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Tag Archives Futures contract

Wheat and US dollars
Grain Markets, Markets

Prairie wheat bids decline with U.S. futures

The Canadian dollar declined about half a cent in value over the past week

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Spring wheat bids in Western Canada moved lower during the week ended March 10, as spillover pressure from losses in U.S. wheat futures more than made up for the supportive influence of a weaker Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were steady to down $3 per tonne
Some cattle sales called on account of snowstorm
Livestock Markets, Markets

Some cattle sales called on account of snowstorm

A lower loonie has U.S. buyers again looking north

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The upcoming week could be an extremely busy one for Manitoba stockyards as a fierce blizzard cancelled or curtailed several auctions during the week ended March 10. Volumes were nowhere near what they had been in the weeks prior to the snowfall. Ste. Rose Auction Mart said on its website it had carried over 1,500
Big data and agriculture markets: Part 3
Crops, Markets

Big data and agriculture markets: Part 3

Options-based strategies can help get more out of a chaotic market filled with randomness and unpredictability

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The previous article in this three-part series addressed some of the main myths and misperceptions of commodity hedging. This final segment looks at some practical solutions for improving farm marketing and commodity revenue protection. In David Orrell’s book Apollo’s Arrow: The Science of Prediction and the Future of Everything, he writes about the unpredictability and
Crops, Markets

Big data and agriculture markets: Part 2

Trend-watching can tell us a lot about markets, but won’t necessarily mean better results

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The first of this three-part series looked at the current state of farm revenue and risk management and how big data analysis can play a greater role. This time I’d like to explore some of the myths and misperceptions of agriculture hedging. To understand this topic we have to ask ourselves, for farm marketing and
Wheat farmer checking his crop.
Crops, Markets

Big data and agriculture markets: Part 1

We’re awash in market information and using modern approaches can help manage and understand it all

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Big data has got a lot of attention: from online shopping patterns that encourage you to buy, to life insurance to lower premiums and, of course, to the financial markets to increase returns and reduce risk. The agriculture industry has seen plenty of number crunching focusing on production and operations information technology, crop sciences advancements
Stock market chart on LCD screen. Selective focus.
Comment

As the year closes, some troubling numbers

Wall Street, the 'Trump bump' and the near future for commodity markets

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If it’s all about the numbers, a journalist’s stock-in-trade, what are the numbers telling this journalist as 2016 fades and 2017 rises? First, according to the World Wildlife Fund’s (WWF) Plowprint Report, issued Nov. 16, “Since 2009, 53 million acres of grasslands — an area the size of Kansas — have been converted to cropland
CBOT oat December 2016. (chart as of Nov. 18, 2016)
Grain Markets, Markets

Drozd: Oat futures rally to a one-year high

Market Outlook: The increase might seem sudden but charts predicted upward movement

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Oat futures at the CBOT experienced a 40 per cent gain from September 13 to October 28, 2016. The December 2016 oat futures rallied $.69 per bushel (all figures U.S. funds), going from a low of $1.71 to $2.40, a one-year high. The December oat futures contract had been in a major downtrend since it
MGEX spring wheat weekly nearby (chart as of Nov. 2, 2016)
Futures markets, Markets

Spring wheat futures stuck in a rut

MGEX spring wheat futures are rangebound and going nowhere fast

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The nearby MGEX spring wheat futures have been stuck in a US$.60-per-bushel trading range since July 2015. Prices have thus far been unable to exceed resistance in the US$5.42 area, as the selling overcomes the buying. Subsequently, the US$4.82 level is proving to be support, an area where the buying picks up and the market
CBOT weekly nearby (chart as of Sept. 28, 2016)
Grain Markets, Markets

CBOT wheat futures slide down to a 10-year low

Downward movement comes after a very clear technical signal presented itself on the charts

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The Chicago Board of Trade nearby wheat futures have moved $1.65 (all figures U.S. funds) per bushel lower since a reversal pattern appeared on the weekly nearby futures chart on June 10, 2016. This formation is referred to as a harami on a candlestick chart. It occurred at the height of the spring rally, indicating
CME Soybean Monthly nearby (chart as of June 28, 2016)
Markets, Pulse markets

Drozd: Bear trap catches shorts looking down at bottom of soybean market

As they scrambled to cover (buy back) their positions, the market was propelled higher

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The soybean futures market at the CBOT has rallied $3.50 per bushel in the past four months. This strength may have come as a surprise to some market participants, given U.S. soybean ending stocks have increased in each of the past two years. However, astute chart readers were led to believe that something was up

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