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Stories by Bruce Burnett - Analysis
Crude oil prices are warning for global economy
The negative sentiment seen in the crude oil market is bound to impact the flow of funds into agricultural commodities
Crude oil is king of the commodity markets and usually is a very good indicator of where the economy is headed.
Funds’ bearish position keeps lid on wheat price
Money managed funds were net short 163,135 contracts in April, indicating their belief that wheat remains overvalued
The main driver of the drop in wheat prices has been a long-term bearish position in wheat by the managed money funds.
Overvalued loonie will pressure Canadian export economy
The Bank of Canada decided to leave interest rates unchanged on April 16, which brought an end to the series of interest rate reductions that began in 2024.
Fundamentals overtake tariff fears in canola markets
A strong vegetable oil market including robust soybean oil exports from the U.S. is supporting canola demand
Don’t look now, but canola futures prices have recovered most of losses experienced after the imposition of Chinese tariffs on Canadian canola oil and meal in March.
Canadian farmers unscathed from ‘tariff dodgeball’
Grain markets have essentially moved sideways through the past week, despite Trump’s tariff announcements
Canada’s agriculture sector has emerged from last week’s U.S. tariffs announcement largely unscathed.
U.S. spring wheat the lowest since 1970
The main headlines in the USDA Prospective Plantings report deal with the expected corn and soybean plantings. Corn area came in above expectations at 95.326 million acres which is up by five per cent from last year. Soybean area dropped by four per cent to 83.495 million acres. In Western Canada the real interest is […] Read more
Wheat prices drop despite tighter ending stocks
Crop conditions remain mostly good in the European Union, the United States and the Black Sea region, keeping a lid on prices
Spring wheat markets have been trending sideways during the past week after dropping like a stone over the past month.
Weather to affect seeding plans more than tariffs
Continued dryness in the eastern Prairies may cause small seeded crops to be reduced in favour of cereal crops
One of the factors that hasn’t been talked about is the impact that weather may have on planting area adjustments this spring.
Volatile canola market will require quick decisions
The volatility caused by American and Chinese tariffs is expected to continue through 2025 and likely into 2026 as well
Canadian canola farmers must feel that they have become a punching bag for their country’s trading partners.
