hog prices chart

Lean hog futures plunge to a six-year low

Market Outlook: What was first seen as a downward correction was a longer-term trend

Lean hog futures have lost 57 per cent of their value since prices peaked at a historical high of $134 per hundredweight on July 15, 2014. As always, the news was incredibly bullish at the top. Expectations for higher hog prices ran rampant, as the industry was concerned about the PED virus outbreak and the

canola trend price chart

Canola rallies to eight-month high

Market Outlook: Longs move back in when the market bottoms for a second time

Canola has rallied $65 per tonne since Dec. 4, 2014, the day the May 2015 futures contract turned up from a second low at $408.60. A chart pattern known as a double bottom indicated the May futures contract would rally to $470 per tonne, a level not seen since June 30, 2014. Double bottom Double


a man holding wheat in his hand

Editorial: Will Wheat Commission’s PDQ project have any teeth?

Also, A job for the senators: Answering the unanswered questions of UPOV '91

If you didn’t read Phil Franz-Warkentin’s article on calculating basis on page 11 last week and don’t still have a copy, you can find it by going to our website and searching for “muddied.” That word appropriately describes the voodoo combination of futures and exchange rates that Prairie grain companies use to calculate their published

Live cattle weekly nearby: Chart as of Jan. 28, 2015.

Key reversal alerts livestock producers to recent downturn

Technical analysis has the ability to cut through the news and see opportunities

Live cattle futures plummeted $23 per hundredweight after turning down from a new historical high in late November 2014. As always, the news was incredibly bullish at the top, so some livestock producers may have been caught off guard by the sudden drop in prices. However, producers who study charting and technical analysis may have


Chuck Penner

Investors lulled by high prices

Ending stocks of corn are likely to begin to drop downwards next year

They’re phrases that have gotten a lot of use over the last few months. Analysts and experts are increasingly describing changes in commodity prices for wheat and corn as a “paradigm shift” or the arrival of a “new price paradigm.” But Chuck Penner, founder of LeftField Commodity Research said producers should be cognizant that high

Mike Jubinville

Canola prices entering sideways trend

The old highs have become the new lows

Canola prices are tracking the overall trend towards lower commodity prices this year, but there is still room for some comfortable margins, a prominent market analyst says. Speaking at Farm Credit Canada’s Ag Outlook 2015 in Winnipeg, Mike Jubinville of ProFarmer Canada said that while the canola markets aren’t good, they’re not really bad either.


Crude oil monthly nearby: Chart as of Nov. 27, 2014.

Crude oil falls to a four-year low

Plunging prices are casting a dark shadow across the commodity sector

At the time of this writing, crude oil has plunged $40 per barrel, losing 37 per cent of its value, since prices turned down from $107.73 in June 2014. This market’s steady decline may have come as a surprise to some followers of oil, but for those who study charting and technical analysis, they were

grain spilling out of a burlap bag

Editorial: Wheat prices – a great big mess

Critics of the Canadian Wheat Board used to routinely point to published price quotes for U.S. Dark Northern Spring (DNS) wheat from the Pacific Northwest (PNW) and assume that was a benchmark price for all wheat sold in the world. If the board got less, it must have screwed up, said the critics. In fact


grain terminal

KAP calls for mandatory reporting of grain prices

Farmers need more 
information

Farmers are finding the promise of marketing freedom rings hollow in the absence of enough price information to make informed decisions. Keystone Agricultural Producers (KAP) is calling on federal and provincial governments to implement mandatory price reporting on agricultural commodities, similar to what exists in the U.S. “We’ve been given the right to freedom and choice

Chief commissioner Elwin Hermanson says the CGC and Atradius Credit Insurance couldn’t develop an insurance-based protection plan. The CGC will consider options, but in the meantime the current plan remains in place.   photo: allan dawson

Grain commission bonding replacement plan stalls

Insurance industry rules make it difficult to protect farmer payments for delivered grain

After a year of negotiations to develop an insurance-based producer payment protection plan, the Canadian Grain Commission has called it quits, surprising and disappointing some farm groups. The CGC has been attempting to replace the current bonding system to protect farmers against payment defaults for grain delivered to merchandisers. It had been negotiating with Atradius