The Good: Spring wheat December futures were actually higher today with the contract gaining one cent per bushel. This resulted in the contract closing the day at US$5.56 per bushel. This is good news as the winter wheat contracts in Chicago and Kansas City futures dropped by 19 to 20 bushels per acre and 17 to […] Read more
Stories by Bruce Burnett - Analysis
The Good, Bad & Ugly
The Good: Soymeal December futures jumped by US$7.40 per short ton to close the day at a new contract high of US$324.80 per ton. The good news is that the rally over the past two months has pushed soybean meal above nine year lows in soybean meal set earlier this year. Soybean meal futures have jumped […] Read more
Prairies have variable soil moisture conditions
The western Prairies have been very dry over the past two months, while the eastern region has received excess moisture
The dry weather in the west was welcome for preserving grain quality and advancing harvest, but it has resulted in very dry soil moisture conditions.
The Good, Bad & Ugly
The Good: U.S. wheat exports improved last week as 350,293 tonnes were shipped during the week ending on October 30.. This brought the total exports to date to 11.83 million tonnes. This is the fastest pace of wheat exports since the 2013-14 marketing year. The fast pace for wheat demand is being led by HRS […] Read more
The Good, Bad & Ugly
The Good: The canola market had a good day today with the nearby contract up C$10.90 per tonne to settle at C$647.90 per tonne. The canola market was supported by a strong move higher in U.S. soybean futures which closed up 17 to 19 cents per bushel. Soybean oil futures increased by 2.3 to 2.4 […] Read more
The Good, Bad & Ugly
The Good: The Bad: The Ugly:
The Good, Bad & Ugly
The Good: The canola market had a good day on the coat tails of the U.S. – China trade agreement. The January contract closed the day up C$7.20 per tonne at C$648.50 per tonne. Soybeans had a strong day with nearby contracts up by 10 to 13 cents per bushel. The rally in canola today pushed […] Read more
Prairie Weather
A low pressure system is slowly moving across central Saskatchewan this morning which is bringing light rains to eastern Saskatchewan and Manitoba this morning. The system will slowly move eastward today but the accumulations are going to be mostly less than 5 mm over the next 24 hours. Mostly dry conditions will prevail on Friday and […] Read more
The Good, Bad & Ugly
The Good: Canola futures had a good day with nearby January futures up by C$2.50 per tonne to close at C$641.30 per tonne. The gains today pushed the canola contract above the 50 day moving average which stands at C$638.44 per tonne. This is a bullish signal which is confirming the move off of the […] Read more
Wheat demand strong but futures still bearish
Basis levels have improved, but it hasn’t been enough to make up for the drop in futures prices
Wheat exports from North America have been quite strong so far this crop year, with both the United States and Canada off to a good start.
