Glacier FarmMedia – While producers could feel the pinch of a strike at the Port of Vancouver’s grain terminals within a week, the markets won’t feel much of a hit unless the strike continues for three or four weeks, analysts said. “It’s going to back up trains that are going into Vancouver. It’s going to […] Read more
Tag Archives grain markets
Speculators drive grain prices lower
November soybean futures are well below the estimated cost of production of $11.90 per bushel
SASKATOON — A leading analyst says grain prices should be bottoming out, but a recent supply and demand report did not help matters. “We are already down to extremely cheap price levels on corn and beans,” said DTN lead analyst Todd Hultman. Related stories: “It’s just hard for me to imagine much more downside risk, […] Read more
BRICS grain cartel unlikely
SASKATOON — Russia is spearheading efforts to establish an OPEC of the grain trade, but industry officials in North America doubt it will happen or that it will have much influence if it does. Russia is urging the BRICS trade alliance to form an inter-bloc grain exchange, according to an article published by World Grain. […] Read more
Market’s mindset is all about ‘comfortable’ crop supply
Grain glut,” “ample supply,” “supply pressure”: these phrases are showing up in market reports to describe crop supplies, particularly corn stocks. Corn is important for the whole grain complex because it tends to set the tone for the market. On Feb. 23 Chicago corn futures fell below US$4 a bushel for the first time since […] Read more
Trader thinks grain markets could stabilize next month
Managed money has been 'massively short' in the grain market, but there are signs that may be gradually changing
SASKATOON — The bear run in grain markets could be coming to a merciful end, says an analyst. “The month of March should be a catalyst that should at least start to stabilize things, I would think,” said a canola trader who preferred to remain anonymous. Related stories: Market’s comfort with grain stocks pushes down […] Read more
Grain marketing debate was long and heated
A clash of visions between open and controlled markets dominated the prairie ag landscape for much of the last century
Murray Fulton didn’t hesitate when asked to identify an overarching theme in grain marketing on the Canadian Prairies over the last century. “It’s the big question — should you rely on markets, or should you rely on some kind of more controlled system, whether it’s co-op owned, or government controlled?” said the University of Saskatchewan […] Read more
Congress plays games as grain markets continue to go south
Evidence continues to pile up that today’s political and grain market pile-ups will be bigger and messier than first thought. Right now, it’s political carnage that’s making headlines. I’m old enough to remember when Congress’s biggest worry was foreign bombs, not bombast, and when congressional leaders muzzled their party’s empty-headed lip flappers. Not today, though. […] Read more
