Reading Time: 2 minutes Reversal days usually signify turns of minor or intermediate importance and provide timely buy-and-sell signals. When they appear as part of larger, more important reversal formations, their significance is greatly enhanced as a leading indicator of an impending major trend change. Reversals that occur on the longer-term charts, such as the weekly and monthly charts […] Read more
Key Reversal Bolsters Soybeans
China Demand Boosts Beans
Reading Time: 3 minutes The humble soybean is seeing another price surge that is ignoring the world recession and could push food prices higher. A smaller South American soybean crop, which is now being harvested, and China’s voracious appetite for soy products among its growing and increasingly affluent population, pushed U. S. soy prices to a six-month top last […] Read more
Soy Hits Six-Month High, Canola Doesn’t Follow
Reading Time: 4 minutes Grain and oilseed futures at the ICE Canada futures market have moved higher since my last column. Canola advanced in the wake of sharp gains in the U. S. soy complex. Commercial demand lifted the market with crushers the best buyers as crush margins improved to the best levels in five years. There was some […] Read more
CME Fears Not Upstart Australian Wheat Contract
Reading Time: 2 minutes 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 said Apr. 3. Australia’s stock exchange operator, ASX Ltd., plans for its hard wheat export futures contract to begin trading in May, opening […] Read more
USDA Reports Generally Friendly
Reading Time: 4 minutes Grain and oilseed futures at the ICE Canada futures market have been mixed since my last column, with canola higher and barley lower. Canola was lifted by gains in the U. S. soy complex, a friendly U. S. acreage report, increased export activity and bullish technical signals. Pakistan and Mexico were both in the canola […] Read more
Canadian Canola Can Now Go To Europe. But Will It?
Reading Time: 2 minutes Europe’s acceptance of genetically modified canola seed represents an important new market for Canadian farmers, but purchases from the world’s largest exporter of canola seed are unlikely any time soon. The European Commission ruled March 10 to allow import of a type of canola, which German seed developer Bayer CropScience created by modifying the canola […] Read more
Durum Addition For Triton K Label
Reading Time: < 1 minute DuPont’s Triton K herbicide now has additional registration for use on durum wheat. DuPont says Triton K controls broadleaf weeds including Group 2-resistant kochia, narrow-leaved hawk’s beard, cow cockle, wild buckwheat, flixweed and Russian thistle. DuPont cereals product manager Jon Gough said in a release that Triton K is the only herbicide that controls all […] Read more
U. S. Creates Over $1 Trillion, Sends Markets Higher
Reading Time: 4 minutes For Don Bousquet’s three times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed futures at ICE Futures Canada in Winnipeg closed the week ended March 20 higher, with strength in the Chicago markets giving good support to prices. Canola was boosted by a disciplined slow approach to farmer selling, talk of Chinese export interest and […] Read more
Canola 2009-10 Outlook Weakening
Reading Time: 4 minutes For Don Bousquet’s three times daily market reports, visit www.albertafarmexpress.ca Grain and oilseed futures at the ICE Canada futures market have generally worked lower since my last column. Canola saw bigger losses in the new crop than the old crop as tightness in the cash market on strong demand and disciplined farmer selling kept supplies […] Read more
Oat Market Is Hammering Out A Bottom
Reading Time: 3 minutes The Japanese are regarded as the true pioneers of market technical analysis. They began trading forward rice contracts (futures) in 1654 and over the next three centuries have developed many sophisticated ways to analyze the markets. One Japanese method of charting is called “Candlestick” because the individual lines resemble candles. While candlestick charts use the […] Read more
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