Jan. 6 — Outside markets were stronger today, with gold showing double-digit gains and crude oil closing above resent resistance levels, which encouraged speculative finds to continue buying and pushing values higher. A lower U.S. dollar helped support wheat and corn markets, while beans continue to come under pressure from continued reports of better-than-expected crop […] Read more
Wittal: Expect canola pressure from U.S. meal dispute
Wittal: Consider moving unpriced canola soon
Jan. 5 — Outside markets were a little more subdued today on the heels of an impressive Monday rally. Gold is showing little to no change and crude oil is up, but other than that, markets are mixed today as it seems the trade is rather quiet with little follow-through on yesterday’s rally. The U.S. […] Read more
Wittal: Favourable crop conditions may hit markets
Jan. 4 — Welcome to the New Year, and a positive start at that! Outside markets were up solidly, as gold achieved double-digit gains and the Dow Jones showed triple-digit gains today. The energy sector also finished with solid gains. All of this and a dropping U.S. dollar helped to push U.S. grains higher on […] Read more
Wittal: Dos and don’ts of selling off-grade canola
Dec. 31 — Outside markets are steady today and this is spurring some year-end buying in the grains. Gold closed up $3.70 at $1,095.20 today, down $8.90 from last week’s close. The U.S. dollar index closed unchanged today; the Canadian dollar, meanwhile, closed up 0.87 cents at US95.62 today, up 0.34 cents from last week. […] Read more
Wittal: Check out canola basis levels
Dec. 30 –– Very thin trading activity was again the focus on the markets today. Gold closed down $5.50 at $1,092.50 today. The U.S. dollar index closed up eight 100ths of a cent today while the Canadian dollar closed down 1.11 cents at US94.75 cents today. The Dow Jones closed down two points at 10,485 […] Read more
Wittal: Wheat markets lose momentum
Dec. 29 –– All markets were open today, but trading activity was rather thin again as this will be a short trading week with markets closing early Thursday and on Friday for New Year’s Day. Gold closed down $10.20 at $1,197 today. The U.S. dollar index closed up a quarter of a cent today; the […] Read more
Wittal: Grains drift on light-to-nonexistent trading
Dec. 24 — The day before Christmas and all through the markets, not a trader was seen on the trading floor! Or so it seemed, as there was little to no trading happening today, as everyone was doing last-minute shopping or traveling. Outside markets were steady to up today with gold and energy stocks closing […] Read more
Wittal: Consider securing some nitrogen supplies
Dec. 23 –– Outside markets were stable to up again today on very limited trading, due to most traders sneaking away for the holidays. Gold and energy stocks closed higher on the day, while the U.S. dollar index traded lower, providing support to grain futures which all ended higher on the day. Gold closed up […] Read more
Wittal: Slow day, rising loonie pressure canola
Dec. 22 — Outside markets were a little more positive today, but with limited trading activity it’s hard to get a clear picture of what’s really happening. Gold was lower while energies and financial indicators were up slightly, and grains were mixed. Gold closed down $9.40 at $1,086 today. The U.S. dollar index ended up […] Read more
Wittal: Markets adrift on holiday inactivity
Dec. 21 –– Outside markets were mixed today with gold and energies down, financial indicators mixed and currencies up slightly. Gold closed down $15.40 at $1,095.40 today. The U.S. dollar ended up a quarter of a cent today; the Canadian dollar closed up 0.39 cents at US94.22 cents. The Dow Jones closed up 77 points […] Read more