Sometimes when you deliver grain to the elevator it’s shipped west and other times it’s shipped east. It may seem like it’s all completely random but there’s a science to it that grain, shipping and railway companies do every day. This was the focus of a panel discussion entitled “Why does grain flow this way?” […] Read more
Ashley Robinson
Stories by Ashley Robinson
Bad week for canola futures
It was a sad week for the ICE Futures canola market ending Nov. 16. The January contract dropped below the C$480 per tonne mark and while many may hope it will go back higher; people should prepare themselves for it to go lower still. The January canola contract flirted with the C$480 per tonne mark […] Read more
Canola holds steady
The ICE Futures canola platform finished the day mixed, with contracts bouncing around both sides of unchanged in the last 10 minutes of trade. Chicago Board of Trade (CBOT) soybean contracts finished the day mostly higher, soyoil contracts were stronger and meal contracts lower. Soybeans found support from news that China and the United States […] Read more
Diesel prices expected to stay high
As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance,” said Phil Flynn of the Price Futures Group in Chicago. “If we do get a cold winter, I think we’ll […] Read more
India expected to become a pulse buyer again
After a year that saw India drop off the map as a pulse importer, some industry officials expect that we could see India re-enter the pulse buying market soon. “Seeding is going down, the monsoons are weak. So definitely they will need to import. I see that in the next few months we will start […] Read more
Weak Cdn dollar limits drop in oilseeds
The ICE Futures canola platform were weaker at market close, following the lead of Chicago soyoil contracts. The January contract has been finding some support around the C$480 mark, however it hasn’t been able to rally as weak soyoil contracts have it stuck there. Chicago Board of Trade (CBOT) soybean, meal and oil contracts were […] Read more
Prairie wheat bids down with U.S. futures
Wheat bids in Western Canada were lower for the week ended Nov. 8, following the lead of dropping United States futures markets. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were down slightly, falling by less than a dollar to C$2 per tonne, according to price quotes from a cross-section of delivery points […] Read more
CBOT soybeans recover after dismal USDA data
The latest United States Department of Agriculture (USDA) reports surprised traders leading to an immediate sell-off for Chicago Board of Trade (CBOT) soybean contracts. “It’s a pretty interesting report to tell you the truth, but really the focus has been on the beans,” said Jack Scoville of Price Futures Group in Chicago, Ill. It had […] Read more
Pre-booked corn pushing barley and wheat out of Alberta feedlots
Cattle in “feedlot alley” in Lethbridge, Alta. won’t be seeing corn leave their diets any time soon, according to one feed grain buyer. “The marketplace booked up a fair bit of corn in advance of it, so through September, December and even out into March. So that’s all been done, that corn will continue to […] Read more
Tight supplies could have diesel prices rising
As supply tightens, farmers should consider stocking up on diesel before it’s too late, according to an analyst. “We think the market’s getting kind of overdone down here and this might be your best chance… if we do get a cold winter I think we’ll see these prices really pop,” said Phil Flynn of The […] Read more
