Wheat Markets Up 50 Per Cent – for Aug. 12, 2010

The hottest run-up in the wheat market since 2008 prompted the Canadian Wheat Board to issue a special market advisory last week to alert farmers to potential pricing opportunities. David Boyes, the board’s commodity risk manager, said two market fundamentals – severe drought in Russia and excessive moisture cutting production in Western Canada – were

What A System – for Aug. 12, 2010

It’s always fun watching the futures market when things are hot and the price is rising. Fun while it lasts, that is. That caution applies to the run-up in the wheat market for the last few weeks. These prices look wonderful, especially if you have wheat to sell. But as farmers well know, prices tend


Wheat Markets Up 50 Per Cent – for Aug. 12, 2010

The hottest run-up in the wheat market since 2008 prompted the Canadian Wheat Board to issue a special market advisory last week to alert farmers to potential pricing opportunities. David Boyes, the board’s commodity risk manager, said two market fundamentals – severe drought in Russia and excessive moisture cutting production in Western Canada – were

What A System – for Aug. 12, 2010

It’s always fun watching the futures market when things are hot and the price is rising. Fun while it lasts, that is. That caution applies to the run-up in the wheat market for the last few weeks. These prices look wonderful, especially if you have wheat to sell. But as farmers well know, prices tend


Canola Trade Lacking Direction

Canola contracts on the ICE Futures Canada platform held within a rather tight range during the week ended Feb. 26, initially moving higher before eventually finishing the week with small losses in the nearby contracts – although the advances did hold up in the new-crop months. The canola trade could be best described as “range

Are Higher Wheat Prices Real?

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oi l s e e d prices at ICE Futures Canada in Winnipeg closed the week ended Nov. 27 fractionally higher. Gains in the U. S. markets, friendly technical signals and slower farmer selling gave some support


Taking The Edge Off With Futures And Options

“I pounded my head against the wall. When you say those words – ‘I think,’ ‘I hope,’ or ‘It’s gotta go higher’ – you’re speculating.” – TOM CLARK, CME There are a few surefire ways to avoid the unpredictable nature of commodity markets. One way out of the lowest-price-is-the-law trap is to direct market all

Frustrated Chicago Wheat Traders Seen Testing MGE

Frustrated wheat traders who say the Chicago Board of Trade Soft Red Winter wheat contract is no longer an effective hedging tool appear to be testing the waters in a new market – the Minneapolis Grain Exchange. Open interest in the MGE’s long-dormant, cash-settled Soft Red Winter Wheat Index futures has exploded over the last


Revised ICE Canada Barley Futures Should Help Price Discovery

The newly revised Western barley contracts on the ICE Futures Canada platform are slowly building their open interest and should eventually provide a better mechanism for price discovery and risk management, according to traders and industry participants. The revised barley contracts started trading June 22 with the November 2009 contract the nearest month. The major

CBOT Says It Is Still The Global Benchmark

Chicago Board of Trade, the world’s largest grain exchange, has no fear of its wheat contract being challenged as the global benchmark for prices by an upstart from Australia, a senior official told Reuters. Australia’s stock exchange operator, ASX Ltd., plans for its Hard wheat export futures contract to begin trading in May, opening up