Nothing illustrates the demise of world trade agreements more than the recent dispute between the United States and China.
Stories by Bruce Burnett - Analysis
Prairie Weather
The second major storm system in less than a week is beginning to push through the eastern Prairies this morning. This system is moving up from the Montana’s and the western Dakota’s and is already spreading into southern Manitoba. This system will bring a rain/snow mix to eastern Saskatchewan and Manitoba over the next three […] Read more
The Good, Bad & Ugly
The Good: The good news today was that canola managed to close up by C$4.80 per tonne to settle at C$620.00 per tonne. The good news is that the November contract closed above the 20 day moving average which stands at C$614.36 per tonne. The two day rally has pushed canola to the highest close since […] Read more
The Good, Bad & Ugly
The Good: Canola had a good day with the November contract gaining C$5.30 per tonne to close at C$615.60 per tonne. The gains in canola came despite losses in both soybeans and soybean oil futures. The gains in canola were based on the hope that there is the potential for a deal between China and Canada. […] Read more
Prairie Weather
There are some light showers pushing through southwestern Saskatchewan this morning which should diminish by the afternoon. Prairie weather will feature a mostly cloudy week with chances of rainfall on most days. Another major low pressure system is expected to move into the eastern Prairies later this week (Thursday and Friday) which will bring substantial […] Read more
Prairie Weather
Clear conditions are present across the Prairie ‘s this morning with high pressure dominating the weather during the next few days. There will be two systems entering the Prairies on the weekend that will bring rains to northern and eastern regions. The first system will eject from the Rockies and push across southern Alberta. On Saturday […] Read more
Fund sell-off another bearish signal for canola
Sell-off picked up after Chinese tariff announcement, but it took until now to accumulate a significant short position
Funds turned bearish during the past week as they moved to a net short position in all grains and oilseed futures contracts.
The Good, Bad & Ugly
The Good: The good news in the vegetable oil markets today was that soybean oil increased by 0.66 per cent to close the day at 50.38 U.S. cents per pound. The good news is that soybean oil has managed to maintain the 50 cent per pound level. This psychological level was first tested on the […] Read more
The Good, Bad & Ugly – Weekly Edition
The Good: Canadian wheat exports in week eight were very strong at 841,800 tonnes which pushed total exports in the crop year to date to 3.15 million tonnes. The wheat export pace is 471,400 tonnes ahead of last year at this time. This is the strongest export wheat export pace since the 3.22 million tonnes […] Read more
Exports off to a slow start after last year’s torrid pace
Canadian grain, oilseed and pulse exports are off to a slow start, but there are some bright spots, according to the Canadian Grain Commission’s most recent weekly export data report.
