Grain Outlook

Jun
12
After roaring up to predicted target, canola has stabilized and started to trade sideways as it looks for fresh news for market direction. Canola movement could slow through the summer with lower yields expected across western Canada and a increased bullis…
May
01
Massive amounts of wheat have come to the table as late winter and early spring export contracts drag into summer months. This has caused a chain reaction in local markets as both feed wheat and barley prices have dropped. Technically wheat should see majo…
May
01
Local demand has slowed as movement drags across the province. A reversal in USD strength has removed some of the support that canola benefited from, even while soybeans lost ground. With soft local demand combined with weaker technicals, price could conti…
May
01
An abundance of wheat entering the feed market combined with a stronger loonie has caused barley demand to weaken considerably going into May-June. Currently end users are sitting on comfortable positions and are not feeling pressure to secure more on posi…
Apr
08
Wheat demand is nicely up but technically doesn't show as strong on the futures. This presents a great opportunity for spring and early summer pricing that could fade. Technical data on the futures is showing a minor uptrend that is being tested on the dow…
Apr
08
Seasonal demand has started to push pricing back up to highs that were previously seen in the first 2 weeks of January. At these levels end-users are getting covered quickly and dropping out of the market. Lower inventories should help to support the rally…
Apr
08
Canola has traded sideways over the past month testing support levels of $450/MT and resistance at $465/MT multiple times. Given current technical formations, look for canola to bounce off $450 and attempt to get one more leg up towards a $480-490/MT zone.…
Mar
12
After canola tested support at $450/MT on July futures last week, it rebounded this week against a weak loonie. The question from a marketing stand point is will it continue to surge? I believe we will see a push back up to $470-480/MT but after that downs…

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