Grain Outlook

Mar
12
Currently wheat seems to be drifting, looking for news or even another commodity to pick it up and give it some direction. Local demand has eased for March and end users are content to approach their demands for April-May with caution. Futures are retestin…
Mar
12
Over the past two weeks barley has found support for a rebound heading into spring. Lower volumes trading in the market illustrate the standoff currently taking place between the buyers and sellers. This sideways low volume market gives a rebound signal wh…
Feb
18
Space to deliver into end-users has become nonexistent for February and the first 2 weeks of March. Warm weather has caused end users to become over bought for February and March homes will likely be completely covered before the start of the month. This m…
Feb
18
While wheat has managed to hold steady as barley demand drops, basis levels could widen on gradeables as movement to export could hit a snag with rail issues. If export prices sag pressure will immediately be placed on the feed side. Main support on th…
Feb
18
Canola has continued to strengthen even as the South American soybean harvest has begun. Prices very well could peak at the $465-475/MT on July futures as there is heavy resistance seen at that level. Basis levels had begun to narrow but we could see a wri…
Jan
19
Wheat continues to cool off as local export demand shifts to other commodities. Aggressive Oct-Nov-Dec buying covered large portions of movement and have allowed basis level to drop with falling futures. Export prices could see a possible bounce if Russia …
Jan
19
A steady decline in the loonie continues to support export markets. Basis levels have widened after $10 targets triggered throughout Western Canada. Demand should return to the market with possible season highs being seen at $470-480/MT on July futures. Ba…
Jan
19
Prices have started to soften as large amounts of volume changed hands the first half of January. The market is currently showing a 15-20 cent/bu spread between winter and spring premiums. Downside should be limited by lower inventories with a possible sli…

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