Keeping eyeon the markets exhausting

Sure, I’ll take care of it. It’s a daily, online markets column in August. I’ve been at this for 20 years, you know? I love the markets.

And so it was that The Western Producer’s markets editor and senior analyst went on vacations.

Summer markets stories are usually as rough as writing about a fall roundup from the back of a horse named Dusty.

This summer’s commodity market is more like doing it from Gin & Juice, the spirited Canadian Olympic horse that tossed Hawley Bennett-Awad onto London’s Greenwich Park Course, leaving her under a tree with a concussion.

Monday, July 30: Corn blows by $8 per bushel on September contracts. I better tweet that. And do an inter-day report rather than just wait for the close.

And don’t forget the USDA’s Crop Progress report. Check the drought monitor and the six to 10 and 10 to 14 day forecasts. Dry.

What about beans? Wheat and, oh yeah, sorry, got so lost in the corn — shouldn’t happen when it’s only a metre high — canola on Winnipeg. Is it coffee time already?

Did I miss coffee? Lunchtime, you say?

Open interest jumps. Corn holds $8. November beans $16.44, wheat chases at $9.75 on Minneapolis.

“Yes, I’m proofing pages. Yes, I know today is deadline and there’s other stuff.” Calls to economist and a trader. Watch the ticker. Canola $615.80. U.S. corn and bean exports up.

Central bank meetings later in the week wouldn’t be a big issue to watch. U.S. jobs report Friday . Is it only Monday? Am I Lucy or Ethel in that chocolate factory?

Tuesday, July 31: Bulls rage on, but stumble toward the end. I smell profit taking.

Wednesday, Aug. 1: Will the Russians restrict exports? Time to sell those commodity profits. Markets fall. China rain, but not in Ukraine. Corn back to $8, beans $16.29, Wheat $9.36, canola $613.

Thursday, Aug. 2: Trade slows, price reins slacken, corn under $8, everything else follows. European Union finance meetings depress traders.

Friday, Aug. 3: Mexico makes largest buy in history, corn pokes up above $8. Beans, canola and wheat all rise.

Analyst back from holidays and I breathe.

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