
Tag Archives Errol Anderson

StatsCan confirms smaller canola acres, more wheat
MarketsFarm — Canadian farmers intend to seed more spring wheat and less canola in 2019, according to Statistics Canada survey results released Wednesday. Additional shifts are also likely in subsequent reports, as dry conditions in southern Alberta and Saskatchewan may alter some intentions. Statistics Canada forecast canola area for 2019 at 21.3 million acres, which […] Read more

ICE weekly outlook: Canola hinges on iffy U.S.-China deal
MarketsFarm — Canola contracts one the ICE Futures platform held within a narrow range during the week ended Wednesday, waiting for a catalyst to push futures one way or the other. To Errol Anderson of ProMarket Communications in Calgary, canola’s path is connected to a trade deal between the U.S. and China, which be a […] Read more

ICE weekly outlook: Little to sustain canola bids in bear market
MarketsFarm — Although there will be some bounces in ICE canola futures, there is very little currently to sustain any increases in bids, according to Errol Anderson of ProMarket Communications. While the market has stabilized for the time being, it’s technically oversold, Anderson said. The market can rebound $5-$10 per tonne, he said, but it’s […] Read more

ICE weekly outlook: Canola grinding lower
ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more

Crude oil and canola part company, for now
CNS Canada — The symbiotic relationship that crude oil and canola used to enjoy seems to have hit a snag. Chart structures have proven that crude prices have pushed and pulled canola up and down in recent years. However, since the start of 2018, the gains enjoyed by crude oil have failed to lift canola. […] Read more

Trade predicts fewer pulse acres, another canola record
CNS Canada — With the uncertainty regarding the pulse exports to India, it’s looking like 2018 could see more canola acres planted in Canada. Statistics Canada will release its Principal Field Crop Areas report on Friday (April 27). Last year saw Canada’s canola area at a record 23 million acres, but this year could again […] Read more

StatsCan data confirm tight canola supplies
CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more
Tips for managing market volatility in 2017
Reading Time: < 1 minute It’s too soon to say exactly how market volatility in 2017 is going to play out, but Errol Anderson has some tips to manage whatever the markets throw at you in the coming year. Strong Futures-Strong Basis What should you do? “Price it. It’s tough to do because, at that point, everybody is bullish. But […] Read more

The future looks dangerous, says market watcher
Central banks have created an economic bubble and when it bursts, demand for everything will screech to a halt
Reading Time: 5 minutes Errol Anderson’s opinion on the global economic downturn isn’t one you’ll read in too many newspapers. “I’m going to make a bold statement: We are at the end of an 80-year capitalistic cycle that has already been prolonged 10 years by central bank manipulation. It has to be refreshed, and it will be,” said Anderson, […] Read more

Don’t get whacked by market swings, says broker
On the price side, there are lots of opportunities right now — but you need a plan to take advantage of them
Reading Time: 3 minutes Good news for grain growers: Commodity markets have turned up — and the recovery of crude oil prices deserves the thanks. “With crude now moving up to $50 a barrel, it looks like it could potentially go even higher yet into the fall market as demand is starting to exceed supply on the global side,” […] Read more
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