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

Feeder Cattle Prices End On A New Historical High

What a differ-e nce a year makes! In December 2009 feeder cattle prices were down challenging an area of support at $90. Prices quickly bounced off the line of support, as illustrated in the accompanying chart, and by the end of December a two-month reversal materialized, which indicated prices were about to turn back up.



U.S. Hog Data Shows Producers Not Expanding

The latest U.S. Agriculture Department data shows the smallest Dec. 1 U.S. hog herd in four years, indicating that U.S. hog producers pocketed profits from this year’s high hog prices rather than investing them in herd expansion. Worries about high feed grain prices likely thwarted expansion, analysts said. Corn prices are above $6 per bushel,


U.S. Fed Cattle Supply At Three-Year High

The U.S. feedlot cattle supply on Dec. 1 was the largest for that date in three years as profitable cattle prices and poor pastures had producers rushing young cattle into feedlots rather than into breeding herds, analysts said Dec. 17. The U.S. Agriculture Department said there were 11.609 million cattle in feedlots on Dec. 1,

Western Barley Futures Contract Languishes

Open interest in western barley futures have declined to virtually zero, which would normally signal the end of the contract’s long and distinguished history is close at hand. However, officials from ICE Futures Canada are not ready to give up on the contract quite yet and are working on ways to reinvigorate it. Open interest


In Brief… – for Dec. 9, 2010

Winter wheat breeder heads south:Francois Marais, a visiting scientist at Winnipeg’s federal Cereal Research Centre, has picked up a new post at North Dakota State University’s plant sciences department as a winter wheat breeder and geneticist. Marais, who has a doctorate in cereal technology from NDSU and degrees in genetics from South Africa’s Universiteit Stellenbosch,

It’s Your Business

Canola futures on the ICE Canada trading platform posted some modest advances during the week ended Dec. 3, with some of the upward momentum coming from the general strength displayed by the outside oilseed markets. CBOT soybean and soyoil values both posted some significant advances on the week with new contract highs also established in


Commodity Price Pressure Made In China

Canola futures on the ICE Futures Canada trading platform suffered some price weakness during the week ended Nov. 19, but were well off the lows established. The continued liquidation of long positions by nervous speculative fund account holders generated the declines. That selling was again inspired by a knee-jerk reaction to news that the Chinese

Commodity Sell-Off Has Winners And Losers

The biggest decline in commodity market value since the financial crisis of 2008 looked like funds running for the exits, but big differences in open positions between oil, grains and other commodity markets will signal which markets may still be overextended. Based on the decline in open interest – the number of contracts bought or