Reading Time: 4 minutes For Don Bousquet’s three times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed prices at the ICE Canada futures market have seen losses since my last column. Canola was undermined by the weak tone in the Chicago soy complex, the advancing harvest, favourable weather and no significant frost threat. Bearish technical signals prompted speculative selling. […] Read more
Reports Suggest Poorer 2009-10 Grain Price Outlook
Barley Outlook Poor Despite Small Crop
Reading Time: 4 minutes For Don Bousquet’s three-times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed prices at the ICE Canada futures market are lower since my last column with big declines in canola. It was undermined by weakness in the Chicago soy complex, the beginning of the harvest, favourable weather and slow demand. Farmer selling picked up as […] Read more
Prairie Flax Bids Fall Over Europe’s GMO Concerns
Reading Time: 2 minutes Cash bids for flaxseed in Western Canada took a dramatic turn for the worse earlier this month with some of the decline being linked to European concerns the crop contains genetically modified organisms (GMOs). On Sept. 4 there were reports that Viterra had lowered its bids in Manitoba to as low as $6.78 a bushel, […] Read more
All Eyes On The Weather
Reading Time: 4 minutes For Don Bousquet’s three times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed prices at the ICE Canada futures market are mixed since my last column. Canola posted gains in the wake of big advances in the Chicago soy complex and talk of Chinese canola bookings. However, it turned out that China booked Ukrainian rapeseed […] Read more
U.S. Antitrust Officials Eyeing Livestock And Grain Markets
Reading Time: 2 minutes U.S. antitrust experts will examine controls on how livestock markets operate, concentration in the seed industry and transparency in agricultural markets, a senior Justice Department official said August 7. Deputy Assistant Attorney General Philip Weiser, in remarks prepared for the Organization for Competitive Markets conference in St. Louis, detailed areas that the Justice and Agriculture […] Read more
Soybean Acreage Weighs On Meal Prices
Reading Time: 3 minutes When one studies many weekly bar charts, it becomes evident that prices over a period of several months are typically moving up or down. This direction is the long-term or major trend of the market. Within the major trend there are a series of fluctuating price movements that can be of several weeks’ duration. The […] Read more
Weather And The U.S. Government Affecting The Markets
Reading Time: 4 minutes For Don Bousquet’s three-times-daily market reports, visit www.albertafarmexpress.ca (July 28) Grain and oilseed prices at the ICE Canada futures market have dropped sharply since my last column. Canola has been pushed to its lowest level since March on the improved crop condition and the amazing rally in the Canadian dollar. Weakness in Chicago soyoil contributed […] Read more
Dry India A Shadow Over Oilseed Supply — Oil World
Reading Time: < 1 minute Dry weather in India is the main threat to the global oilseed supply and demand balance, Hamburg-based oilseeds analysts Oil World said July 14. There was increasing evidence a lack of rain in India, Indonesia and Malaysia was due to the El Nino weather pattern although the impact was still difficult to assess, it said. […] Read more
Trade Buying Futures, Volatile Ride In Canola Not Over
Reading Time: 4 minutes For Don Bousquet’s three times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed prices at the ICE Canada futures market have dropped sharply since my last column, as the speculative commodity funds liquidated their sizable position in canola while buyers only made purchases as the market fell. Rain benefitting the crops in Western Canada added […] Read more
World Rapeseed Crop Projected Lower: Oil World
Reading Time: < 1 minute The global 2009/10 rapeseed crop is likely to fall to 61.64 million tonnes from 62.62 million tonnes in 2008/09, and prices are likely to rise because of poorer harvests in several major producers, Hamburg-based oilseeds analysts Oil World forecast July 14. The crop in key exporter Ukraine is forecast at only 1.50 million tonnes, down […] Read more
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