commodity markets Archives - Page 2 of 3

Fund position flips to net long in canola

The last time the market was showing a net long position was the first week of January

By Phil Franz-Warkentin, GFM Network News July 21, 2023

MarketsFarm – The managed money position in canola flipped from a net short to a net long for the first time in six months during the week ended July 18, as fund traders covered short positions and put on new bullish bets, according to the latest Commitments of Traders report from the United States Commodity […] Read more

CBOT March 2023 soybean oil (candlesticks, right column) with Bollinger bands (20,2) and CBOT March 2023 soybean meal (black line, left column). (Barchart)

Crops, Markets

CBOT weekly outlook: Commodities largely rangebound after USDA report

By GFM Network News January 26, 2023

MarketsFarm — Although soyoil on the Chicago Board of Trade has fallen back for five consecutive days as of Tuesday, it has remained rather rangebound, according to trader Ryan Ettner of Allendale Inc. in McHenry, Ill. “We’re actually at prices where it was in early August,” Ettner said, pointing to something of a back-and-forth shifting […] Read more

General, Markets, Reuters

Mintec acquires Agribriefing to expand agrifood data offering

By Reuters, GFM Network News January 10, 2023

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

Crops, Markets

CBOT weekly outlook: Fears over soy scarcity now gone

By GFM Network News June 22, 2022

MarketsFarm – Soyoil prices at the Chicago Board of Trade (CBOT) have been tumbling of late largely due to the markets no longer being afraid of already tight global supplies becoming scarcer, according to Sean Lusk of Walsh Commercial Hedging Services in Chicago, Ill. Lush explained that the South American soybean crop wasn’t as bountiful […] Read more

Hogs, Livestock, Markets

Hog sector to focus on margins in face of outside volatility

'Counter-cyclical' moves seen in markets

By Phil Franz-Warkentin, GFM Network News June 14, 2022

MarketsFarm — The hog sector has found itself caught up in the general uncertainty of many commodity and financial markets — making it more difficult than normal to predict where values could be headed. “We’re seeing a ton of volatility and it feels like we’re in a bit of transition on supply versus expectations,” said […] Read more

CBOT March 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)

Crops, Markets, Reuters

U.S. grains: Corn hits two-week low on virus worries

By GFM Network News February 3, 2020

Chicago | Reuters — U.S. corn futures fell to a two-week low on Monday as traders worried that the fallout from the coronavirus epidemic could include an economic hit to China, traders said. But soybean and wheat futures ended modestly higher, rebounding from multimonth lows on light bargain buying, strength in soyoil and supportive soybean […] Read more

When ag commodity markets react to world events, what do you do?

Columns, Markets

Designing a farm marketing strategy in a world of chaos and change

Global events often see agricultural commodity markets react

By Brian Wittal October 17, 2019

Drone attacks, election interference, international espionage, currency manipulation, trade conflicts and economic sanctions are throwing world markets into a frenzy and becoming destabilizing factors in the world economy. When ag commodity markets react to these non-agricultural situations, what do you do? As a primary producer focusing on your costs of production, you also have to […] Read more

Cattleman’s Corner, Markets

Always consider the Traders Report

Market Update with Jerry Klassen: Take some of the emotion out of market conditions 

By Jerry Klassen April 26, 2019

Fed and feeder cattle prices have been quite volatile over the past month. Lower supplies of market-ready cattle along with seasonally strong demand have contributed to the recent rally in the nearby live cattle futures. This strength has spilled over into the deferred live cattle futures contracts and allowed feedlots to bid up the price […] Read more

(Giuseppe Carotenuto photo courtesy FAO)

Crops, Weather

Canada’s ag output seen likely rising under climate change

By MarketsFarm Team, GFM Network News September 18, 2018

CNS Canada — A new United Nations report suggests just how climate change will reshape agriculture by 2050 — and that Canada’s production capacity stands to benefit. International trade will play an ever-larger role in helping to feed people in food-deficient regions, as warmer temperatures and less precipitation will damage yields in many tropical areas, […] Read more

Commodity markets have been about as predictable as the weather as of late.

Columns, Marketing

Weather, trade and our grain markets

Local and global events are keeping markets moving. Keep your eyes on your own work

By Brian Wittal July 30, 2018

As the calendar turned to April most of the Prairies looked like they were back in January with the snow cover and cold. Due to the La Niña weather event persisting for longer than some had predicted, portions of the Midwest and Southern U.S. remained extremely dry, while the Northern States, like the Prairies were […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News