Watch global wheat flows

Watch global wheat flows

Expert's Radar: The wheat market around the world is complex and intertwined

Wheat is grown around the world, but different varieties are suited for different uses. The hard red spring wheat of Western Canada is prized by bread makers and the softer lower-protein wheats grown to the east are better suited to cakes and pastries. The global flow of wheat, or lack thereof, is always a key

The latest projections for Brazil’s 2023-24 soybean crop has delivered a startling reality check.

Brazilian numbers could outweigh StatCan projections

At press time the trade was parsing the Latin American numbers and anticipating Canadian ones

Everyone who has celebrated Christmas has at least once received a gift where their first thought after unwrapping it was, “it’s not quite what I expected, but it’s the thought that counts, I guess.” Three weeks before the big day, growers, traders and analysts may have received one of those gifts from Statistics Canada. The


Brazil muscles into wheat market

Brazil muscles into wheat market

The agricultural superpower will be a fierce competitor, but is mainly striving for self-sufficiency

Glacier FarmMedia – Canadian wheat exporters are facing a new competitor in their second biggest market. “The rapid emergence of Brazil as an exporter in Indonesia and other foreign markets has been remarkable,” the U.S. Department of Agriculture said in its recent Grain: World Markets and Trade report. Indonesia bought 2.14 million tonnes of bulk

A strike at the Rogers Sugar refinery in B.C. has led to sporadic supply disruptions of numerous sugar products.

Going soft on ICE

Expert's Radar: The canola exchange also hosts more exotic commodities

The ICE Futures U.S. exchange, home to Canadian canola contracts, is also the primary price discovery platform for the so-called “soft” commodities, including coffee, cocoa, sugar and frozen concentrated orange juice. While Canada does export some sugar, the country is largely a price-taker for all those commodities and holiday bakers may feel an extra pinch


Canola market sees wide range of trade

Canola market sees wide range of trade

The U.S. Thanksgiving break moved participants to the sidelines and lowered volume

The ICE Futures canola market traded within a wide range during the week ended Nov 23. Price moves were exaggerated by thin volumes as the United States Thanksgiving holiday saw many participants move to the sidelines. The January canola contract briefly tested its 50-day moving average, settling above the key chart point for the first time in over two months.

Learning from the oldies

Learning from the oldies

Expert's Radar: This classic rock song is also a handy reminder of the nature of markets

“What goes up, must come down, spinning wheel gotta go round…” If you had to pay royalties on songs that get stuck in your head, I’d probably need to cut Blood, Sweat and Tears a hefty cheque by now. Following the commodity markets can often feel like riding the painted pony from their 1960s hit. Crude oil West


Funds, weather chop oilseed prices

Funds, weather chop oilseed prices

Massive selloff of managed money positions drives oilseed prices down

All was going well for canola early in the week of Nov. 14, with the oilseed continuing on its path to recovery. Then things were shaken by speculative funds. Although those funds drove canola prices lower over much of the last month, managed money was also responsible for bringing things largely back to where they

University of Manitoba law professor says fatigue management should never have been on the rail dispute bargaining table; it's a matter for government to handle.

Grain prices still hang on exports

Expert's Radar: Our wheat export pace is up despite smaller production

Canada is a country whose main exports are hockey players and cold fronts,” according to a quote attributed to former Prime Minister Pierre Elliot Trudeau who jokingly added “our main imports are baseball players and acid rain.” Looking at the current Winnipeg Jets lineup at least, it’s safe to say the trade balance on hockey


A soybean sprout at a plantation affected by drought at Soledade in Brazil’s Rio Grande do Sul state on Jan. 8, 2022.

Canola looks to soybeans for guidance

Demand for U.S. soy is strong; supply from Brazil is uncertain

The soy complex at the Chicago Board of Trade is usually a bellwether as to where canola prices will go, with support from gains in soyoil and soymeal countered by losses in soybeans during the week ended Nov. 9. There are at least a couple of bearish indicators for soybeans. First is the projected Brazilian

Interest rates remain of interest to grain traders

Interest rates remain of interest to grain traders

Expert's Radar: A rising U.S. dollar may drag on futures

Much of the attention in North American grain and oilseed markets has shifted to production prospects in South America, as wheat fields develop in Argentina and farmers in Brazil work on seeding their next soybean and corn crops. Weather there will be a major factor on traders’ radar over the next few months, but larger financial and geopolitical issues will