The main crop futures have conveniently rebounded from early last week’s selloff. Some crops have had a couple of good days and show signs of having turned a corner on the charts for what could be another leg higher. On Friday corn at the Chicago Board of Trade closed up 25 cents to $3.91, soybeans were up 25 […] Read more
Ed White
Stories by Ed White
The mighty Canuckbuck
There’s a superhero who can make your crops instantly worth more money!!!!! He’s Canuckbuck, and in the last few weeks he’s added about $25 per tonne to the value of a tonne of canola. The efforts of Canuckbuck have obscured a different market phenomenon, one that is not as good for farmers: “Canola has lagged […] Read more
Grab the bull, then run for cover
Crop prices might drop a little lower. Then we’ll move a bit higher. Then we’ll take quite a drop lower. Then we’ll spend a lot of time getting a bunch higher. Then we’ll fall off the cliff again. How’s that for a forecast of crop prices for the next couple of years? That’s a way […] Read more
WCWGA disappointed with past year
Frustration, annoyance and anger simmered at the annual convention of the Western Canadian Wheat Growers Association. A few months ago, grain prices were high, hopes were strong to win more Canadian Wheat Board directors’ seats, there was the possibility of a WCWGA-friendly Conservative majority government being elected and by now, the board’s monopoly might have […] Read more
Oat surplus leaves crop out of recent market rally
Oats have been left out of the recent rally that saw most crop prices rise. That isn’t likely to change much, say market analysts. There’s a reason oat prices are stumbling along close to their low point of early December while the prices of other crops have risen. “Fundamentally the commercial oat market is flush […] Read more
Grain markets watch weather
There’s no question fundamentals have returned to the commodities markets and crops are trading on their own merits again. That’s been both bad and good recently – good since early December and bad since Jan 12. Last month markets became concerned about possibly tight stocks later this winter and about weather problems in South America. […] Read more
No legs under market?
A lot of people were surprised when the USDA cut the legs out from under the righteously rallying crop markets Monday. Not Errol Anderson of Pro Market Communications in Calgary. (Nor Jeffrey Kennedy of Elliottwave International who I’ll write about in my next post.) He had already seen what he thought was evidence that the […] Read more
Rather embarrassing
I wasn’t sure if it was caused by massive interest in plummeting ag futures markets yesterday, but for some reason the new website for the Chicago Board of Trade wasn’t working yesterday. Click – nothing. Click – nothing. What the frak is going on? Has trading been suspended? It drove me crazy, and I imagine […] Read more
USDA slams market
Today’s USDA report hammered down crop prices across the board, knocking them well off their recent rally. At about noon, Chicago soybeans had dropped 54 cents to $9.83 per bushel, corn had dropped 30 cents to $3.80 per bushel and Minneapolis hard red spring wheat had dropped 50 cents to $6.00 per bushel. That’s big. […] Read more
Positive outlook
Here’s another 2009 market outlook. It’s from Agriweek, which is a weekly newsletter (there’s a daily version too) published in Winnipeg. It calls itself “Canada’s Agribusiness Authority Since 1967.” Each year the publication does a forecast for the year to come. This one is 16 pages long, but I’ll give you one paragraph from it […] Read more
