, shrug off bearish currency

Cash durum prices were up $2-$6 on average, seeing bids around $259-$268

Hard red spring wheat bids in Western Canada posted solid gains during the week ended May 26, as supportive action in U.S. futures offset the bearish influence of the Canadian currency. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $4-$6 in the Prairie provinces, according to price quotes from

seeding canola

Seeding pressures run up against low canola stocks

Wet weather also helps support Minneapolis wheat

Canola contracts on the ICE Futures Canada platform were chopping around for much of the week ended May 26, buffeted by weather issues and downward action in soy. Wet weather in Alberta and parts of Saskatchewan has created a soggy mess for many producers trying to get onto their fields. Some haven’t started seeding canola