Oct. 22 — Financial markets were positive today and energy markets were neutral. Grains were mixed from the start and profit-taking was once again the theme for the day. No new news was available to help push grains up, so they struggled throughout the day, ending with mixed results on the U.S. markets — and […] Read more
Wittal: Wheat PROs flat, canola basis widens
Wittal: Clock’s ticking on your wheat pricing options
Oct. 21 –– A strong performance by outside markets such as the energy sector, and a continued wet weather forecast for most of the grain belt regions in the U.S. and Canada, has helped propel grains upward with solid double-digit gains today. Canola was unable to keep pace with beans as the Canadian dollar jumped […] Read more
Wittal: Grains slip on profit-taking
Oct. 20 — A somewhat traditional “turnaround Tuesday,” with profit-taking the main focus of the markets after yesterday’s solid gains. Financial markets, energy and grains all ended lower on the day, with the exception of canola which finished higher primarily due to the two-cent drop in the Canadian dollar, which sparked some new export activity. […] Read more
Wittal: Grains gain on weekend weather
Oct. 19 — Strong outside world markets and a continuing decline in the U.S. dollar have financial markets showing good gains today. The energy sector is also showing steady gains, which is helping to push the Canadian dollar still further up the chart. A rather uncertain forecast, showing continued cool wet weather that will no […] Read more
Wittal: Harvest uncertainty sidelines traders
Oct. 16 –– A rather mixed week in the grain markets as weather dominated, keeping the trade on edge waiting to see what the next day was going to bring. Financial indexes ended with losses today but were up slightly for the week overall. The U.S. dollar rose one-10th a cent today and closed out […] Read more
Wittal: Consider your loonie’s purchasing power
Oct. 14 — Grain markets tried to rebound after yesterday’s stumble but lost momentum again as the day went on, to close mixed. Financial indexes showed strong gains today as the U.S. dollar dropped just over half a cent. Crude oil continued to show strength as well, which helped fuel the continued climb of the […] Read more
Wittal: Climb in crude can pressure crop prices
Oct. 13 — Markets are mixed today after a strong showing yesterday, particularly by the U.S. grains, as a result of cold weather over the weekend. Financial indexes are showing mixed results as the U.S. dollar drops 0.18 cents. Energy markets continue to show strength with crude closing up 88 cents at US$74.15 per barrel. […] Read more
Wittal: Weather premium returns to markets
Oct. 9 — The U.S. Department of Agriculture’s production numbers came in at levels that the trade had previously speculated they would, so markets turned their focus on the upcoming forecast for the weekend, which calls for cold and frosty weather over a large part of the northern grain belt. All grains ended up for […] Read more
Wittal: Lock in some production to balance risk
Oct. 8 — All markets came out of the gates with positive momentum and have been able to hang onto it for the most part today. Financial indexes and energy markets showed steady gains as the U.S. dollar fell half a cent today, which in turn prompted the Canadian dollar to rise over a full […] Read more
Wittal: Profit-taking drags on futures
Oct. 7 — Markets tried to maintain the rally momentum of the previous day but that didn’t last long before profit-taking started to gain momentum and draw markets lower. Financial markets were mixed as quarterly earnings reports are starting to filter in from the major U.S. companies and banks over the next several days, so […] Read more