Grain Outlook

Aug
12
After a harsh market correction to the tune of $1/bu in mid July, wheat continues to slide as harvest approaches. Export remains under pressure with wheat failing to break resistance at $5.35-5.40/bu on September futures. Given the global market, wheat fut…
Aug
12
Canola futures have fallen back from weather highs and currently is waiting on more news to enter the market to give some direction. With the expectations of a poorer crop canola futures should remain with upside potential and should make another push towa…
Aug
12
After seeing a market correction based on a change in weather conditions in mid July, barley has continued to ease as harvest nears. If crops are as expected or above expectations, look for the price to continue to drop 5-10 cents/bu each week until harves…
Jul
23
Feed wheat was driving the market, pushed to highs by weather concerns. As moisture hit western Canada demand quickly disappeared as producer confidence on new crop over supplied demand. With feed shifting in price look for a more traditional spread betwee…
Jul
23
End users took advantage of increased moisture and producer confidence to introduce harvest pressure into the market. With harvest on the horizon and coverage being seen into September markets have turned cold, toppling in the last week close to 40 cents/b…
Jul
23
Canola set its high at the start of July and has since relaxed and started to trade sideways. Overall the technicals and fundamentals still indicate big upside on the long term outlook. As harvest approaches some slight downside could enter the market and …
Jun
12
Wheat followed the complex (commodities index) based on weather concerns but got crushed mid week as forecasts project moisture through western Canada. Currently there seems to be enough supply to meet demand and wheat could see softer pricing if weather c…
Jun
12
Dry weather and low inventories has sent prices soaring as end-users scramble to meet demands for July-August. Feedlot demand has increased as a lack of moisture has led to cattle heading to feedlots instead of pasture. CAUTION: Weather markets are extreme…

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