lebanon vineyard with tractor

What will a Middle East war do to your costs and prices?

Bonds and Risk: Expect fuel costs to be up, interest costs down

Farmers are caught in a developing cost squeeze. Global oil costs are threatening to balloon from about US$80 today to over US$100 per barrel, which would be a 25 per cent leap. On the other hand, interest rates in the U.S. and Canada are scheduled to decline by as much as 1.5 per cent by […] Read more

Oil inventories remain low, but recession fears leading to price declines continue to permeate the market.

How did 2023’s economic and market predictions turn out?

Predictions are often made but their accuracy never evaluated, yet this is an important step

For the past seven years in my newsletter, I have made annual “Fearless Predictions.” I also summarize predictions from the investment industry. The last chapter of my book, titled “If I claim to be a wise man…it surely means that I don’t know,” launched my annual prediction exercise, largely to poke fun at the process. […] Read more



CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn hits one-month high on weather worries

Soybean, wheat futures also advance

Chicago | Reuters — Chicago Board of Trade corn futures reached a one-month high on Friday as forecasts for dry weather in the U.S. Midwest kept attention on early risks to this year’s crop. Soybean and wheat futures also rose, with the agricultural markets posting weekly gains following recent declines to multi-month lows. Traders added […] Read more


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Mintec acquires Agribriefing to expand agrifood data offering

Paris | Reuters — British market intelligence firm Mintec announced on Tuesday the acquisition of Agribriefing in a deal it said would create a leading global provider of data on agricultural and food markets. Financial details were not disclosed. Agribriefing’s businesses include protein price-reporting agency Urner Barry and crop consultancy Strategie Grains, the latter acquired […] Read more

ICE March 2023 canola with Bollinger bands (20,2). (Barchart)

ICE weekly outlook: Markets rangebound into the New Year

ICE canola plays catch-up on CBOT gains

MarketsFarm — As 2022 comes to an end, a trader stated the commodities market will very likely remain rangebound through the New Year. Ken Ball, of PI Financial in Winnipeg, said there’s heavy spreading, as well as the maneuvering of year-end positions and plenty of liquidation going on at the moment, “all trapped in a […] Read more


CBOT December 2022 soft red winter wheat (candlesticks) with Bollinger bands (20,2), MGEX December 2022 hard red spring wheat (yellow line) and K.C. December 2022 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat drops on firm dollar, hopes for Black Sea talks

Lower wheat, dull demand weigh on corn, soybeans

Chicago | Reuters — U.S. wheat futures fell on Friday, surrendering all the prior session’s gains on a stronger dollar and hopes of progress in negotiations to maintain a Ukrainian Black Sea grain export corridor. Corn and soybeans followed wheat lower, weighed down by lacklustre demand and pressured by lower energy and equities markets. On […] Read more

CBOT November 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. grains: Soy, wheat, corn fall as export concerns rise

Low depths on Mississippi hinder export traffic

Chicago | Reuters — Chicago Board of Trade soybean futures fell to a 2-1/2 month low on Thursday, under pressure from the ongoing U.S. harvest and signs of weak overseas demand, traders said. Poor export demand also weighed on the corn and wheat markets as investors remained wary of an economic downturn. “The grain and […] Read more


CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)

U.S. grains: Corn, soy rise on broad commodities strength

Chicago December wheat dips

Chicago | Reuters — U.S. corn and soybean futures closed higher on Tuesday, following broad strength in commodity and equity markets tied to easing concerns about the global economy, traders said. The dollar index retreated from two-decade highs set last week, softening after Australia’s central bank surprised investors with a smaller-than-expected interest rate hike. The […] Read more

CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle, hog futures fall to multi-month lows

Recession fears eat at demand expectations

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more