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?

Markets Toss And Turn On Economic Uncertainty

ICE Futures Canada canola contracts bounced around within a relatively narrow range during the week ended Oct. 28, posting declines in most months, aside from the nearby November. The gains in the front month were tied to position-evening ahead of deliveries against the contract, as traders exited their positions in November and the spread narrowed


EU Meltdown Takes Down Global MF

The Chicago Mercantile Exchange and ICE Futures Canada said Oct. 31 that customers of broker-dealer MF Global were limited to liquidating their positions. The exchange, which owns the Chicago Board of Trade, said it would no longer recognize MF Global, which filed for Chapter 11 as a guarantor for floor trading. The company filed for

Corn Market Sends Confusing Signals

U.S. corn farmers are receiving conflicting signals from the cash and futures markets on whether to sell or store their grain. On the one hand, firm cash basis levels seem to suggest that corn demand is in better health than the futures market may imply, and could be a sign that growers should lock down


Canada-Europe Trade Deal Raises Concerns

As legislation to end the Canadian Wheat Board s monopoly marches closer to reality, there is growing speculation that this country s supply management sector will be next on the free marketers hit list. It s in the government s and the WTO s (World Trade Organization) agenda, they want to ensure there is an

Larger Economic Issues Weigh On Canola

column Canola futures on the ICE Futures Canada trading platform resumed a downward price trend during the week ended Oct. 21. Losses were attributed to the price declines experienced by CBOT (Chicago Board of Trade) soybeans and outright liquidation by speculative fund accounts. Elevator company hedge selling was also evident, especially when canola showed signs



Ending CWB Monopoly Brings Big Changes

Next August 1 ushers in what is arguably the most radical policy shift in Western Canada s grain industry since the Canadian Wheat Board monopoly was created nearly 69 years ago. Western wheat, durum and barley farmers will have marketing freedom. What then? Farmers and the industry are divided over whether it will usher in


Canola Futures Recovering On Fresh Chinese Demand

Dwayne Klassen CNSA Canola futures on the ICE Futures Canada trading platform managed a rally during the week ended Oct. 14, recovering some of the losses experienced in the previous reporting periods. Confirmation of fresh Chinese demand for Canadian canola helped to generate some of the price strength, as did the reluctance of Prairie producers

U.S. Hog, Poultry Firms To Extend Use Of Feed Wheat

chicago/reuters The surprise drop in U.S. corn feed demand this summer may be only the beginning of a yearlong reduction as chicken and hog producers break a long-held aversion to blending more wheat into rations. What initially began as a summer fling sparked by an unprecedented premium for corn prices over wheat has turned into