Bearish USDA Report Coincides With Bearish Chart Pattern

David drozd Although technical analysts, such as myself, rely primarily on analyzing charts for determining price reversals and in forecast ing price direction, we do keep one eye on the fundamental information as well. I’ll have to admit though, that whenever technical and fundamental analysis are at odds, and they are more times than not,

Big U. S. Soy, Corn Crops May Deflate Price Boom

U. S. farmers this year will reap their largest soybean crop ever and their second-largest corn crop, mammoth harvests that will deflate an ethanol-fuelled price boom, the government said Aug. 12. In its first estimate of the fall harvest, the Agriculture Department estimated the soybean crop would be a record 3.199 billion bushels, up eight


Grain Markets Looking To USDA Report

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 the ICE Canada futures market closed the week ended Aug. 7 mixed with canola higher. Canola posted moderate gains on the week in the wake of big advances in

Market Volatility Rises, Weather In The Background

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed prices at the ICE Canada futures market closed the week ended July 31 higher in a very volatile week. The steep rise in the Canadian dollar weighed on the market. Canola dropped sharply early in the


USDA Raises Dairy Support Prices

The government announced a three-month increase in U. S. dairy support prices on July 31 that would put an additional $243 million into farmers’ pockets and offset the lowest milk prices in 30 years. Burdened by economic recession and an abrupt slump in exports, dairy prices collapsed last fall. They are two-thirds of last year’s

U. S. Lawmakers Seek Dairy Subsidy Boost

The leaders of a Dairy Farmers Caucus in the U. S. House said July 29 they sought a $211-million increase in U. S. dairy subsidies to offset the lowest market prices in three decades. The money would flow through an increase in the payment formula for the Milk Income Loss Contract subsidy, which is based


Weather, Washington Weigh On Wheat

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oilseed prices at ICE Futures Canada in Winnipeg closed the week ended July 24 lower, with canola pushed to its lowest level since March on the improved crop condition and the amazing rally in the Canadian dollar.



In Brief… – for Jul. 23, 2009

Big crop coming: U. S. farmers will harvest their largest soybean crop and the second-largest corn crop ever, leading to softer prices for the commodities, the government said July 10. Crop prices will return to “more normal” levels after last summer’s problems in the world’s top corn and soy producer helped drive prices to record

Dairy’s Sour Times

Maybe this is what Willie and Waylon were thinking when they warned American “mommas” to not let their “babies to grow up to be cowboys.” Anyone with a dairy cow this year will lose, on average, $70 per month feeding and milking it; more if the cow is also packin’ debt. That means, in the