July 27 — Financial markets were very quiet today, with limited trading happening, which kept values even to up slightly. The Canadian dollar continued its climb with a gain of 0.17 cents to close at US92.51 cents. The Dow Jones September quote closed up 12 points at 9,070. Crude oil closed up 33 cents a […] Read more
Wittal: Palm, bean oil futures pressure canola
Wittal: Canola basis levels show opportunity
July 24 –– Financial markets were steady to up slightly today. Trade was again very quiet, as traders may have taken a long lunch or are starting the weekend early. The Canadian dollar continued its climb with a gain of 0.36 cents to close at US92.28 cents. This is up two cents over last week’s […] Read more
Wittal: Wheat stocks, rising dollar drag down PROs
July 23 — Financial markets showed some life today with steady gains in the indexes and the currencies. The Canadian dollar continues to climb, with a gain of 1.09 cents to close at US92.07 cents. The Dow Jones September quote closed down 158 points at 8,991. Crude oil closed up $1.76 at US$67.16 per barrel. […] Read more
Wittal: Expect PROs to drop Thursday
July 22 — Financial markets were rather quiet today, with limited trading volumes and little movement either way. The Canadian dollar continues to climb, with a gain of 1.56 cents to close at US91.04 cents. The Dow Jones September quote closed down 53 points at 8,833. Crude oil closed down 21 cents at US$65.40 per […] Read more
Wittal: Weather picture pressures prices
July 21 — Financial markets remained steady to up again today, but that wasn’t enough to help grain futures, as they continued to fall due to the ideal growing conditions we’re experiencing across most of North America. The Canadian dollar continues to climb, with a gain of 0.86 cents to close at US90.34 cents. The […] Read more
Wittal: Yield expectations rising
July 20 — I made it back from our trek on the West Coast trail alive and well, albeit a little stiff, sore and bruised. I got home at 2 p.m. today, so this will be a short recap of what the markets did today and over the past week. Reviewing the markets of the […] Read more
Wittal: Trade sees canola losses as overdone
July 9 — Financial markets were mixed to up slightly today as some of the earnings reports coming out from major companies such as Alcoa aren’t quite as bad as some were expecting. The U.S. dollar dropped 0.9 cents today and the Canadian dollar rose three-quarters of a cent, closing at US86.18 cents, which is […] Read more
Wittal: Lower crude values pressure canola futures
July 8 — Financial markets were a little better today but still ended the day with small losses for the most part. The U.S. dollar rose half a cent today and the Canadian dollar dropped 0.48 cents, closing at US85.4 cents. The Dow Jones June quote closed down 15 points at 8,116. Crude oil closed […] Read more
Wittal: Risk capital pullback will hit beans, canola
July 7 — World and U.S. financial markets were on shaky ground today as traders are becoming a little leery. The second-quarter earnings report for the Standard and Poor’s (S+P) 500 companies that’s to be released Wednesday doesn’t sound like it will have any good news in it. Preliminary indications are to expect an overall […] Read more
Wittal: Speculators’ liquidations have begun
July 6 — World and U.S. equity markets struggled overnight and finished mixed to down for the day. U.S. employment numbers showed more jobs lost than expected and this pressured the equity markets and the currencies today. The first part of July is historically when the soybean markets usually take a bit of a drop […] Read more