EU Executive Pledges Curbs On Commodity Speculators

The European Union’s execut ive announced plans Feb. 2 to tackle speculation in commodities with new controls on trading to stop runaway prices for grain and energy. Spiralling food prices, which helped spark deadly riots that brought down the ruling regime in Tunisia, have prompted Middle Eastern neighbours to stockpile grain. Rising commodity prices have

Soybean Oil Lends Underlying Support To Canola

The oil- seed complex has been well supported by the strong vegetable oil market. This is evidenced by the steep uptrending channel illustrated on the monthly soybean oil chart. This rally began with the development of a “two-month reversal” back in July 2010. This particular “two-month reversal” is seen at the bottom of a downtrend


Fundamentals Still Lean Toward $700-Per-Tonne Canola

Nearby canola futures on the ICE Futures Canada trading platform experienced a minor setback during the week ended Jan. 28 while the more-deferred contracts continued to trek upward. Much of the price weakness in canola was reflective of profit-taking, especially as new highs were established. Declines in Chicago Board of Trade (CBOT) soybean and soyoil

Price Outlook Good — But Jumpy

It doesn’t seem to matter whether analysts are studying the market fundamentals, technical charts or the stars these days, they all agree on one thing. Prices are strong and there is plenty of potential for them to get stronger. But there was a caveat attached to the bullish outlook analysts dangled tantalizingly in front of


Germany Seeks Brakes On Speculation

Germany will seek to brake outside speculation in agricultural commodities, German Farm Minister Ilse Aigner told a newspaper Jan. 17. “I am greatly concerned that the markets with their derivatives for agricultural products are increasingly developing their own independent existence,” she told the dailyHandelsblatt. “This reaches into price manipulation.” The French government the previous week

Funds’ Commodity Holdings Could Hit $500 Billion

Commodity investments could near half a trillion dollars by the end of 2011 as the return of $100 oil and a broad-based rally heighten interest in the asset class to levels not seen since 2008. But the wave of money now hitting commodities is more sophisticated and discerning than its predecessor three years ago. Investors


Don’t Cry For Argentina Just Yet

ICE Futures Canada canola contracts climbed to fresh contract highs during the week ended Jan. 14, but ran into speculative profit-taking and farmer hedges to the upside, which tempered the advances. While corrections are to be expected, the general consensus amongst analysts seems to be for more strength in canola heading into spring, especially as

Rice Prices Stay Relatively Low

SINGAPORE/REUTERS Ample rice supplies from top exporters Thailand and Vietnam should keep prices in check through the first quarter, sparing Asia’s staple food from the rally in other commodity prices. Benchmark Thai rice dropped 13 per cent in 2010, while U.S. wheat futures climbed around 50 per cent as adverse weather hit key producing regions.


Wheat May Peak Near $11 In 2011 On Weather

U.S. wheat prices will rise above $8.50 a bushel this spring and may approach $11 if adverse weather damages the crop in the United States and other top growing nations, said an analyst who was the second closest in predicting prices in a Reuters poll last year. Worries about snug global supplies of milling wheat

Analysis: Wheat Class War To Erupt In 2011

The price of every class of wheat pushed strongly higher in 2010 as production problems beset nearly all the world’s major wheat growers to offer a uniformly supportive backdrop for the global wheat market. But with wheat prices now at multi-year highs around the world, end-users are starting to seek out substitutes for expensive feed